According to a recent report by Nomura, those who are currently renting their homes could very well switch, in 2016, to purchasing their homes.

Nomura pointed out that, in comparison to the past, more Singaporeans appear to be making the choice of renting out their Signature at Yishun EC presently. They also believe that in 20016, when it is time for them to renew their contracts, those who started out renting their homes in 2014 will have enough incentive to choose to buy them.

Signature at Yishun EC Renters

This is a sharp contrast against those preferring to rent given that they are expecting a continuation in the fall of rents, while an increase continues in mortgage rates. Add to this a change in policy that will raise the Central Provident Fund ceiling to $6,000, and a leasing environment that has become quite a challenge, some landlords may eventually be …