Singapore Property Seen On Path To Recovery After Prolonged Slump

www.oann.com | 2/13/2017 | Staff
SINGAPORE (Reuters) – Singapore’s housing market is expected to build on its recovery over 2018, analysts say, as private home prices marked their first annual rise in four years.

After hitting a record peak in the third quarter of 2013, a string of government cooling measures drove private residential home prices down for 15 consecutive quarters through to the second quarter of this year.

Downturn - Forecasts - Analysts - Anything - Pick

That downturn may be over if optimistic forecasts by analysts are anything to go by, with a strong pick up on the cards after home prices edged up just 1.0 percent for the whole of 2017.

Credit Suisse forecast residential prices to rise 5-10 percent in 2018, and named UOL Group Ltd as its top pick for stocks among Singapore developers.

Property - Price - Increases - Breadth - Income

“Particularly supportive of sustained property price increases is the breadth of household income growth and...
(Excerpt) Read more at: www.oann.com
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