Today's renters could turn buyers in 2016

Singapore

HOME renters today could switch to buying in 2016, Nomura said in a Monday report.

More Singaporeans seem to be opting to rent their private homes these days compared to before. For those who started renting their private homes in 2014, when the time comes to renew their contract in 2016, analyst Sai Min Chow believes that there will be enough impetus for them to buy instead.

This contrasts against people's current preference to rent, since they expect rents to continue to fall, and mor…