Singapore was 4th on the list this year, but for 2014, the prospects may seem a little bleaker. But perhaps only because other cities in the region are catching up more quickly. Industry analysts are putting it up to the oversupply of properties in specific sectors.
In the Emerging Trends In Real Estate: Asia Pacific 2014 report conducted and published by the Urban Land Institute (ULI) in the United States and Price-waterCooperhouse (PWC), it postulates that investing in Singapore properties may become more pricey as tighter regulations and compressed property capitalisation rates result in higher interest rates. Some property experts are positive about the change. With less units available for rent, perhaps demand and rental prices may go up. Which sectors are performing better than the others? The truly bumper crop of HDB flats and new private condominiums which went for sale this year may have had some effect on next year’s performance.
So which countries topped the list? Tokyo. And Shanghai and Jakarta came a close 2nd and 3rd. What will Singapore’s property industry come up with next year to get back on the list? And were the slew of property cooling measures this year meant only to help property buyers? How will these measures help shape the future of the industry or will a restructuring of policies be more helpful than implementation of restrictive measures?