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Recovery in private home sales seen spilling over to new year

But uptick expected to come amid falling rents and rising vacancies, leaving property consultants projecting anything from a 3% dip to a 2% rise in prices

Published Thu, Dec 8, 2016 · 09:50 PM

Residential

Singapore

A MILD recovery in private residential transactions could spill over into 2017 - though this comes, ironically, against a backdrop of falling rents and rising vacancies.

This paradox arises mainly from pent-up demand from buyers who have delayed their purchasing decision since the cooling measures of 2013, property consultants said.