Singapore’s property sector will see a strong growth, especially in its private residential prices and REIT, according to Jeffries. In a Wed report, analyst Krishna Guha says, “We maintain our price growth and sales volume forecast for 2018 of mid-single digit and [12,000] units respectively but have an upward bias based on future launches.” Take-up in upcoming launches may also further reinforce the positive sentiment and upward price trajectory. “That said, we are cognizant that higher prices may raise probability of cooling measures,” says Guha. Meanwhile, home purchases by foreigners have increased 44.7% in 2017, accounting for 7.1% of total private home sales. In 1Q18, foreigners constituted 6.5% of total home sales.... Continue Reading