16-09-2014, 08:57 PM
A pessimistic view from GS on Singapore private property market...
Private home prices could fall 15% in next two years, says Goldman
Private home prices in Singapore could fall 15% over the next two years, arising from a “structural demand-supply shift”, says Goldman Sachs.
Following yesterday’s release of official data showing a 43% y-o-y fall in private home sales in August, Goldman’s Singapore property analysts say they expect sales to remain slow.
There are now about 7,000 private homes that have been launched but not sold, compared with 5,400 units in 1H2013 and 3,600 units in 2010, according to their estimates.
...
http://www.theedgesingapore.com/the-dail...ldman.html
Private home prices could fall 15% in next two years, says Goldman
Private home prices in Singapore could fall 15% over the next two years, arising from a “structural demand-supply shift”, says Goldman Sachs.
Following yesterday’s release of official data showing a 43% y-o-y fall in private home sales in August, Goldman’s Singapore property analysts say they expect sales to remain slow.
There are now about 7,000 private homes that have been launched but not sold, compared with 5,400 units in 1H2013 and 3,600 units in 2010, according to their estimates.
...
http://www.theedgesingapore.com/the-dail...ldman.html