Despite property market cooling measures and rising interest rates, the demand for homes in Singapore shows no signs of abating, even if a slight slowdown in the pace of inflation can already be observed.

Now, Singapore’s residential property sector is set to face a slowdown due to sluggish economic growth in 2023.

In Powering Your Property, Prime Time's Bharati Jagdish speaks with Dr. Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru Group to find out the trends that homeowners, buyers, and renters should be aware of to help guide them in their property journey in the new year.

Highlights of the conversation: 

01:12: What to expect from Singapore's bullish property market this year

03:00: Impact of the global recession, high-interest rates, and recent property cooling measures on the real estate market in 2023

04:16: To what extent will the completion of new units cool the red-hot rental market?

05:56: Should you invest in a property to rent it out?

08:14: Long-term measures that could stabilize the HDB resale market 

09:58: Guide for homeowners and investors as they enter their property journey in the new year