19 Sep '17, 5am

Analysts: Home prices to rise 10% next year

More redevelopment deals and increased foreign buying interest is expected to drive demand for Singapore homes. Fuelled by redevelopment deals and an increase in foreign buying, UOB Kay Hian expects home prices in Singapore to bottom out this year and climb by five to 10 percent in 2018, reported Bloomberg . This comes even as the government has kept most of the property cooling measures in place. Earlier this month, Morgan Stanley also predicted home prices to increase by two percent this year and 10 percent by end-2018. SEE ALSO: Morgan Stanley: Home prices to rise by 8% in 2018 zxsfdzvfxcxxfvuy “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 home-buying interest from foreigners,” said Vikrant Pandey in a note. This year’s redevelop...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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