Alex Shlaen shares his insights about trends and highlights in the SEA property market and what's at stake in this health turmoil.
The post The State of Asian Private Residential Prices In This Pandemic appeared first on LUXUO.

Palace magazine?s regular columnist Alexander Karolik Shlaen sheds light on the interesting developments in the Asian property markets during this global pandemic.
Alexander Karolik Shlaen
You have been following closely the Singapore property market over the past months. The current market, despite the health crisis and related ?Control Breaker? in place, seems to be resilient especially on the high side (District 9, 10, 11). How do you explain such resilience"
A study by the IMF showed that Singapore?s private residential prices appear to have decoupled since 2013 from the global chase for yields. The demand by foreign investors for the local property was so strong that the Singapore regulators had to undertake extreme measures in recent years. This jubilant love for Singapore properties, said the study, which was released within the annual Financial Stability Review of the Monetary Authority of Singapore (MAS) end of last year, was behind the steep rise in prices. By targeting sources of risks including transactions of speculators, foreigners and corporates through stamp duties, the cooling measures undertaken by the local authorities since 2013 have limited excessive property price increases. In fact, it made the prime residential property un...