According to a study by SMU and a real estate company, there would still be a shortage of 3,765 flats by 2015. As Singapore is a wealth management centre, the large pool of funds parked here will continue to support the property market. Therefore even though the property sales volume may be declining, developers will still be keen to bid for the land parcels put up for bidding. The researchers believe that if interest rates continue to remain low, there is still hope that the property market will continue to expand.