Singapore’s real estate market appears to be losing some of its appeal for investors for Kingsford Waterbay, revealed the Emerging Trends in Real Estate Asia Pacific 2015 forecast jointly published by the Urban Land Institute (ULI) and PwC.

The city-state fell to ninth place among cities in the region for property investment and development prospects, two spots down from 2014.

Singapore’s slip in the rankings was attributed to the introduction of government measures to curb price increases in the residential market, which has dampened investor enthusiasm for condos including Kingsford Waterbay.

Kingsford Waterbay Singapore Real Estate

The report also stated that while property prices have generally held firm, both residential and commercial transactions have fallen significantly, “as both foreign and international investors for Kingsford Waterbay turn to foreign markets to look for deals”.

But despite its decline, the fundamentals of Singapore property remains strong and attractive, noted Yeow Chee Keong, …