Sunday, June 15, 2008

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Muted Rental Outlook - Property Price Dampen

Property prices could go down with rental rates.

Historically, the rental index and property price index have exhibited a strong correlation and the recent strong performance of the Property Price Index (PPI) was well backed by the run-up in the rental index Strong rental rates will attract more buyers to invest in properties for the yield and thus driving property prices higher. However, the more muted outlook for rental rates could be another catalyst to dampen property prices going forward.
- OCBC Investment Research Report, Jun 2008

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
Smart Buyers, 10 reasons to wait
Property Price Index Graph Plotter & Online Property Valuation


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The blogger here has been affectionately named by close allies as "Smart Buyer" but really, he's not smart. Smart Buyer just believes that being prudent is smart. That's the essence of the message of this blog and Smart Buyer hopes it'll benefit other property buyers.

Smart Buyer :)