0727 GMT - There could be a demand pullback within Singapore's property market if buyer sentiment becomes cautious amid a potential economic slowdown, say DBS Group Research analysts. The U.S.-China trade war and policy uncertainty around Trump's on-off tariffs could weigh on global growth, they write in a report. "As a trade-dependent economy, Singapore will likely feel the strain," they say. The property market has been historically closely tied to global economic shocks and often experience demand pullbacks during periods of global turmoil, they add. With a softer economic outlook and possible risks to unemployment rates, DBS estimates a potential flat-lining in overall property prices this year to 0% to 1%, compared with growth of 1% to 2% previously, and up to a 3% drop should a recession occur. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 03:27 ET (07:27 GMT)
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