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After another year of subdued home buying activity, property analysts warned that the Republic’s private residential property market may be in for tougher times in 2016 as the lacklustre economic environment is likely to depress sentiment further.

Adding to the woes is the United States Federal Reserve’s decision to start normalising interest rates, which is expected to keep prospective buyers on the sidelines as they adjust to the new reality. That, coupled with existing property curbs, could cause prices to fall by up to 8 per cent in the next 12 months, analysts told TODAY.

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Chief executive of ERA Singapore

Q: What were the best and worst things that happened to you (financially) this year?

A: ERA moved its office to Mountbatten Square early this year. It was a big move as we operated out of almost 60,000 sq ft of office space.

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Singapore parents will go to great lengths to get their children into popular schools. Primary 1 registration begins in the second half of each year.

The Ministry of Education's allocation system consists of seven phases. The first three phases - 1, 2A(1) and 2A(2) - assign priority to students affiliated with schools, which include children with siblings currently studying in the schools, whose parents and siblings are alumni of the schools, whose parents are members of advisory and management boards of the schools, or whose parents are teaching staff in the schools.

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Posted by on in Residential

An upcoming scheme to help public rental households own a home again could offer two-room flexi flats on shorter leases. Such leases are now only for elderly buyers.

This Fresh Start Housing Scheme includes a new grant, which may be disbursed in tranches subject to conditions, to motivate the new home owners to stay in jobs and put their children through school, for instance.

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Amid all the gloom and doom surrounding the private residential market, a more contrarian view that has emerged now points to green shoots of recovery in the second half of 2016.

A continual downward drift in residential prices is almost a foregone conclusion in light of rising vacancies, impending interest-rate hikes and a slowing economy, consultants say.

But some believe transactions could see a rebound in the second half of 2016 as value emerges in some areas, such as the high-end market and secondary sales.

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