Find out how the residential property market will fare in 2015

Here’s what analysts have to say.

Private property prices will continue to moderate in 2015, as the market grapples with stringent cooling measures, a mounting supply of new homes, weak buyer sentiment and the impending rise in interest rates.

Analysts expect prices to moderate by from 4% to 10%. Chia Siew Chuin, Director of Research & Advisory at Colliers, expects that prices will ease between 5% and 8% in 2015.

Meanwhile, Alice Tan, Head of Research at Knight Frank, estimates that overall private home prices is envisaged to decline by 4% to 6% this year.

“Price decline of mass market homes could accelerate in the first three months this year, with high unsold inventory and anticipated weakness in the HDB resale market that would impact on the upgrader’s appetite for private property,” she said.

Alan Cheong, Senior Director at Savills, notes that prices in the primary sales market will decline from 3% to 5% next year. Properties in the CCR will see the biggest declines while prices in the RCR and the OCR will either remain flat or inch down marginally.