Real estate data on its portal showed a rebound of 22.5% in July after falling for two consecutive months, and prices have continued to climb as buyers rush in. Thus, he projects that any property market recovery moving forward will be slow and steady. But all three property experts say FDI is an essential factor if the property market is to recover. “The property market should recover once confidence returns to the market. Historically, when FDI comes in, it creates a feel-good factor and we see a boost in the property market,” says Toh.
