Singapore Property Market May Reach Bottom Before Hong Kong


Images Of Public And Private Housing As Home Price Data Is Released

Private residential housing stands in the Serangoon Gardens Estate, foreground, in Singapore, on Thursday, June 25, 2015. Singapore’s home prices dropped for a seventh consecutive quarter, the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.

Photographer: Darren Soh/Bloomberg
  • LaSalle has been stepping back from Hong Kong property
  • Manager sees opportunities investing in China, Japan logistics

Singapore’s property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which oversees more than $58 billion in real estate funds.

Governments in Asia’s two most expensive residential markets have imposed curbs in recent years to tame prices and improve affordability. As demand has dropped amid a slowdown in the region’s economies, home prices in both cities are in the midst of a correction…

Singapore Property Market May Reach Bottom Before Hong Kong

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