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Maybank Kim Eng said there are three factors that could help Singapore bump up the demand supply outlook for its residential market, reported Singapore Business Review.
Firstly, the country could review its long-term population target established in 2013, where growth was capped in response to the infrastructure shortfall seen in recent years.
SINGAPORE - Singapore's economy grew by 3.7 per cent in 2013, Prime Minister Lee Hsien Loong said on Tuesday, as he stressed the need for a balanced approach on foreign workers, whose presence has underpinned growth but riles some citizens.
"Our economy has done well. It grew by 3.7 per cent in 2013 - better than initially expected," Lee said in his New Year message.
The 3.7 per cent growth for 2013 cited by Lee is in line with the official forecast of 3.5 per cent to 4.0 per cent growth announced in November. In 2012, Singapore's economy grew by 1.3 per cent.
