This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

Is the Red Hot Singapore Property Market Cooling?

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


real estate  Singapore  International Property  Urban Redevelopment Agency  Ku Swee Yong  Government Property Restrictions 

Is the Red Hot Singapore Property Market Cooling?

By - Tuesday 25 January 2011

Government-imposed cooling measures for the property market in Singapore appear to be having the desired effect, with sales dropping by around 30 per cent last month, new figures have revealed.

The Urban Redevelopment Agency in the country has revealed that demand for real estate has fallen.

In total, 583 units were sold in December, down from 1,332 the month before. It means that the overall level of private home sales in Singapore reached a record 16,364 units in 2010, topping the previous peak of around 14,800 in 2007, Colliers International said.

However, many analysts have warned that the slowdown in sales is typical for this time of year as there are generally fewer starts from developers and a reduced interest from potential buyers and investors.

As such, sales are expected to pick up again as the year progresses.

"December is a month where you got parents rushing around for their children's PSLE results; you've got people going off on their holiday. Developers at the same time also launch fewer units and will have advertised less in the month of December," said Ku Swee Yong, chief executive officer of International Property Advisors.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus