The cooling measure introduced last year known as TDSR is taking effect and buyer are still caution. It will take a bit longer before the buying heat comes again. If one were to look at URA statistic, the likelihood of the turn will likely to happen next year. Are you ready for the turn?

Singapore market set for painful journey

Despite slowing property price declines, developers are in no hurry to bring new projects to market and quarterly Singapore private home sales volumes have fallen 43%, says JLL Even though there are signs that the decline in Singapore’s real estate market is softening, it is still likely to be in for a painful journey, says a top agency research chief. The secondary market was equally lacklustre with only 1,424 units sold from July-September, about 41% down from pre-TDSR volumes. Developers reaped the benefits of a buoyant market from 2009-2013 and are generally in a good financial position and property owners saw capital values rise 62%. Read more…