Housing demand, prices will continue to moderate: UOL

UOL Group, which posted 69 per cent year-on-year improvement in first-quarter net earnings, said residential property demand and prices will continue to moderate on the back of the cumulative effect of the various cooling measures.

It noted that the Urban Redevelopment Authority's private home price index eased 1.3 per cent in Q1 2014 over the preceding quarter.

"Rentals of office space are expected to move upwards amidst rising market confidence. Rentals of retail space are expected to remain stable," the property and hotel group said in its results statement.