News roundup: Australia’s national home prices hit record high, other property headlines
Australia’s home prices, Singapore’s high-end condominiums, Vietnam’s property market
Australia’s home prices, Singapore’s high-end condominiums, Vietnam’s property market
The country’s property market has deepened as new home prices saw the biggest fall since 2015
Regulators said that tighter mortgage rules will do little in curbing the booming property market
By Steve Finch
The squeeze on property prices affected not just China’s tier-one cities, but also investors looking for earners in emerging markets
An index revealed the prices of second-hand homes remained at 394.5, slightly below the peak of 396.9 in May 2019
The property market raises concerns on financial risks as it quickly bounces back
Economists at the Commonwealth Bank of Australia forecast positive recovery in 2H/2021
Seeing as there are still macroeconomic uncertainties, investors are considering repositioning their assets
However, analysts believe that the prices will drop more as the city-state still hasn't allowed sales galleries to reopen
Condominium values register quarterly growth while other housing types depreciate