Singapore’s property market is poised for a significant test as concerns about a potential economic slowdown loom. The market, closely linked to the country’s GDP and employment rates, is expected to face challenges, according to a
DBS Group Research report.
Analysts suggest that shifts in unemployment rates and housing affordability will be key indicators to watch, with relative value anticipated in the Core Central Region (CCR), private resale, and landed property segments.
The report revises property price growth expectations to 0-1%, down from an earlier forecast of 1-2%.
Despite this, transaction volumes are expected to remain in line with estimates. Property agencies with diversified income streams and developers with substantial pre-sold inventory are predicted to show greater resilience in the face of these challenges.
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