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Will Singapore Property Prices Drop In 2024?

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Norm Coleman
Norm Coleman
6 months ago

Would you please explain what cooling measures the government has at it’s disposal if property prices were to fall too much?

Removing ABSD for Singaporeans and PRs on second investment property will have no effect as people will likely not speculate with second investment property in a high interest rate environment where they can barely pay the first mortgage.

Lowering loan to value makes no sense when residents are already stressed to the max with the loans that they already have.

And finally taking off ABSD on the elusive foreign buyer..your blog ran an article saying that the foreign buyer effect is always overstated and very concentrated on the higher end of the market. So if this factor was never really that relevant, how would this move the market?

So which of these cooling measures can the government really use to fight lowering property prices? I never really understood this argument as cooling measures really didn’t work on prices on its way up and there is this expectation that they would incredibly well on price on its way down.

Kelvin Neo
Kelvin Neo
5 months ago

Amid anticipations, predicting exact market changes is intricate. Economic measures, community strength, and prudent policies can potentially safeguard against substantial drops, fostering stability in Singapore’s property landscape. I own business which is Kelvin Property.

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