The bottom is finally in sight for Singapore’s private home market: CBRE

Prices might tick up as early as 2018.

After nine consecutive quarters of price and sales declines, CBRE Research said that Singapore’s private property market might finally be heading for the trough.

This is because unsold supply is finally running low while prices have reached an equilibrium.

As sales slowed, developers become laden with a rising inventory of uncompleted and completed unsold units. At the end of 2015, the uncompleted unsold units stood at 23,000 units, down from nearly 27,000 units in 2014.

“Should the government relax the existing cooling measures, it maystoke buying interest. When that happens, the window of opportunity will narrow and prices might see some upside as early as 2018, led by the prime segment,” said the report.

“Softening prices in the Core Central Region has narrowed the premium it used to command over Rest of Central Region and Outside Central Region. The softening prices of prime homes present a window of opportunity for investors looking for good buys in this segment,” CBRE added.

Follow the link for more news on

CBRE

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia