Singapore Housing Market Cools as Rates Stay High and Supply Rises
• Housing prices in Singapore not expected to rise indefinitely as signs of moderation emerge in public and private markets • Interest rates projected to remain high, impacting buyers and homeowners • Government ramping up supply of public and private housing to meet pandemic demand surge • Resale and rental markets showing early signs of easing due to market adjustments • Redevelopment plans progressing for central spaces like Turf City, with heritage and environment considerations