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S'pore property prices expected to rebound by as much as 7% in 2018

Stanislaus Jude Chan
Stanislaus Jude Chan12/20/2017 12:26 PM GMT+08  • 3 min read
S'pore property prices expected to rebound by as much as 7% in 2018
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.
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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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