The property market in Singapore is also slowing down. Talking about perspectives, the general property market sentiment in Singapore and Malaysia has cooled somewhat.
However, there is still demand for the ultra-luxury homes market, which Singapore has just started to realise the presense of such a demand.

In 2007, we have seen phenomenal prices of approaching $4,000 per square foot (be it for apartments or landed properties). Last year was a great year for property. 2008 has been cool as a cucumber, all investors are waiting at the sidelines, everyone's waiting for a bargain. Even in KL, in KLCC, there is still pent up demand for quality luxury apartments (even studio apts). Small 2 room apts can come up to RM1 million and more.

Of course when you convert that into pounds, it ain't much