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Singapore property market more attractively valued: UBS

PC Lee Published on Thu, Sep 28, 2017 / 5:04 PM GMT+8

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SINGAPORE (Sept 28): Singapore has cooled down its housing market although many major urban markets in developed economies are still overvalued, with more are at risk of a bubble than in 2016, according to the annual Global Real Estate Bubble Index from UBS Wealth Management.

For six years now, Singapore real home prices have been falling modestly due to a variety of regulatory measures and are now 18% lower than at the previous peak in 2011. The housing market has dropped back to fair valuation levels, with risks declining in 2017 compared with last year.

A housing market turnaround also seems to be in the cards, says UBS.