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Private home prices to drop 5-15% over 2016-2017: OCBC

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Published Fri, Dec 18, 2015 · 09:50 PM

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OCBC Investment Research said it expects private home prices to slip 5 to 15 per cent over 2016-2017 and 2016 primary residential sales to remain muted at between 6,000 and 9,000 units.

Residential rents could also drop 8-15 per cent over two years, analyst Eli Lee said in his report on Friday.

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