Property market looks weak: Citi’s Global Head Says
THE broader economic backdrop for the Singapore property market generally looks weak in the next 18 months, says Mr Don Hanna, Citi’s global head of emerging markets economic and market analysis.‘The level of economic activity that we foresee in general continues to weaken this year and next,’ he told reporters on the sidelines of Citi’s closed-door Asia Pacific property conference at the Ritz-Carlton Millenia hotel yesterday.
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