It has been a good three years where prices of private residential properties have been going through a soft landing. Since the second half of 2014, investing in multiple properties was no longer in vogue. This was a far cry compared to 2010 to H1 2013 where there was an intense desire to purchase private condos, especially given the opportunity low interest rates provides. According to URA’s most recent price stats released for private residential properties, prices of private residential properties in Q4 2016 were on average lower than the peak in Q3 2013 by 11.3 percent. In light of this, it is likely that the private residential property market will witness price stabilization in 2017. Price cuts for developer projects are expected to be selective, mostly for those close to their ABSD deadline, or for current owners who are cash-strapped and have weak holding power. Will aggressive investing in multiple properties be on the cards in 2017?... Continue Reading