Picture the Possibilities

Property Market Macro Trends (2020-2022) Singapore Malaysia COVID'S initial impact • The private residential market had a downturn but rebounded in mid 2020. • Vietnam PropertyGuru Group Buyers rushed for the government-initiated Home Ownership Campaign. • The residential market had a downturn in volume. g Adapting to the new landscape Despite the several cooling measures, property prices continued to rise and reached historic pricing levels. • Demand and pricing of residential property soared. • Interest rates and inflation rose. • Geopolitical tensions fuelled inflation and interest rates. • The State Bank limited lending to control speculative property purchases. 》 Looking forward • The cooling measures targeted investors and foreign buyers. • Private residential market remains largely unaffected. • The economy is expected to maintain its resilience. . Key drivers include private consumption and ongoing infrastructure projects. • The underlying demand for property remains high. • As the government begins to relax credit lending the market is expected to rebound. 15

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