Moody's downgrade impact on Hong Kong property market & SG property outlook
Tuesday is the day we Power Your Property. We’re taking a look at property headlines over the past week with Karamjit Singh, senior consultant at real estate firm JLL and CEO of Showsuite. Credit rating agency Moody's changed its outlook on Hong Kong's rating to negative from stable yesterday, reflecting what it called the rising risk of"an erosion in the strength of Hong Kong's institutions" amid the city's ongoing protests. How will it affect Hong Kong's property market? In Singapore, official data yesterday showed that sales of private homes by developers in Singapore rose 81.9 per cent in August from a year earlier. What does this mean for the private property market?
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