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Singapore investors more upbeat in Q2 on improved property sentiment

Published on Aug 26, 2014 12:49 PM
 
Pebble Bay condominium at Tanjong Rhu, Singapore. Investor sentiments rose in the second quarter this year to reach their highest point since the start of 2013, buoyed by improved confidence in property investments, a survey by insurer Manulife has found. -- ST PHOTO: JOYCE FANG

SINGAPORE - Investor sentiments rose in the second quarter this year to reach their highest point since the start of 2013, buoyed by improved confidence in property investments, a survey by insurer Manulife has found.

Singapore investors were also more optimistic than many of their counterparts across Asia.

Manulife said on Tuesday that the proportion of survey respondents who think it is a good time to invest in their own home climbed to 40 per cent in the three months to June 30, from 31 per cent in the first quarter.

It said this was likely due to "low interest rates, market stability and, importantly, the view that property prices have corrected to an attractive entry level for investment".

 
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