How Will a Shaky Stock Market Affect Singapores Property Sector?
The beginning of year 2008 beckons in a tumultuous period for the Singapore stock market. After climbing peak after peak in the previous year, the Straits Times Index (STI) has slowed down visibly. In the last week of January, there were even one or two heart-stopping moments when the index fell fast and drastically below its 3,000 support level. We at Singapore Prime Districts understand that shaky performance in the stock market could be a concern for real estate investors. In this article, we will reveal why recent quivers of the STI should not scare off potential buyers and sellers of property. Disconnection between shares and property transactions Our data shows that there is a general disconnection between performance of the stock market and the prices of properties. Even when the Singapore stock market closed at its lowest point in 5 months on 15th January, there was no sign of panic and distress reflected in the property market. Prices remain stable and demand from buyers is st
