Is Singapore Property Price due for a Correction?
Overall prices of private residential properties increased by 5.6% in 1st Quarter 2010, compared with the 7.4% increase in the previous quarter.
As can see from the index chart by URA, the residential prices has hit all-time high. There are possible chances that it may be due for correction soon.
As the saying goes, “What goes Up, must comes Down.” How much will the correction be? Well, only time will tell as no-one holds any crystal ball to give a definite answer. For now, just has to wait and see.
August 30th, 2010 at 11:21 pm
[...] The measures, which take immediate effect, came as a strong economy and low borrowing rates have continued to push property prices up, sparking concerns of a property bubble. [...]