25/09/2024
In the **September 2024 UBS Global Real Estate Bubble Index**, Singapore’s market is **fairly valued**, with a score of **0.59**, showing no signs of a bubble like Zurich or Tokyo.
Key points:
- **2.8% price growth** in 2022–2023, maintaining steady, moderate growth.
- **15 years of income** needed to buy a 60m² apartment, indicating an affordability challenge but still better than cities like Hong Kong.
- **40% rental surge** since 2018, keeping a solid price-to-rent ratio.
With the recent **Fed rate cuts**, real estate in Singapore may now be a good investment. Lower rates could ease financing, making property more attractive, especially with Singapore’s stable prices and less bubble risk compared to other global markets.
PM me if you would like a copy of the report or to discuss any of your real estate goals. 🙌🏻🙂