US Commercial Real Estate
US housing prices gave us a peek at the state of the economy and we had plenty of observations looking at Singapore public housing policies. This time around we explore US commercial real estate to see what it can tell us.
Singapore Public Housing – Policy Observations
The Housing & Development Board (HDB) is Singapore’s public housing authority. It is a statutory board under the Ministry of National Development, which underscores the critical role of public housing…
Housing. Resilience or Froth.
It’s been 9 months since the Fed embarked on its rate hike cycle, and the S&P 500 has dropped by more than 15%. US credit card debt has ballooned from USD 846 billion in April 2022 to USD 963 billion as of October 28, 2022. With all signs pointing to a recession (in the US only, never Singapore of course), it’s amazing that market positioning and sentiment has remained so resiliently optimistic. The property market in Singapore is a case in point – exhibiting phenomenal divergence in transactions, price and rental rates. It looks bleak enough in the US, but surely Singapore is insulated some say?