Singapore home prices seen reversing after a long downward trend

Singapore

FOR the first time in four years, more analysts seem to be agreeing that the Singapore property market is at an inflection point, and on the cusp of recovery.

In a report on Thursday, OCBC Investment Research noted that the Urban Redevelopment Authority's (URA) third-quarter price index is poised to rebound, marking the end of the Singapore housing bear. The URA's flash estimate will be announced next Monday, with official statistics to be released on Oct 27.