Singapore Property Analysts Turn Bullish, Predict 10% Price Gain
- UOB Kay Hian expects home prices to rise by 5-10% next year
- Morgan Stanley predicts a 10% increase in prices by end 2018
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After years of declining home prices in Singapore, analysts are expecting a turnaround as early as this year even as most of the government’s property cooling measures remain in place.
Singapore property prices will rise between 5 percent and 10 percent next year after bottoming out in 2017, analyst Vikrant Pandey at UOB Kay Hian Pte said. Morgan Stanley earlier this month said home prices will climb 2 percent this year and 10 percent by the end of 2018, turning around earlier and rising faster than people expect.