Property prices to drop 5% this year

While luxury homes will likely be 5-8% cheaper.

According to UOB Kay Hian, private residential price growth picked up in 4Q12 with a 1.8% qoq rise vs 1% for 9M12, resulting in an overall price hike of 2.8% in 2012.

The mass market segment witnessed the highest 6.5% yoy price increase, followed by 1.6% in the mid-tier and 0.8% in the high-end segment.

In tandem, public housing prices grew 2.5% qoq (6.6% yoy). In 2013, we expect property prices to fall 5% on average with the mass market segment seeing a 2-3% price correction and high-end prices correcting by 5-8%.

"However, property prices will be stable in the longer term, supported by stable employment levels, growing wages and an increase in population," UOB Kay Hian said.

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia