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SG S'pore property nearing inflexion point: Redas chief

Property Here - Wednesday, July 31, 2013

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Singapore's property cycle is nearing an important inflexion point, said Chia Boon Kuah, President of the Real Estate Developers' Association of Singapore (Redas).

Pointing to two emerging trends, namely increased volatility and a maturing property cycle, Chia, who is also Chief Operating Officer at Far East Organization, noted that property has turned into “a strong magnet as a store of wealth to investors and end-users alike” due to record low interest rates and sustained inflation growth.

Speaking at the Redas Property Prospects Update 2013 Seminar, he warned that risks remain in the property market due to a combination of factors. These include the potential pullback on the US' quantitative easing policy, China's recalibration of domestic policies and the steady supply of property becoming available in the next four years.



Nikki De Guzman
, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@allproperty.com.sg