According to comprehensive reports from TradeWinds: The American rating agency Moody's believes that Singapore's housing prices will gradually decline in the third quarter of this year, which can alleviate the asset quality pressure faced by Singapore's banking sector. Moody's report released this week stated, "If housing prices rise further, it will increase the risk of a real estate bubble burst."
The latest data from the Urban Redevelopment Authority of Singapore shows that housing prices in Singapore fell by 0.6% in the third quarter of this year, marking four consecutive quarters of decline.
Edited by TradeWinds