Singapore developers predicted to keep a more cautious stance in site biddings

Market activity feared to plateau.

According to Savills, even before the announcement of the latest rules from the MAS to restrict home loans, news of the US Federal Reserve’s intention to taper off its third quantitative easing by year’s end has caused anxiety over the end of an era of easy debt financing at low interest rates. 

Savills said that as market sentiment begins to wane, activity in the residential market is expected to moderate over the next few months and developers are likely to adopt a more cautious stance when bidding for new sites in the second half of 2013.

"Moving forward, private residential prices are likely to rise marginally until the end of the year, with the mass-market segment taking the lead," Savills said.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.