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Measures to cool Singapore’s housing market are likely to be eased gradually over the coming years to support demand, says Fitch Ratings. However, house prices are likely to continue falling amid oversupply and rising interest rates. Singapore’s efforts to curb property speculation in an environment of low global interest rates have been effective. Speculative purchases …
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The Clement Canopy offers the best of both worlds – tranquility of home and the bustle of Singapore’s next CBD. Nestled in the heart of Clementi, The Clement Canopy is a spectacular 505-unit condominium along Clementi Avenue 1 and is strategically located near National University of Singapore, one-north and Singapore’s second CBD in Jurong. Being …
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Cairnhill Nine is an exclusive luxury development, located right next to Orchard Road – the bustling nerve-centre of one of Asia’s most exciting cities, Singapore. Cairnhill Nine’s luxury amenities afford you a lifestyle that’s simply incomparable.As a resident of Cairnhill Nine, enjoy your exclusive access to a host of luxury condominium facilities including a 50m …
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Singapore banks – DBS Group Holdings (AA-/Stable), Oversea-Chinese Banking Corp (AA-/Stable) and United Overseas Bank Limited (AA-/Stable) – are strong enough to withstand a downturn in the city-state’s property market as severe as the 45% plunge in private-home prices triggered by the 1997-1998 Asian financial crisis, says Fitch Ratings in a new report, based on …
Continue reading “Fitch: Singapore banks can withstand severe house-price slump”
