CIMB expects more demand, more measures in Singapore property space in 2011; recommends staying with office segment.

“Residential prices have surpassed previous peaks, begging the question of how much more prices can rise. If growth remains relentless, we believe harsher administrative measures may be on the cards.”

Notes, supply, slower population growth also likely to be issues to contend with in 2011, risk-reward proposition in residential sector has turned unfavourably after two years of outperformance.

“We continue to place our bets on the office sector, with rents still depressed vs previous upticks. A less daunting supply pipeline and a better job market augur well for reversionary rents.”