The experts consider next year, the prices of Singapore real estate will have a lot of changes. For instance, Vikrant Pandey at UOB Kay Hian said that it is going to raise from 5 to 10 percent after bottoming out in 2017.

In early September, Morgan Stanley also said that this year, home prices will increase 2%, and in the end of 2018, the number will be 10%.

On Sept 18th, Pandey said: "We foresee the nascent recovery spreading to the mid-range and high-end segments in the next wave, driven by replacement demand from the redevelopment of old housing projects and a pick-up in home buying interest from foreigners".

He explained the en-bloc deals which the developers buy from homeowners (the apartments in older buildings) has passed S$3billion this year. The demand for mid-end and high-end homes will be increased quickly in near future.

For foreign homebuyers, although they have to pay 15% Additional Buyers Stamp Duty (ABSD), the industry experts expect that they will continue to be the major factors in the high-end residential condo segment.

Explain for this, the experts consider because other nations have set some laws that limited the foreign investors. For instance, last year, Hong Kong officials promulgated the additional taxes for the first-time buyers, but doubling its stamp duties on overseas property buyers to 30% to eclipse Singapore's rate.

Adapted from Straits Time Sep, 18th 2017.

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