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PROPERTY MARKET TO FACE MORE CHALLENGES CapitaLand
PROPERTY MARKET TO FACE MORE CHALLENGES CapitaLand
PROPERTY MARKET TO FACE MORE CHALLENGES: CapitaLand
Feb 20, 2014
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 its 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.
Info courtesy - PropertyGuru
