Property drives investor sentiment to 18-month high
Published on Aug 27, 2014 7:35 AM
Increased optimism about the property sector sent investor sentiment here to an 18-month high in the second quarter, according to a new survey.
It also found that local investors were more optimistic than many of their counterparts across Asia.
Real estate is underpinning the better mood in Singapore with 40 per cent of respondents thinking it is a good time to invest in their own home, up from 31 per cent in the first quarter.
This was likely due to "low interest rates, market stability and, importantly, the view that property prices have corrected to an attractive entry level for investment", said insurer Manulife, which conducted the survey. Prices of private homes have fallen 3.2 per cent from their peak in September last year to the end of June this year, according to official figures last month.
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Clearly, Singapore investors have recently regained quite a bit of confidence but... it's crucial to actively manage a diversified portfolio to guard against risk and maximise returns.
- Mr Naveed Irshad, president and chief executive of Manulife Singapore