Tuesday, March 5, 2013

What to Expect in this Unexpected Current Property Market

ST701 Editorial Team - March 4, 2013
Property experts shared their views and analyses to help property buyers and investors make the right decisions and strategies for 2013 at STProperty Seminar

Singapore, 2 March 2013 – The stage was set for the long awaited event, the STProperty Seminar as property buyers and potential investors flocked to attend the sold out seminar entitled Property Investment Strategy for 2013 on the morning of Saturday, 2 March 2012 at the Raffles City Convention Centre.

The event, organised by SPH’s STProperty saw a turnout of an impressive 700 participants from all walks of life ranging from students to professionals eager to learn more on how they can tap on insights shared and to further broaden their knowledge on the latest property measures.

5 industry experts both local and foreign speakers for the day -  ERA’s Eugene Lim, SingCapital’s Alfred Chia, SLP International’s Nicholas Mak, Savills’s Julian Sedgwick and EcoHouse Group’s Anthony Armstrong  - addressed the latest government’s cooling measures, the Eurozone crisis, the  US fiscal cliff and the low interest rate on how it would affect buyers and investors.

“Going forward, HDB prices should stabilise as home buyers have a need for it,” said Mr Lim (Key Executive Officer). He also shared on the impact of how the latest cooling measures on the HDB market sighting that HDB resale prices are currently at an all time high because of the increase of new flats in the market.

Mr Chia (CEO) shared, “to prevent hot money from coming to Singapore, some developers are cutting the prices.” Mr Chia welcomes the new measures stating that they are well calibrated. However, he added that before a buyer/investor decides on anything concrete, he/she should do a financial health check.

Mr Mak (Executive Director and Head of Research & Consultancy) also welcomes the cooling measures, “It will definitely be a bright and exciting 10 to 20 years ahead and I am looking forward to it, though it might be more crowded.” He also expects an upward pressure in prices as well as a possibility of another round of curbs for 2013.

With so much talk on the local property scene, investors and property buys can also look at opportunities overseas. Mr Sedgwick (Director – Head of Business Development for International Residential Sales, Asia Pacific) shared the investment opportunities that await in London and UK.

Not forgetting where the next World Cup in 2014 and Olympics in 2016 is slate to set in Brazil, Mr Armstrong shared on the booming real estate opportunities in Brazil and how the surge in properties would help gain returns of up to 20% in a year.

“The topics that the speakers shared were really relevant especially pertaining to the latest cooling measures.” “I now know what to look out for before purchasing the property of my choice, said Mr Lu Di, a 25- year old student who attended the event.

Miss Khng, a 44- year old AVP said, “the session is very useful and informative; I had all my questions answered. I am looking forward to the next property seminar!”

For reference to snippets of the event and topics covered, visit www.STProperty.sg/seminar from 9 March 2013.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)
Email: marshe_inc@yahoo.com.sg

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