By: Property Observer
Savills office in Singapore is talking WHAT?!
Let’s hear WHAT they say,
– tapering of US QEIII won’t hurt local property market!?
– tightening of bank credit still won’t hurt local property scene/market!
– rise of interest rate (later date) also won’t hurt everybody….
– local property prices CAN still rise by 10 – 15% in the next 3 years… since the land bidding prices remain very high.
The probable reason for Savills to talk nonsense is, amidst the government being cautious about over leveraging (debts) by Singapore families, that Savills’s interest is pegged with property developers. The property developers with high cost land bidding need to sell their built houses and condos the next few years, already with increase in current unsold inventory piling up…
So, you ready believe in Savills’s economic and market sense?