According to experts of the singapore new launch condo, prices should tend to a net drop from 2014. This broad decline should even be in the order of 15% for certain properties. The cause? The drop in sales from 2011 and the practical rates by lenders on real estate loans.

An anticipated real estate prices drop

Since 2011 the volume of sales in the commercial property for sale singapore is constantly on the full reduction in 2011 estimated 800,000 the number of completed sales then in 2012 only 709 000 sales have been identified, and at the end of the year the total count of sales is brought to 645,000. Paradoxically the luxury real estate market seemed be spared by this fall. This may be explained by the fact that this market had already suffered the decline a few years ago, it is this same path that the classic real estate market tends to follow.

Is there other variables to take into account?

According to experts of the real estate investment sector, the current situation brings a drop in prices. The other important factor are the rates charged by banks that obviously plays a role in the sale of real property, analysts have noticed a slight increase of goods sold in the period primptaniere of 2013, period during which the rates charged by banks were at the lowest (2.97% average).