Wednesday, November 14, 2012

UOL: Housing demand to moderate with loan restrictions

The recent restrictions imposed on home loan tenures, as well as more supply coming on-stream, will likely moderate housing demand, according to UOL Group.


In a report by AsiaOne, UOL noted: “The residential market is still driven by high liquidity and low interest rates. Competition for acquisition of new (residential) sites is expected to remain intense.”


Meanwhile, UOL has also predicted that office rents could face added pressure due to slowing economic growth and new supply coming in.


Retail rents, on the other hand, will likely remain stable. Moreover, demand for hotel accommodation in the Asia Pacific region is expected to be affected by global economic uncertainties.


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