Home prices may rise 10% in 2011

Price growth would likely decrease from 2010's preliminary estimate of 17.6% due to the presence of downward pressures.

Colliers International said that among other factors, the easing of economic growth from a preliminary estimate of 14.7% in 2010 to between 4% and 6% in 2011 should take some exuberance off the market.

The uncertainties still lurking in the larger global economy, coupled with the risk of further government cooling measures, should put the majority of home buyers on a cautiously-optimistic stand and contain their risk appetite; thus, limiting their propensity to commit to prices above the last done.

Ample supply of mass-market homes coming on stream from the ramped-up 2010 GLS program should also help to minimize growth for mass-market homes in 2011 to less than 5%; thereby, reducing the growth momentum for the overall private property price index.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.