Singapore property prices could rebound by as much as 20% by 2019, says RHB

By Stanislaus Jude Chan / The Edge Singapore | July 4, 2018 4:22 PM SGT
RHB Research sees a promising outlook for Singapore real estate in the near-term, with property prices expected to rise by as much as 20% by 2019, even as the longer-term sustainability seems uncertain.
“Overall, property prices should rebound by 10-20% over 2018-2019, as the market remains well supported by en bloc liquidity, a stable job market and pent-up demand,” says analyst Vijay Natarajan in a Monday report.
However, the analyst warns that this increase could be unsustainable over the longer-term. “We remain cautious on the longer term outlook and sustainability of such steep price increases, as key long term factors such as population growth (tighter immigration policies), rental market, and divergence in HDB resale prices,” Natarajan says.
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