22 Aug '17, 7am

Singapore property's animal spirits are nowhere close to 2004

From analysts to homeowners and developers, there's growing optimism that Singapore's property market is about to emerge from its four-year slump. City Developments' shares are up 40 percent this year; CapitaLand Ltd.'s have risen 24 percent. But talk is cheap. The end of one property cycle, and beginning of another, needs a defining shift in animal spirits, marked by someone like Kwek committing to iconic, long-gestation projects that take years to fully complete and sell.

Full article: https://www.bloomberg.com/gadfly/articles/2017-08-22/sing...

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