27 Aug '13, 10pm

Industry Veterans Foresee Decline in Home Prices And Rents

At the same time population growth is expected to head in the opposite direction. The annual population growth is projected to slow to 1.7%, or 400,000 people, by 2017; stemming in part to policies to tighten the supply of foreign workers. This 1.7% figure is considerably lower than the year-on-year increase seen over the past eight years. The last time a lower growth rate was had was in 2004 when population increased by 1.26% from the previous year.

Full article: http://thefinance.sg/2013/08/28/industry-veterans-foresee...

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