08 February 2014

Singapore HDB Resale COV near 5 year low - Feb 2014

According to figure released by the Singapore Real Estate Exchange (SRX), Jan 2014 COV figure was the lowest since June 2009 during the global financial crisis. Despite the decline, HDB Resale prices inched up by 0.3% in the month which reverses the general decline seen in the market since Q2 2013.

Private property developers including CDL urged the government to re-look on the cooling measurements implemented several rounds since few years back and so the whole ecosystem could still be running in healthy level.

Source: http://sg.finance.yahoo.com/news/covs-resale-flats-fall-4-5-low-043834859--sector.html

In my own opinion, property market is about 6 - 9 months lagging behind stock market. The Quantitative Easing kicked off this year would increase the interest rate eventually and dampen the demand of riskier product such as stocks & real estates.

However, it does mean that there are more opportunities out there in the market compared to last 2 years. Try to be more selective in investment and you may get a bigger return in later years.

3 comments:

  1. I am looking for a property to buy in Singapore soon. 2014/2015 is the time that the opportunity strikes!!

    A Happy 2014 New Year To You!!

    I would like to take up this chance to link up with you.
    As a gesture of good faith, I will add you to my blogroll first. Hope to see my blog in your site as well. Thanks in advance!!

    Dave (www.SmartPassiveCashFlow.com)

    ReplyDelete
  2. I am very glad to learn alot from you this meaningful knowledge. From an article describing your unique way , we can see that you are an approachable , humorous person

    ReplyDelete
    Replies
    1. This was just a hiccup. Singapore property values will undoubtedly go up in the future.

      Delete

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