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It'll take fairly a while before interest rates revert back to their earlier norms - and some years earlier than we see another 2008 type of bubble. Most of the expatriate professionals dwelling there hire now as an alternative of owning a property.
The remainder of the HDB property titles are expected to be digitised by the end of 2019. Enbloc gross sales supply super potential for all homeowners to act collectively to unlock their land worth and attaining unsurpassed ROI in their real estate investments.
On the other hand, property prices saw a rapid recovery after the World Financial Crisis and the URA PPPI has been on the rise since 2009 Q2. Evidently, the property market didn't adversely view the increase in supply, and there was no damper on housing costs (see Determine 1). As a result of robust demand and excessive property costs, the URA PPPI even broke the earlier peak of 181.4 set in 1996 Q2.
