tag:blogger.com,1999:blog-6930456496730255946.post5900952920275227763..comments2024-03-09T17:48:34.137+08:00Comments on Investmoolah: Why Singapore actually has a housing oversupplyChoon Yuanhttp://www.blogger.com/profile/12611026055011755624noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6930456496730255946.post-26148350092657588482018-03-11T20:33:53.836+08:002018-03-11T20:33:53.836+08:00Hi Kevin,
In my view, it is only a small uptick....Hi Kevin, <br /><br />In my view, it is only a small uptick. At the end of the day, the property market has to be supported by rentals if one is owning it as a second property. The rental market is very weak now because of fewer E pass and S Pass holders; this means a lot of buyers are buying in at a low yield or even none, hoping to get an upturn or government relaxing its immigration policy. <br /><br />To me, I would prefer the government to hold firm on its current policies and not give in to relaxing the ABSD or turning on the foreign immigration tap; just because ppty owners are not getting byChoon Yuanhttps://www.blogger.com/profile/12611026055011755624noreply@blogger.comtag:blogger.com,1999:blog-6930456496730255946.post-48787441411933352712018-03-11T10:48:38.814+08:002018-03-11T10:48:38.814+08:00Interesting post. I agree that there is an oversup...Interesting post. I agree that there is an oversupply in the housing market, as supply is increasing with no corresponding increase in demand (unless ABSD is removed). This is evident from the weak rental market.<br /><br />What are your thoughts then, on the current uptick in residential property prices? My own take is that it could be short/medium term in nature, due to the en bloc craze that arose from developers replenishing their land bank. But I could be wrong, and would love to hear your thoughts.<br /><br />CheersAnonymoushttps://www.blogger.com/profile/08400856212284216842noreply@blogger.com