Chart of the Day: Check out how home sales are projected to spike in 2016

Cooling measure lifting might be coming to town.

Singapore’s struggling property sector has been clamoring for cooling measure easing for as long as developers can remember, and 2016 might be their year.

According to analysts from Maybank Kim Eng, the city-state might be seeing a home-sales rebound next year.

“Singapore’s property market is past the worst of policy tightening, in our view,” Maybank Kim Eng said.

Maybank Kim Eng says Singapore’s home sales could improve by more than 30% to almost 800 units next year, and even more home sales await succeeding years.

“There is a likelihood that the government may start to roll back cooling measures in the year ahead. This may revive home sales and remove a critical overhang for developer stocks,” Maybank Kim Eng said.

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