Singapore’s property cycle is nearing an important inflexion point, said
Chia Boon Kuah, President of the Real Estate Developers’ Association of
Singapore (Redas).
Pointing to two emerging trends, namely increased
volatility and a maturing property cycle, Chia, who is also Chief Operating Officer at Far East Organization, noted that property has turned into “a strong magnet as a store of wealth to
investors and end-users alike” due to record low interest rates and
sustained inflation growth.
Speaking at the Redas Property
Prospects Update 2013 Seminar, he warned that risks remain in the
property market due to a combination of factors. These include the
potential pullback on the US’ quantitative easing policy, China’s
recalibration of domestic policies and the steady supply of property
becoming available in the next four years.
Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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