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10 things you need to know about Singapore's property sector
2016 could see some policy easing.
The property sector remained subdued but not really that bad at all. Barclays will show you in 10 charts.
November developer sales rose 39% m/m and 79% y/y to 759 units, bringing 11M15 sales to 7,144 units (-0.1% y/y). While Barclays expects a quiet December, believes sales for full year 2015 could slightly exceed 2014’s full year sales of 7,316 units.
MAS in a review last month noted that “risks in the sector are abating”. Barclays believe a peak vacancy rate of 10% next year and rate hikes will push down prices another 5-8% in 2016. By then the government could be ready for some policy easing, it said.
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