Singapore home prices have reached the bottom: BNP Paribas

They could rebound by as much as 15%.

Bloomberg reports that Singapore home prices have reached a bottom and will rebound, whilst Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA.

Income growth in Singapore will push prices up, where property ownership is near a record low.

This could boost prices by 10-15% in the next 12 to 15 months and lure foreign buyers as well, BNP Asia-Pacific head of research for financial institutions and property Wee Liat Lee said.

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