A small, but prosperous nation, Singapore is an island located just off the coast of the southeastern portion of the Asian continent. This little country has one of the fastest growing real estate markets in the world, and experts have predicted a number of trends for this year and next.
Currently, the Singapore real estate market is seeing high property prices. This is great for sellers. There is some speculation that the government might get involved and work to lower property prices somewhat to drive a buyer’s market and get more people purchasing real estate in Singapore. This happened in 2013, and the government intervention did in fact work to lower prices for buyers. Due to this success, those involved in the market believe that it is very likely to happen again.
Overall, it seems that people in Singapore are feeling down about the market (unless they are sellers), but which way the tide will turn is anyone’s guess at this point!
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