Property market froth and monetary easing hopes spill over into economist forecasts
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PRIVATE home prices may keep climbing well into the next year, while some watchers are still holding out for a weaker Singapore dollar nominal effective exchange rate (S$NEER).
This is even as private-sector analysts have bumped up their full-year economic outlook, in the findings of the latest Monetary Authority of Singapore (MAS) quarterly poll put out on Wednesday.
Recent resilience in real estate has "positive consequences for domestic demand recovery", noted Prakash Sakpal, Asia senior economist at ING.
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