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RESIDENTIAL PROPERTY | Krisana Gallezo-Estaura, Singapore
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10 charts to prove Singapore property's down in the doldrums

Public housing remains out of reach for many.

Barclays Research believes new private home sales volumes will come off 30% in 2013 on the recent government measures, and private home prices could fall 10-20% by 2015E, due to: 1) a mortgage rate hike coinciding with peak housing completions, resulting in higher vacancies and required rental yield expansion; and 2) a weak secondary market due to the seven prior rounds of tightening measures.

Their economist Joey Chew wrote on 12 Sep “Openness and household debt – the Achilles’ heel” that a acroeconomic shock could also trigger a market correction.

Here are 10 staggering facts to substantiate the forecast:

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10 charts to prove Singapore property's down in the doldrums

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