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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 property ownership as a proportion of household assets is near a record low, BNP's Asia-Pacific head of research for financial institutions and property Wee Liat Lee said in an interview while visiting the city-state.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
