The overall picture in 2H2000 continued very much as 1H2000. Steady market improvement continued albeit amidst a mild correction in rentals. Polarisation of demand to prime quality properties emphasised the attractiveness of this sub-market whereas price strategy remained a

As with the low mortgage rates, the current deposit rates are also as low as or even lower than the prevailing inflation rate. To deposit money to banks will yield depositors less value at the end of the deposit term because the inflation will eat up depositors’ purchasing power. Under this circumstance, to purchase property is considered the better investment alternative rather than saving and we expect a number of investors to divert their investment to strata title properties

After the strong growth registered in 1H2000, the Office and Retail sectors experienced minor changes over 2H2000, following more realistic policies of developers towards the prevailing economic circumstances coupled with more prudent investment adopted by tenants.

Judging from market performance over the past 24 months where sales rates were relatively low, the Condominium sector improved at a very gradual pace. The emergence of the second hand market is threatening the primary market due to cheaper prices. Demand from potential buyers was focused on the resale units,

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