Singaporeans Take Back Mandarin Gardens From Indian Expats

In addition, the 4Q2015 flash estimates for the HDB resale index (134.9) registered a 0.2% enhance (from 134.6 in 3Q2015) - the primary in ten quarters and after a peak-to-trough decline of 9.9% since June 2013. These latest data points have resulted in some commentators suggesting that residential property prices in Singapore are stabilising. While acknowledging the positives associated with these latest data points, we predict it is untimely to recommend a recovery, given the oncoming provide (which ought to result in greater vacancies and decrease rents in 2016) mixed with the prospect of upper short-time period rates of interest.

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