Four reasons Singapore’s housing market is not about to collapse

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The story "Four reasons Singapore’s housing market is not about to collapse" was covered 2 weeks ago by SCMP, a news publisher based in Hong Kong.

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Four reasons Singapore’s housing market is not about to collapse - SCMP

Quick Summary:

Singapore’s housing market was bound to slow significantly after undergoing a boom in recent years, but there is no indication a steep decline is on the way.

Mak said the prices of resale flats in the public housing system provide a “floor” for the private market.

Third, although private home sales in the primary and secondary markets in the first three quarters of this year were down compared with the corresponding period in 2022, according to PropNex Realty, supply is still relatively tight even after a surge in completions this year.