Singapore property prices expected to move up, fuelled by en bloc market

Singapore

PROPERTY prices are expected to move up in the coming months and now may be a good time to start looking if you have not bought your property, said Carmen Lee, head of research for OCBC Investment Research, during a briefing on the mid-year market outlook on Friday.

The rosier outlook for the Singapore property market could be fuelled by the collective sale market, which has seen three major en bloc sales within a week, which would take about 800 to 900 units off the market.

Ms Lee said: "If we look at this versus last year, when the en bloc market was actually very slow, you know that the interest coming into the market in the next six to nine months and then 12 months will perhaps be quite aggressive from these 900 people who need to look for new u…