BNP Paribas

Singapore's home prices rise for first time in four years

Singapore’s home prices rose for the first time in four years, snapping a record run of declines and confirming recent signs that the property market is rebounding.An index tracking private residential prices gained 0.5 percent in the three months ended September 30 from the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Monday.A jump in home sales and developers’ aggressive bids for land are stoking optimism that the property market is making

2 October 2017
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BNP: Singapore home prices have bottomed

Singapore home prices have reached a bottom and will rebound, while Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas.“Very significant” income growth will drive the first leg of a recovery in home prices in Singapore, where property ownership as a proportion of household assets is near a record low, BNP’s Asia-Pacific head of research for financial institutions and property Wee Liat Lee said in an interview while visiting the city-state.

27 September 2017
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