Singapore property rebound just started
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 per cent this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8 per cent increase, according to reports from the brokerage firms. Private residential prices rose for a second straight quarter in the period which ended on Dec 31, reinforcing signs that the city-state’s property market is emerging from a four-year slump.
