Feb 20, 2014
Singapore’s housing
market is expected to face further pressure given the government’s repeated
efforts to rein in property prices, said CapitaLand’s CEO Lim Ming Yan who was
quoted in the media.
“In the short term,
with all the policy measures we see the residential market to be under a bit
more challenges, but otherwise it's still a good market for us to be in,” he
said.
Private home prices
in the city-state decreased 0.9 percent quarter-on-quarter in Q4 2013, its
first decline in seven quarters.
Lim said that Singapore
will remain a key focus market for the developer, along with Vietnam and China.
“We still like the
fundamentals of Singapore as being in the centre of Southeast Asia. So long as
Southeast Asia continues to do well, there will always be a role for Singapore
to play,” he noted.
Info courtesy - PropertyGuru
