25 Apr '17, 4am

Singapore property will 'at best' remain stable in 2017, says DBS executive

Sentiment in the Singapore property market appears to be improving after the government eased some of its curbs on the sector, but unsold inventory will still weigh in the short-term, a DBS executive said Tuesday. Speaking to CNBC's "Squawk Box ," DBS Private Bank Chief Investment Officer, Lim Say Boon, said there could be a small price rebound in the central region due to limited supply, but prices across the island will "at best" remain stable in 2017 due to corresponding demand-supply fundamentals. "Stabilizing does not mean that the inventory already built up will not require some years to work through. They will still need some years to work through the inventory that's already out there," said Lim, who added that a sharp rebound across the board was unlikely. Lim's comments came on the back of budding signs of strength from the property sector. Still, overall private...

Full article: http://www.cnbc.com/2017/04/25/singapore-property-will-at...

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