Penthouse in Singapore

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Penthouse in Singapore

newsgprop
After three years of falling prices, 2018 is looking like the year that the Singapore property market's long-awaited turnaround finally gains traction. Analysts reckon that a trough has been reached though they are careful to tamp down excessive optimism.

While market watchers generally agree that prices will move up, their forecasts for the increases vary from as low as 3 per cent to a giddy 15 per cent. Most also agree that resales will drive transaction numbers higher this year than last year.

Sales of new homes, however, are expected to stay at 2017 levels as developers pace out their launches in anticipation of prices going up.

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