, Singapore

Singapore's asset bubble not likely to burst despite QE3

But short term boost in buyer sentiment is expected.

According to Colliers International, Singapore’s residential prices see relatively less correlation with compression of U.S. bond yields and are not historically vulnerable to QE announcements, as compared to Hong Kong.

During QE1 and QE2, Singapore’s residential prices edged up 7.5 per cent and 4.2 per cent, respectively, which were relatively milder than the home price inflation experienced in Hong Kong during the same period.

“Short term boost in buyer sentiment is expected with the QE3, but we think that the effects will be limited in Singapore and will likely peter out before the end of 2012,” says Ms Chia Siew Chuin (谢岫君), Director of Research & Advisory, Singapore.

Ms Chia adds, “Singapore’s housing market is not directly susceptible to foreign capital flows as approximately 80 per cent of the population resides in public housing apartments. This represents a sizeable housing stock under the government’s control.

In addition, the government has introduced five rounds of cooling measures to curb the overheated housing market since 2009, including the most recent one targeting foreigners and non-individuals (corporate entities) with an additional buyer’s stamp duty of 10 per cent . This has lowered the participation of foreigners in Singapore’s private housing market, where a mere six per cent of all purchases from January to August 2012 were made by foreign buyers.”
 

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Singapore Business Review in your inbox
Chua spent 18 years with UBS Wealth Management prior to his new role.
Private-sector economists polled by the Monetary Authority of Singapore expect higher growth, faster inflation in 2021. Economists and analysts from the private sector expect the Singapore economy to grow by 6.8% for the full year of 2021, according to the latest Monetary Authority of Singapore (MAS) survey of professional forecasters. The forecast for the June survey is higher than the 5.8% forecast from the March survey. The twenty-seven respondents expect manufacturing to grow by 8.3%, finance & insurance by 6.0%, construction by 19.3%, wholesale & retail trade by 4.4% and accommodation & food services by 6.5%. Private consumption is expected to grow by 5.2%, lower than the 7.9% forecast from the past survey. Non-oil domestic exports is expected to grow by 7.5% for the full year of 2021. CPI-all items inflation and MAS Core inflation are expected to come in at 1.4% and 0.8% respectively for the full year of 2021. For the second quarter, the economists expect CPI inflation to come in at 1.9% and core inflation to come in at 0.7%.  
The leading F&B establishment operator expands its retail line of condiments and flavourings.
This deepens SGX’s partnership with Nikkei Inc.
These three stocks saw significant growth in trading turnover year-to-date.
The project with a 280-bed capacity is expected to operate by 2022.
Singapore Airport Terminal Services saw the sharpest decline during Monday's trading, with a 1.21% drop.
And the G-7 states demand a probe on the origins of the COVID-19 pandemic.
Approximately 35% of MSEs in the F&B and retail sectors saw their earnings drop by more than half during the Phase 2 Heightened Alert period, according to a DBS survey.
Enterprise Singapore extends the programme that supports food and beverage businesses in providing food delivery services.
The Baht 40b debentures were 1.52 times oversubscribed.
The fund was announced at the inaugural CapitaLand Sustainability X Challenge.
Mapletree Logistics Trust saw the sharpest decline during Friday's trading, with a 0.99% drop.
This may be one of the last times the troubled water treatment firm could meet with securities holders before shutting down.
The company has been listed in the Catalist board of SGX since 2017.