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UOB Kay Hian bullish on S'pore residential, office segments

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The effect of interest rate hikes subduing the property recovery is likely to be overblown, said UOB Kay Hian analysts. "Mortgagors can easily switch over from floating to fixed rate schemes which have been benign."

Singapore

They noted the strong pick-up in sales momentum and pricing in the residential sector in 2017. This was led by the luxury segment (transactions above S$3,000 per square foot), which first showed signs of recovery in early 2016.

The residential recovery was also driven by

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