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Private residential prices, REITs to see strong sequential growth ahead: Jefferies

Property

Private residential prices, REITs to see strong sequential growth ahead: Jefferies

Samantha Chiew Published on Wed, Apr 04, 2018 / 3:49 PM GMT+8

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SINGAPORE (Apr 4): Singapore’s property sector will see a strong growth, especially in its private residential prices and real estate investment trusts (REIT), according to Jeffries.

The Urban Redevelopment Authority (URA) estimates that the private residential property price index increased 4.3 points from 138.7 points in 4Q17 to 143.0 points in 1Q18, representing an increase of 3.1%, compared to the 0.8% increase in the previous quarter.

This recovery is led by prices of prime properties.

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