The talk will begin with the presentation of the latest statistics on the housing market, including the overall sale and purchase figures, performance of the private rental market, foreigner’s share in the housing market, the forecasted housing supply in 2022, and the real estate market phase that Singapore is currently in.

In this 2-hour sharing, Sam will go through the following questions:

The 2-hour CPD (Generic) talk will take a deeper look into the seven global factors that – in a way – have already impacted the housing market here in Singapore in the past year. But the discussion this time will centre on whether, as some of the events take a different intensity, change course, add another dimension, or are resolved, the Singapore housing market will come off worst or better this time.

At the end of the discussion on each factor, I will assess whether it represents opportunities or challenges or a mixture of both for the Singapore housing market.

The synopsis of the talk is as follows:

• US-China heightened rivalry – generally good for Singapore as China will become friendlier to Singapore and more tech firms will set up here (Opportunities)
• China factor – The China factor for the housing market in Singapore in the past 5 years – how will the next 5 years look like? (Opportunities)
• Taiwan factor – Will China forcefully regain Taiwan in the short-term? In the first place, what was stopping China? Were the reasons still valid for today’s China? How will such a scenario affect the housing market in Singapore? (Challenges)
• Hong Kong factor – Likely exodus of foreign funds from Hong Kong – generally good for Singapore as foreign funds set up in Singapore (Opportunities)
• ASEAN factor – A possible part-2 of the ASEAN Financial Crisis – very probable. If it happens, how it will affect Singapore’s housing market – companies with huge exposure to Asian countries, e.g., Singapore developers in China, companies exporting to neighbouring countries, jobs will be lost etc. (Opportunities/challenges)
• Cost factor – likely 2% rise in mortgage rate from 2022 onwards – led by US Federal Reserve’s policy rate – imported inflation (Challenges)
• Demographic factor – Negative population growth – immigration situation is affected by the global situation – has Singapore lost its lustre for young and rich foreigners (Challenges)

The talk will conclude with the re-examination of the fundamental characteristics of real estate and the housing market has changed and how they will react to each of the possible scenarios.