For some years Singaporeans have been deterred from investing in their domestic housing market by grossly inflated real estate prices. Instead, they have been buying properties abroad. But with the United States “tapering” its economic stimulus package and the prospect of interest rate hikes, Singaporeans are losing their interest in foreign real estate. Some analysts say Singaporeans expect to see the domestic market cooling and are therefore saving their money in expectation of re-entering when prices have fallen enough.
