Singapore Property Rebound Just Starting as Prices Seen Jumping

Credit Suisse, Morgan Stanley see home prices rising in 2019
Housing recovery will extend through 2019, Morgan Stanley says

Residential buildings stand in the Bedok area of Singapore, on Saturday, June 3, 2017. Hunger for Singapore land is adding to signs the city’s housing market is making a comeback after three years of declining prices. With new home sales surging after an easing of property restrictions in March, developers are becoming more aggressive in bidding at land auctions.Photographer: Sanjit Das/Bloomberg

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By Pooja Thakur Mahrotri

January 10, 2018 at 2:53 AM UTC

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Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices.

Home prices may rise as much as 10 percent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8 percent increase, according to reports from the brokerage firms.