Jan
31

Singapore Home-Price Drop in 2016 Might Prompt Reversal of Curbs

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  • Jones Lang LaSalle forecast a drop of as much as 8% in prices
  • Residential values have already dropped 8% since 2013

A further slide in residential home prices in 2016 may finally persuade the Singapore government to take its foot off the brakes in Asia’s worst-performing property market.

Property brokers including Knight Frank LLP and Jones Lang LaSalle Inc. said the government may be swayed to lift some of the curbs that have depressed local home sales and damped values. Home prices could drop as much as 8 percent this year, extending a similar decline since their peak in 2013, if an economic slowdown in the island-state becomes severe, according to Ong Teck Hui, National Director of Research & Consultancy at Jones Lang LaSalle in Singapore…

Singapore Home-Price Drop in 2016 Might Prompt Reversal of Curbs

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