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BNP: S'pore home prices have bottomed, HK's still 'crazy'

'Very significant' income growth will drive the first leg of a recovery in home prices in Singapore

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Property ownership as a proportion of household assets in Singapore is near a record low. This may help boost prices in the next 12 to 15 months, says BNP.

Singapore

SINGAPORE home prices have reached a bottom and will rebound, while Hong Kong's "crazy" housing market will continue to defy gravity, according to BNP Paribas SA.

"Very significant" income growth will drive the first leg of a recovery in home prices in Singapore, where...

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