JULY 20 — Private home prices in Singapore have been on an uptrend post-global financial crisis, with the market having risen about 55 per cent since the middle of 2009 to hit a new high. Excess liquidity in Asian markets, a lacklustre United States economy and weakening European markets — as well as local factors such as low mortgage rates, higher immigration numbers, rising affluence and decreasing household sizes — have been driving demand for private residential properties in Singapore.
However, against a backdrop of increasing economic turmoil in the euro zone, slowing growth of Asian economies and increasing Government intervention, it appears that property prices here are beginning to peak. Full story
