Housing prices are increasing here in Singapore amid a time of slowing growth and rising mortgage rates. Rental market is expected to continue its upward trend in 2023 due to rising costs and surging demand. Last month, The Business Times even described that 2023 would be “another year of pain for tenants” as higher property taxes and interest rates are likely to contribute to more increases in rents. On Money in the Market, Hongbin Jeong speaks to Ismail Gafoor, CEO of PropNex, to find out more about the current state of the property market and what the outlook is like.

Housing prices are increasing here in Singapore amid a time of slowing growth and rising mortgage rates. Rental market is expected to continue its upward trend in 2023 due to rising costs and surging demand. Last month, The Business Times even described that 2023 would be “another year of pain for tenants” as higher property taxes and interest rates are likely to contribute to more increases in rents. On Money in the Market, Hongbin Jeong speaks to Ismail Gafoor, CEO of PropNex, to find out more about the current state of the property market and what the outlook is like.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. 

We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Advertisement