President and CEO of CapitaLand, Lim Ming Yan, reportedly said in Feb that following a pickup in home sales, Singapore housing prices may rise as much as 10 percent in 2018. A housing bubble though is unlikely. Mr Lim is not alone in predicting increases in housing prices here. According to analysts at Credit Suisse Group, private home prices may rise as much as 10 per cent this year, while brokerage firms Morgan Stanley and OCBC Investment Research said that they expected 8 per cent increase in 2018. Orange Tee, has now weighed in on the topic if housing price increases and said that a housing bubble is unlikely to develop in Singapore despite the increases in property prices, fueled by higher land cost and robust demand. Compared to the peak of HDB resales transactions in previous years, the HDB resale volume is significantly down now. The Government’s recent property cooling measures like TDSR and SSD will also prevent a housing bubble from forming.... Continue Reading