09 Jan '18, 10pm

Singapore tops Asean for 2018 property market growth forecasts - The Business Times

Singapore tops Asean for 2018 property market growth forecasts - The Business Times

SINGAPORE'S property market came in as the most promising one among Morgan Stanley Research's rankings of Asean markets which include the Philippines, Thailand and Indonesia. So bullish is the research house on the Singapore market that it actually expects home prices to rise 8 per cent this year and again in 2019, as rising buyer demand outweighs a tight supply of unsold inventory. It also expects new home sales growth to accelerate from 40 per cent in 2017 to nearly 50 per cent in 2018, as a buoyant collective sale market drives up home buyer demand while reducing the supply of available units to purchase. sentifi.com Market voices on: "As a result of a surge in en bloc activity, fewer units available for sale in the secondary markets will channel more home buyers to the primary market, driving take-ups for newly launched projects," it said. "In Singapore dollar terms, w...

Full article: http://www.businesstimes.com.sg/companies-markets/singapo...

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