SG vs UK vs US: Which real estate market is performing better?
Singapore's residential and office markets may perform better compared to the US and the UK, according to property fintech firm, RealVantage.
Despite the cooling measures implemented in Q4 2021 to cool the Singapore property market, the strong demand for residential properties and the lack of supply have resulted in home sales rebounding in March 2022. Additionally, the resilient demand during the pandemic may continue to fuel prices which surged the most in more than a decade last year.
By the first quarter of this year, Singapore had 14,087 unsold units still under construction, the lowest since that data point was made available in 2006.
Singapore's office market also saw the fastest pace of growth for its Premium and Grade A office rents since Q3 2021, marking a 1.5% q-o-q increase to SGD10.26 psf, in Q122. The healthy leasing demand is preparing for employees returning to the office and the expected pick-up in business activity.
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U.K. house prices hit record high but cost of living crisis likely to cool market
The UK's annual inflation rate reached 6.2% in February, and the Bank of England said that figure could rise to 10% later this year.
U.K. house prices hit a record average of GBP282,753 in March but the higher interest rates and the increased cost of living will likely reduce affordability and lower housing prices over the coming year.
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U.S. housing market exhibits more signs of slowdown
Housing affordability is even more strained as prices continue to rise and mortgage rates surge. The typical contracted rate for a 30-year fixed-rate mortgage has risen from 3.3% at the start of the year to 5.2%.
Which real estate market do you think is performing better?![]()
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U.K. house prices hit a record average of GBP282,753 in March but the higher interest rates and the increased cost of living will likely reduce affordability and lower housing prices over the coming year.
Housing affordability is even more strained as prices continue to rise and mortgage rates surge. The typical contracted rate for a 30-year fixed-rate mortgage has risen from 3.3% at the start of the year to 5.2%.
Which real estate market do you think is performing better?
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Newbie21 : US and UK share down, interest rate high and market cloud with high inflation with huge land still available.
Singapore have limited land, as long as this country continues attract talents, investor and rich stay here to do business, it will continue to drive the demand of properties which provide long term grow and safe investment in term of rental and capital gain.
DukeSteven : Singapore for sure. US market worst and worst since Biden took over.
Leonardksw : ofcos SG..UK and lastly the US..haha
Leonardksw DukeSteven : fully agree...US need Trump
JJ Hou : Sg obviously! is there a need to vote??!
cosmiclatte89 : Uk has wealth tax inheritance tax etc etc etc US is now at crazy prices…. SG seems expensive but it’s remains attractive to foreigners as a safe currency haven and comparatively cheap in terms of size and living space so…… well I hear this from my foreigner friends are so still undeterred fr all the ABSD BSD SSD
venda akka : it's very stable always
Ixy The Cat : SG growth due to the wealthy and mobile relocating here. US is a bubble due to effects of high inflation. UK economy is tanking due to silly govt policies just like in the US. All skewed to making the rich even richer.
HZXS : I share my opinion
BillyC75 : SG
A P J A Y : Singapore
Contrarian7 : Obviously SG has the strongest housing market, resale HDB already more expensive than private properties overseas.
TCCZZZ : Singapore real estate will perform better because of the small size. Due to Covid, Singapore has also demonstrated that it’s healthcare system is one of the best in the world. With the lockdown in China, some Chinese may think of migrating and Singapore is the perfect choice over USA and UK as the 2 western country has always been on loggerheads with China.
MONDAY86 : There's no reason.
Philip 2698 :
Philip 2698 : Singapore
Blessedme : SG being a small country with limited space drives up the price of real estate in terms of space limitation, supply and demand. In our policies and laws, it is easier to understand and straightforward in getting leasing or purchase of properties. Hence SG properties are definitely performing better.
placid Elk_3671 : The question focuses on 'performance'; hence, it is necessary to define what 'performance' means, in relation to real estate.
I think, sufficient supply to meet demand is one key factor. Another would be 'affordability' and what policy is introduced to ensure equitable distribution.
Singapore's property market is affected by high demands and lack of supply. Although the figures for unsold units is the lowest since 2006, this indicates that housing plans underestimated the actual demands. In addition, cooling measures (such as higher duties or increased interest on mortgage) are not mentioned, at all.
Rentals is picking up due to 'employees returning to the office' and 'expected pick-up in business activities', which are non-economics; therefore, unrelated to property market performance.
The UK market, on the other hand, is affected by higher inflation and makes no mention of supply nor demand. Assuming these economic factors remain unchanged, this alone indicates stability in performance. Furthermore, market forces (higher interest rates and cost of living) are likely to improve affordability, and requires no policy adjustments.
Increased mortgage rates on top of rising property prices in the US strains 'affordability', which questions the motivations of the urban planners. Equitable distribution will be hard to achieve, and the homeless is likely to remain so until Lady Fortune smiles down on them, in some form.
Hence, the UK market is – with the available information – showing the best performance.
102436725 : No need to vote ! Everyone knows