I read with bewilderment Today newspaper's May 16 article titled “New private homes to cost up to S$2,900 psf on average by 2030: DBS report”. The five projections of DBS on Singapore’s property projections in 2030 caught my attention: 1. Singapore’s population to hit 6.3 million to 6.5 million 2. Homeowners’ incomes to grow at compound growth rate of 1.5 percent to 3.2 … [Read more...]
Singapore’s latest demographics: what it means for housing
The best property analysis released these days is not about the red-hot en bloc fever, or the optimistic projection of possible growth for the property market in 2018. The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on "Big Singapore Market Upgrade – Hype or Reality?" where he questions Morgan Stanley’s remarks about … [Read more...]
The dilemma of foreign ownership
Just read the news article "Landed property – fewer foreigners to get approval" in last week's TODAY. Our Law Minister expects approved purchases of landed property by foreigners to be reduced by half. 'Foreigners' are confined to Permanent Residents only. The current foreign ownership is 3.5 percent (below the target of less than 5 percent). Under the Residential … [Read more...]