by Andy Mukherjee
Sales in 2017 touched a four-year high.
Developers paid homeowners S$8.5bil (US$6.4bil) – the most since 2007 – to vacate their homes so new apartment complexes could be built.
Having fallen 12.5% over four years, rents on Singapore residential properties are refusing to rebound.
1. A low birth rate, combined with Singapore’s strict controls on immigration over the past few years, compressed the city’s population growth between 2012 and 2017 to a compound annual rate of 1.1%, from 3% between 2007 and 2012.
2. Depressed wages could also affect demand.
3. The government may also be toying with the idea of raising the goods and services tax – perhaps as early as next month.
4. Supply jump will come in 2021.
Source: Bloomberg
https://www.thestar.com.my/business/bus ... 517gqbh.99
