The government’s cooling measures will not slow the demand for residential properties in
, according to Wong Heang Fine, CEO of CapitaLand Residential Singapore. Singapore
He noted that prices will keep rising this year, though at a moderate pace. He also said that high liquidity and continuing low interest rates will support demand.
Rental rates for commercial space will also moderate, said Chong Lit Cheong, CEO of CapitaLand Commercial.
This is due to the softening of demand with most major tenants, such as investment banks, having already secured office space.
Last week, CapitaLand unveiled the designs for a S$1.4 billion commercial project located on the former Market Street Carpark site and a new condominium in Bishan.
is a small city in terms of area, the demand for office space would definitely grow if Singapore were to grow into a cosmopolitan city and a financial centre,” said Liew Mun Leong, President and CEO of CapitaLand Group. Singapore
Info courtesy - PropertyGuru.com.sg