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Singapore home property prices to rise faster over next 2 years, says Goldman Sachs

Property

Singapore home property prices to rise faster over next 2 years, says Goldman Sachs

Stanislaus Jude Chan Published on Wed, Dec 13, 2017 / 1:22 PM GMT+8

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SINGAPORE (Dec 13): Goldman Sachs says residential property prices in Singapore could beat previous expectations and increase by 5% per annum in 2018 and 2019.

Goldman Sachs had previously forecast that home prices would rise by between 1-3% per annum over the next two years.

The rosier outlook comes on the back of a 0.7% quarter-on-quarter improvement in residential property prices in 3Q17 – the first uptick after 15 consecutive quarters of decline.

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