GuocoLand and Wheelock

Wave of recovery to spread to mid and high end properties: UOB

SINGAPORE (Sept 18): Singapore property prices are expected to rise by 5-10% next year after bottoming out this year as the nascent recovery spreads to the mid-range and high-end segments in the next wave, says UOB Kay Hian.

This is driven by replacement demand from buyers who have sold their homes in en bloc sales and a pickup in homebuying interest from foreigners, says UOB Kay Hian lead analyst Vikrant Pandey in a Monday report.

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