Singapore property bulls ignore MAS warning into 2018

Singapore

PROPERTY developers in Singapore may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank's warning on a potential oversupply may not play out for years.

After double-digit gains this year, Morgan Stanley sees a 42 per cent jump in shares of CapitaLand, the nation's largest developer, and a 24 per cent increase in City Developments, the second-biggest, in the next 12 months.