Sam Gian

I believe the Singapore Property Market is on a certain & gradual recovery path, after 4 years' of the cyclical decline.

First of all, Singapore's GDP growth is never better this time round.

Factories are back in production. But, be careful of the picture in the news report. It was a file picture in 2013. Actually, more factories are using Robots.

Second piece of evidence - supply of new private homes is coming down.

This means that prices will eventually stabilised - and then rebound!

Third Evidence - sale of private homes has rebounded in all market sectors, including new home, resale etc.

Fourth evidence - there was no decline in the number of Employment Passes issued by MOM.

EP holders form the support base for private home leasing. Typical EP holders rent 2-bedroom or 3-bedroom apartments.

Who say rental market is bad? Look at the rental transactions over the past few January - from Jan 2012 to Jan 2017.

Weak demand for 'Shoebox apartments' has nothing to do with the state of the economy - it is a 'product' issue.

'Regular sized' apartments are still doing fine. So, choose your listings.