Speculative buying & housing price growth to decline by year-end: UBS

By Michelle Zhu / The Edge Singapore | September 28, 2018 6:16 PM SGT
SINGAPORE (Sept 28): Singapore’s housing market remains fairly valued even after inflation-adjusted prices have risen 9% over the past year, following six years of correction.
According to a recent report by UBS, housing prices in the city state are currently 5% below their 2011 peak, with its price-income ratio still shy of the long-term average.
UBS’s observations come after Singapore’s surprise regulatory policy tightening announced in July, which the bank expects to dampen investor appetite. Going forward, it is anticipating speculative buying to decline and price growth to decelerate by end-2018, with rising interest rates to limit the upside as well.
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