(Image credit: Fleur Kaan on Unsplash)

In a world where the property market is as unpredictable as the weather, UBS brings a forecast that’s worth paying attention to. The Swiss multinational investment bank has recently stated that Singapore’s housing market has left the overvalued territory, now classifying it as fairly valued.

This shift is significant, marking a moderation in home price growth and an anticipated fall in rents. But what does this mean for the average Singaporean, the eager property investor, or the everyday renter? Let’s dive into the implications and prepare for the changes ahead.

UBS’s expectations: A closer

4 min read

Sometimes, we need to remember who depends on who, when it comes to foreign workers.

Domestic helpers aside, I’m also talking about foreign workers of the non-Sentosa-Cove variety. From Malaysia, India, Bangladesh, Myanmar, Indonesia, etc., we rely on foreigners for several key positions; be it nursing, or keeping those 24-hour supper spots running. So it’s a good thing for the government does care about the sort of rent they’re paying.

The new occupancy limits, which apply to both private and HDB units, increase the number of unrelated tenants allowed in the same unit. This doesn’t just help

Powell said this year’s growth cycle was in defiance of the 13 rate hikes enacted over 2022-2023 that brought the official cash rate to 4.35% by year’s end.

“What afterward unraveled over this past year was a reverse of expectations that defied logic—as a shortfall of housing supply collided with rapid population growth, a strained construction sector and the tightest rental market on record—and Australian property prices rose.”

She expects continued growth in house and unit prices into 2024 of between 5% to 7%, but warns of “an intricate dance of economic forces influencing the property price in Australia”. Upward

If you’re living in a rental, it’s something you’re probably already painfully aware of.

Renters in every Australian capital city are in a worse position than they were before the pandemic, according to the latest Rental Affordability Index report.

Sydney remains the least affordable capital city in the country with a decline of 13 per cent in affordability, while Melbourne and Perth each recorded declines of 10 per cent.

The report, which compares incomes with median rents, shows that affordability in regional areas has continued to worsen.

“The main takeaway really is it’s now a national problem,” says Ellen Witte,