Tag Archives: Piyush Gupta

DBS BANK: Home prices may drop 15% this year

Singapore home prices may fall by 10-15 per cent this year as government cooling measures and tougher limits on borrowing continue to dampen the property market, DBS CEO Piyush Gupta said today (Feb 14). According to Mr Gupta, stress tests carried out by DBS showed that it can easily withstand a 30 per cent reduction in Singapore home prices.

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