Gradual Rise In Home Prices
PRIVATE home prices in most sectors could start to rise gradually this year but high-end property will stay in the doldrums until later next year, according to tycoon Kwek Leng Beng.
Mr Kwek - executive chairman of the Hong Leong Group - said there are many cash-rich buyers waiting for the right time to buy.
'Every time the market turns, some people would get caught out,' he added.
Read the full report in Tuesday's edition of The Straits Times.
Source : The Straits Times, May 25, 2009
