Singapore Home Prices Not Set for ‘Big Bump,’ CapitaLand Says
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Houses and residential buildings stand in the Newton area of Singapore.
Photographer: Wei Leng Tay/BloombergThis article is for subscribers only.
Singapore home prices are unlikely to stage a rapid rebound after the government imposed further property curbs in mid-2018, the finance chief of the city-state’s largest developer said.
“If we see a 5 percent increase in home prices I think that will be a pretty good year for the Singapore residential market,” CapitaLand Ltd. Chief Financial Officer Andrew Lim said in an interview with Bloomberg Television on Wednesday. “The severity and extent of the measures in July caught us by surprise.”