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20-02-2014, 11:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Amid a sea of talk of a pending residential property market crash, one prominent consultant here has backed its resilience barring unforeseen systemic shocks.
Alan Cheong, head of research and consultancy at Savills Singapore, said,"I think barring external shocks, property prices, residential prices will stay elevated," he said.
Mr Cheong argued that a fundamental concern that there will be an oversupply of homes come 2015 is not the case at all.
"The reason is in Singapore; it is a situation of undersupply."
He added that even as population growth in Singapore was its lowest in nine years at 1.6 per cent, this will still compound to about 7.1 million people over the next 17 years, presenting calculations done by him and several SMU professors.
This compares with planning parameters laid out in the Population White Paper for up to 2030 earlier this year of up to 6.9 million.
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Tightening is fake. Even with tightening will still hit 6.9-7.1 million population by prescribed date. ALL SMOKE AND MIRRORS by PAP.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?175410-Even-with-tightening-population-will-still-hit-7-1-million-by-2030&goto=newpost).
Amid a sea of talk of a pending residential property market crash, one prominent consultant here has backed its resilience barring unforeseen systemic shocks.
Alan Cheong, head of research and consultancy at Savills Singapore, said,"I think barring external shocks, property prices, residential prices will stay elevated," he said.
Mr Cheong argued that a fundamental concern that there will be an oversupply of homes come 2015 is not the case at all.
"The reason is in Singapore; it is a situation of undersupply."
He added that even as population growth in Singapore was its lowest in nine years at 1.6 per cent, this will still compound to about 7.1 million people over the next 17 years, presenting calculations done by him and several SMU professors.
This compares with planning parameters laid out in the Population White Paper for up to 2030 earlier this year of up to 6.9 million.
----------------------------------------------------------------------------------------------------------------------------------------------------
Tightening is fake. Even with tightening will still hit 6.9-7.1 million population by prescribed date. ALL SMOKE AND MIRRORS by PAP.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?175410-Even-with-tightening-population-will-still-hit-7-1-million-by-2030&goto=newpost).