Singapore property prices will rebound 10 to 15% in the next 12 to 15 months

According to a report from Bloomberg, Singapore property prices have reached a bottom and is poised to climb 10 to 15% in the next 12 to 15 months. Very significant income growth will drive the first leg of recovery in home prices in Singapore where property ownership as a proportion of household assets is near a record low. Singapore property prices have declined for 15 quarters. Home values have dropped 12 percent from 2013 peak.

 

Singapore house price
Singapore property prices have declined for 15 quarters from 2013
Singapore Property Prices
Home ownership

Source:

Bloomberg