Friday, March 1, 2024
Homereal estateAre Singapore home prices set for a bruising?

Are Singapore home prices set for a bruising?

Singapore's home prices could fall more than expected this year and unwinding cooling measures may not staunch any damage, Nomura said.

Most analysts already expect the city-state's private home prices to decline, forecasting a peak-to-trough correction of around 10 to 15 percent through 2016, with a drop of around 5 percent this year, Min Chow Sai, an analyst at Nomura, said in a note.

But he thinks 2014's pace of decline could surprise, potentially falling more than 10 percent by the end of the year.

(Read more: Is Singapore set for an Icelandic-style crash?)

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