{"id":10054,"date":"2017-05-08T07:30:28","date_gmt":"2017-05-07T23:30:28","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=10054"},"modified":"2022-07-01T04:06:51","modified_gmt":"2022-06-30T20:06:51","slug":"whats-stopping-singapores-property-market-from-a-sharp-rebound","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/whats-stopping-singapores-property-market-from-a-sharp-rebound\/","title":{"rendered":"What’s stopping Singapore’s property market from a sharp rebound?"},"content":{"rendered":"
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Despite some improvements, there are still barriers prevent a sharp rebound in the property market.<\/figcaption><\/figure>\n

(Credit<\/a>)<\/p>\n

There’s been a sharp increase in sales volumes in February and March this year. But while this shows improved market sentiment, there are still barriers that prevent a sharp rebound in the property market. In all likelihood, the government has learned from the fast recovery we saw in 2009, which saw property prices shoot up by almost 60 per cent to a peak in 2013. Here are the factors currently in the way of such a repeat performance:<\/span><\/p>\n

The rebound waiting to happen<\/h3>\n

As we’ve mentioned in previous articles<\/a>, there was a sharp rebound in February and March. Sales volumes leapt up by 155.8 per cent between January and February, and rose a further 81.8 per cent in March. At the same time, prices remained more or less the same, suggesting the market may have touched bottom.<\/p>\n

We’ve also mentioned we saw similar situations like this, such as in 2009, where the spike in sales volumes was followed by a sharp rebound. At present however, there are a few factors still stopping this from happening. These are:<\/p>\n