Based on the latest URA private property price index (PPPI) flash estimates, we know that the PPPI, which represents the overall real estate price trend, dipped in Q4 2013. This is the first dip the market has seen in the last two years.
At present, there are numerous views that the real estate market will stay stagnant for some time. I agree and here are 4 reasons why we think 2014, and maybe even 2015, could be a turbulent year for stakeholders of the Singapore property market.
Reason 1: More new properties are going to flood the market
By now, we already know that there will be a large number of private properties being completed in the next few years…
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This article was contributed by Getty Goh, director at Ascendant Assets and the Co-founder of CoAssets.com.