Singapore property prices have declined for 15 quarters – the longest slide since data was first published in 1975 – as the government rolled out a series of curbs.
The Malaysian government revealed that the Malaysia My Second Home programme has managed to attract more than 33,000 foreigners from 126 countries to settle in the country since its inception.
Currently, Singapore has the largest startup ecosystem among all 10 ASEAN countries, followed by Indonesia and Thailand.
Morgan Stanley earlier this month said home prices in Singapore will climb two percent this year and 10 percent by the end of 2018, turning around earlier and rising faster than people expect.
“We have no exposure in the Singapore residential market and we are very comfortable not having any exposure,” Graham Mackie, head of real estate for Asia Pacific at UBS Asset Management said.
With a combined population of over 640 million, ASEAN nations are finding it increasingly difficult to provide affordable housing for their citizens.
Singapore's home sales are strengthening despite cooling interests from foreign purchasers.
