Investors underestimating impact of Singapore government’s efforts to concurrently increase residential land supply, dampen housing demand, says UBS, according to Dow Jones.
UBS tips 30% fall in transaction volume, decline of up to 10% mass-market home prices by end-2011. Cites slowdown in growth of Singapore permanent residents (PRs), sharp increase in new supply of public-housing flats as key risks to overall residential demand.