Midtown modern condo

The past couple of yeas have been good years for the Singapore property market, until the recent "cooling" measures taken by the Singapore government. This article serves as an update to those already in the Singapore Property Market or are looking to enter the market.

Some analysts noted that while the midtown modern condo market has remained resilient despite government's cooling measures, it seems to be near the tipping point. A recent report by UBS predicts that home prices in Singapore might fall between 10 to 15 per cent in the next 12 months.

There may be a couple more valid reasons for the gloomier prospects:

1) The uncertainty in Singapore's economic growth due to the global situation

2) The slowing population growth as the government moves to tighten immigration laws.