Residential property prices in Singapore expected to fall later this year

[Nicholas Wallwork]

The pace of growth in residential property prices in Singapore has slowed in the second quarter of 2010 with*the exception of the mass market segment, according to a new research report.

The prices though are still rising with the resale prices of leasehold homes in suburban up by 4% to $648 per square*foot, according to consultants DTZ. But looking ahead, DTZ expects prices of mass market homes to be kept in*check as the government releases more state land to meet demand.

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[janice5913]

In recent years, Singapore's developers build a lot of luxury condominium. The few that launch at first gets very good response but not to the recent few project. Even it build in with lots of premium facilities, sited at very good location, surrounded with tons of amenities... after all, all those so call luxury condominium are not afford by most of the Singaporean.