OCBC neutral on residential property, predicts -3% to 2% price change in 2019

Singapore

OCBC analysts are taking a cautious stance on Singapore's residential property sector in 2019 on expectations of low-to-negative growth in private home prices.

The brokerage's latest report on the sector projected 2019 price growth to range between -3 per cent and 2 per cent, with an expectation of 10,000 to 12,000 private transaction unit sales next year.

OCBC stated that negative demand drivers might outweigh the positives in 2019. Negative…