Singapore shares are expected to trade higher in the coming weeks as home prices surge due to renewed interest in the property sector, said dealers.
The blue-chip Straits Times Index saw a 0.27 percent rise, closing at 2,715.34, up by 7.22 points from the previous week.
Last week, the median volume per day had a share of 1.70 billion valued at 1.35 billion Singapore dollars from 2.01 billion shares worth 1.50 billion dollars the week before.
Private residential home prices increased by 15.8 percent in Q3 ended September 2009 after a decline for four consecutive quarters, based on a data released by the government on Friday.
With Capitaland gaining 15 cents to 4.35 dollars, Keppel Land, 5 cents higher at 2.82 dollars and City Developments up 22 cents at 10.26 dollars, the leading property developers closed stronger Friday.