Is private housing rally sustainable?

There’s still housing demand but heavy reliance on investor buyers poses risks

In July last year, a buying wave of tsunami proportions drove developers’ sales for the month to an astounding 2,772 units.

To put that into context, the number was huge even for a quarter, let alone a single month. It is easily more than three [...]

Home price rise reflects demand, not a bubble: DBS

THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday.

‘In the mass market, what you are seeing is real end-user demand that is catching up,’ he told reporters at a briefing to present the group’s economic [...]