SINGAPORE (Dec 20): RHB Research believes that Singapore’s residential property prices could rise by 3-7% next year, on the back of strong buying momentum and greater optimism.
“Signs of bottoming in the price market have already emerged with the URA’s 3Q17 residential price index turning +0.7% q-o-q, the first rebound after 15 consecutive quarters of decline,” says analyst Vijay Natarajan in a report on Tuesday.
According to Natarajan, the price rebound could be aided by better job market conditions, with unemployment rate at a low 2.1%.
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