{"id":69373,"date":"2023-09-27T17:51:16","date_gmt":"2023-09-27T09:51:16","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=69373"},"modified":"2023-09-27T17:51:16","modified_gmt":"2023-09-27T09:51:16","slug":"ubs-home-price-growth","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/ubs-home-price-growth\/","title":{"rendered":"UBS expects home price growth to moderate: What’s next for Singapore’s property market?"},"content":{"rendered":"
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(Image credit: Fleur Kaan\u00a0on\u00a0Unsplash)<\/p>\r\n

In a world where the property market is as unpredictable as the weather, UBS brings a forecast that\u2019s worth paying attention to. The Swiss multinational investment bank has recently stated that Singapore’s housing market has left the overvalued territory, now classifying it as fairly valued.<\/p>\r\n

This shift is significant, marking a moderation in home price growth and an anticipated fall in rents. But what does this mean for the average Singaporean, the eager property investor, or the everyday renter? Let\u2019s dive into the implications and prepare for the changes ahead.<\/p>\r\n

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UBS’s expectations: A closer look<\/h2>\r\n

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UBS’s annual Real Estate Bubble Index<\/a> had previously listed Singapore as overvalued. However, the latest report<\/a> indicates a change, with the housing market now being classified as fairly valued. This shift is attributed to the government’s property cooling measures and other external economic factors that have influenced the property market dynamics.<\/p>\r\n

\"ubs<\/a><\/p>\r\n

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Not too long ago, UBS had assessed Singapore\u2019s residential property as fairly valued<\/a>. This assessment brought a sigh of relief to many stakeholders in the property market, providing a sense of stability and balance in the market dynamics.<\/p>\r\n

Read more:\u00a0<\/strong>Condos and HDB rental markets dip in volumes in August 2023<\/a><\/em><\/p>\r\n

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Impact on Singapore’s property market<\/h2>\r\n

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The moderation in home price growth<\/a> is a breath of fresh air for potential buyers who have been wary of the soaring prices. This change could make homeownership more accessible to a larger demographic, fostering a more inclusive property market. However, it’s not all sunshine and rainbows. The expected fall in rents could impact property investors who rely on rental income, leading to a potential reassessment of investment strategies.<\/p>\r\n

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[xyz-ihs snippet=”Property-Value-Widget-Code”]<\/p>\r\n

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Why the expected fall in rents?<\/h2>\r\n

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The expected fall in rents<\/a> is another crucial aspect to explore. Several factors are contributing to the anticipated fall in rents. The increase in available rental properties, coupled with the government’s stringent property measures, is leading to a more balanced market. Additionally, the global economic situation and the ongoing impact of the COVID-19 pandemic continue to play a significant role in shaping the rental landscape.<\/p>\r\n

Other factors, such as the global economic scenario, local market dynamics, and government policies, could be contributing to this anticipated decline. Landlords and tenants alike need to brace themselves for potential shifts in the rental landscape.<\/p>\r\n

Read more:<\/strong> Paris Ris burglary and theft: How do crime rates affect property values?<\/a><\/em><\/p>\r\n

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Properties for rent<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n DIVERSITY FRIENDLY<\/span>\n <\/div>\n
\n \"International\n <\/div>\n
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International Plaza<\/div>\n
10 Anson Rd \u00b7 D2<\/div>\n
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\n \"bedroom\"\n -1<\/span>\n <\/div>\n
\n \"bathroom\"\n 1<\/span>\n <\/div>\n
\n 400 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 3,500<\/div>\n <\/div>\n
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