PROPERTY MARKET TO FACE MORE CHALLENGES: CAPITALAND

Singapore's housing market is expected to face further pressure given the government's repeated efforts to rein in property prices, said CapitaLand's CEO Lim Ming Yan who was quoted in the media.

Singapore's housing market is expected to face further pressure given the government's repeated efforts to rein in property prices, said CapitaLand's CEO Lim Ming Yan who was quoted in the media.

"In the short term, with all the policy measures we see the residential market to be under a bit more challenges, but otherwise it's still a good market for us to be in," he said.

Private home prices in the city-state decreased 0.9 percent quarter-on-quarter in Q4 2013, its first decline in seven quarters. 

Lim said that Singapore will remain a key focus market for the developer, along with Vietnam and China. 

"We still like the fundamentals of Singapore as being in the centre of Southeast Asia. So long as Southeast Asia continues to do well, there will always be a role for Singapore to play," he noted.

Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

Source: PropertyGuru.com.sg

Date Post: 20/2/2014
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