OCBC Investment Study kept in mind, as an example, that total new house sales in July as well as August increased 35 per cent year on year to 3,672, while the take-up price (ie complete sales over complete launches) additionally boosted to 193 percent, from 131 percent over the very same period last year.

Yet amid the sea of bullish sentiment is a minority of careful bears, such as Ku Swee Yong, chief executive of International Building Advisor, who this week likewise launched a paper challenging Morgan Stanley's April projection that Singapore house costs are on track to increase by 2030.

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