The Monetary Authority of Singapore has introduced strong measures to dampen “euphoria” in the property market.
Property companies such as City Developments and UOL Group Ltd. are among the top performers in Singapore in 2017, with developers collectively on track for their best annual performance in five years.
Analysts at BNP Paribas and Morgan Stanley are among those forecasting that prices will rebound after officials in March boosted sentiment by loosening some curbs.
Singapore property prices have declined for 15 quarters – the longest slide since data was first published in 1975 – as the government rolled out a series of curbs.
Morgan Stanley earlier this month said home prices in Singapore will climb two percent this year and 10 percent by the end of 2018, turning around earlier and rising faster than people expect.