18-09-2017, 12:18 PM
Singapore Property Analysts Turn Bullish, Predict 10% Price Gain
By Pooja Thakur Mahrotri
September 18, 2017, 11:26 AM GMT+8
After years of declining home prices in Singapore, analysts are expecting a turnaround as early as this year even as most of the government’s property cooling measures remain in place.
Singapore property prices will rise between 5 percent and 10 percent next year after bottoming out in 2017, analyst Vikrant Pandey at UOB Kay Hian Pte said. Morgan Stanley earlier this month said home prices will climb 2 percent this year and 10 percent by the end of 2018, turning around earlier and rising faster than people expect.
“We foresee the nascent recovery spreading to the mid-range and high-end segments in the next wave, driven by replacement demand from redevelopment of old housing projects and a pick-up in homebuying interest from foreigners,” Pandey said in a note Monday.
More details in https://www.bloomberg.com/news/articles/...price-gain
By Pooja Thakur Mahrotri
September 18, 2017, 11:26 AM GMT+8
After years of declining home prices in Singapore, analysts are expecting a turnaround as early as this year even as most of the government’s property cooling measures remain in place.
Singapore property prices will rise between 5 percent and 10 percent next year after bottoming out in 2017, analyst Vikrant Pandey at UOB Kay Hian Pte said. Morgan Stanley earlier this month said home prices will climb 2 percent this year and 10 percent by the end of 2018, turning around earlier and rising faster than people expect.
“We foresee the nascent recovery spreading to the mid-range and high-end segments in the next wave, driven by replacement demand from redevelopment of old housing projects and a pick-up in homebuying interest from foreigners,” Pandey said in a note Monday.
More details in https://www.bloomberg.com/news/articles/...price-gain