10-01-2018, 11:37 AM
Singapore Property Rebound Just Starting as Prices Seen Jumping
By Pooja Thakur Mahrotri
January 10, 2018, 10:53 AM GMT+8
Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices.
Home prices may rise as much as 10 percent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8 percent increase, according to reports from the brokerage firms.
Private residential prices rose for a second straight quarter in the period ended Dec. 31, reinforcing signs that the city-state’s property market is emerging from a four-year slump. For 2017, prices rose 1 percent compared with a 3.1 percent decline in 2016, data from the Urban Redevelopment Authority showed.
More details in https://www.bloomberg.com/news/articles/...en-jumping
By Pooja Thakur Mahrotri
January 10, 2018, 10:53 AM GMT+8
Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices.
Home prices may rise as much as 10 percent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8 percent increase, according to reports from the brokerage firms.
Private residential prices rose for a second straight quarter in the period ended Dec. 31, reinforcing signs that the city-state’s property market is emerging from a four-year slump. For 2017, prices rose 1 percent compared with a 3.1 percent decline in 2016, data from the Urban Redevelopment Authority showed.
More details in https://www.bloomberg.com/news/articles/...en-jumping