At 0.47 Index value, Singapore home prices have moved from "slightly overvalued" in 2021 and 2022 to  "fairly valued" in 2023.  Calmer waters aheadSingapore’s private residential market continues to benefit from the city’s safe-haven reputation amid geopolitical tensions attracting expats, wealthy investors, and new businesses. Younger generations seek their own apartments, creating additional housing needs. Despite strong demand for living space, the housing market has left overvalued territory and we…

Where is the land cost heading? 8 plots of Government Land Sales had taken place in 2022.  More details below, Business Times 4 Nov 2022 Hillview RiseTender closed at S$1,024 psf ppr and can generate about 335 homesBukit Timah LinkTender closed at S$1343.13 Business Times 13 Sep 2022 Lentor CentralTender closed at S$1109 psf pprLentor Hills Road (Parcel B)Tender closed at s$1130.05 psf pprBukit Batok West Avenue 5 (EC Site)Tender…

Where does Singapore Property Prices stand in 2022? At 0.5 Index value, Singapore home prices are slightly overvalued, but virtually unchanged from last year Residential house prices in Singapore increased by almost 11% in nominal terms between mid-2021 and mid-2022, representing the strongest growth rate in more than a decade. However, rental price growth has accelerated even more, leaving mid-2022 rents 16% above their mid-2021 levels.Following construction delays, pent-up demand for…

"Despite the near term uncertainty about the Covid-19 situation, there is a clear upward market momentum in prices and transaction volumes. Left unchecked, prices are likely to run ahead of economic fundamentals." "Borrowers will also be vulnerable to likely rise in interest rate in the next year and beyond." "The government has decided to implement new cooling measures to reduce th risk of a self-reinforcing cycle of price increases in…

Where does Singapore Property Prices stand in 2021? Singapore was able to keep house price and income growth aligned. But in 2018, stronger price growth kicked in as Singapore benefited from higher foreign demand. This year, valuations have increased slightly, and the market is slightly overvalued.Source:  UBS Global Real Estate Bubble Index 2021 | UBS Global No irrational exuberance From mid-2020 to mid-2021, Singapore registered its second-strongest annual price growth over the last…

Where does Singapore Property Prices stand in 2020?  Fair Valued & Stable Again Attractive mortgage rates, balanced market fundamentals, and resilient demand should limit the downside. https://www.ubs.com/global/en/wealth-management/chief-investment-office/life-goals/real-estate/2020/global-real-estate-bubble-index.html https://www.ubs.com/global/en/media/display-page-ndp/en-20200930-ubs-bubble-index-2020.html

In the latest edition of the IMD World Competitiveness Ranking, Singapore has held on to its No.1 position for a second straight year in the annual list of 63 economies that analyses their ability to generate prosperity. Factors behind Singapore's success includes Its strong economic performance arising from robust international trade and investment, employment and labour market measuresthe relative ease of setting up businessthe availability of skilled labourcutting-edge technological infrastructurestable…