Property prices could fall as much as 7% in 2017; cooling measures expected to remain

SINGAPORE (Jan 3): RHB says Singapore property prices are expected to fall by between 3-7% in 2017, but there is no relaxation of property cooling measures in sight.

“While property prices have fallen by about 10.8% since peaking in 3Q13 they are still 45% higher than the global financial crisis trough (in 2Q09),” say RHB analysts Vijay Natarajan and Goh Han Peng in a report on Tuesday.

Until the cooling measures are lifted, RHB says it is keeping its “neutral” call on the sector.

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