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With the rising number of new houses coming into the market (i.e., large constructions underway), will SG housing/condo prices crash (compare with Dubai whose property market has crashed 60% following the huge construction spree in Dubai in 2006-2007)?

I am a serious buyer but feel conflicted about timing the market & remain concerned with the rising price - I do not see how it can be sustainable. Thank you.
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1 Answer

Ken Tan
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Dubai's decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented made property more valuable, resulting in the property appreciation from 2004–2006.

Dubai's property market experienced a major downturn in 2008 and 2009 as a result of the slowing economic climate.

To reinforce what Keith said, judge the country based on it's government as well as it's policies. It is not really substantial to say that dubai's property crash due to the sudden increase in new construction of properties. There much more factors at play.

Cheers. Read More
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