{"id":52051,"date":"2017-04-17T09:39:08","date_gmt":"2017-04-17T02:39:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-spore-property-prices-to-double-by-2030\/"},"modified":"2017-04-17T09:39:26","modified_gmt":"2017-04-17T02:39:26","slug":"morgan-stanley-expects-spore-property-prices-to-double-by-2030","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-spore-property-prices-to-double-by-2030\/","title":{"rendered":"Morgan Stanley expects S\u2019pore property prices to double by 2030"},"content":{"rendered":"


\nView of luxury condominium units in Singapore.
\nWith the property market closer to a bottom, Morgan Stanley expects property prices in Singapore to double by 2030, which works out to a five to six percent increase per annum, reported CNBC.
\nThis comes as the expected increase in transaction volume this year will spur property prices higher in 2018, the bank said in a note last week.
\nSingapore saw private home prices drop 0.5 percent quarter-on-quarter in Q1 2017, or its 14th consecutive quarterly decline.
\nDespite this, Morgan Stanley believes there are already signs of improved buyer sentiment. Park Place Residences, for instance, sold its entire phase one comprising 50 percent of the total 429 units within a day.
\nSupply is also poised to decline 40 percent each year from 2017 to 2018. Notably, private residential supply added about 20,000 units per year from 2014 to 2016, or double the historical average since 1990.
\nAnd unlike property market bears who expect an aging population, the bank expects a growing household formation driven by singles as well as a shift to higher-skilled foreign workers.
\nWith this, Morgan Stanley predicts one in five households in Singapore to be occupied by just one person by 2030, an increase from one in eight in 2010.
\nThe bank also expects the city-state\u2019s economy to grow by about three percent over 2016 to 2030, outperforming other developed economies and supporting income growth.
\n\u201cThe Singapore economy is likely to see a cyclical recovery from better-than-expected external demand,\u201d it said.
\n\u201cGiven that changes in economic conditions have a direct bearing on the property market, the improving macroeconomic outlook would be supportive of a property market recovery.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Morgan Stanley expects S\u2019pore property prices to double by 2030<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of luxury condominium units in Singapore. With the property market closer to a bottom,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52051","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dxx","jetpack-related-posts":[{"id":99832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-home-prices-to-increase-amidst-curbs\/","url_meta":{"origin":52051,"position":0},"title":"Morgan Stanley expects home prices to increase amidst curbs","date":"October 15, 2018","format":false,"excerpt":"\r Housing prices in Singapore are expected to increase by up to 10 percent by the end of next year. Despite the new housing curbs, Morgan Stanley expects home prices in Singapore to increase by up to 10 percent by end-2019 and to double by 2030, reported Bloomberg. Morgan Stanley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-home-prices-to-rise-by-8-in-2018\/","url_meta":{"origin":52051,"position":1},"title":"Morgan Stanley: Home prices to rise by 8% in 2018","date":"September 11, 2017","format":false,"excerpt":"\r The optimistic outlook for the property market is partly due to the slew of en bloc deals since May 2017. Morgan Stanley has released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by two percent this year, before rising again by another\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-property-prices-to-double-by-2030-morgan-stanley\/","url_meta":{"origin":52051,"position":2},"title":"Singapore\u2019s property prices to double by 2030: Morgan Stanley","date":"April 13, 2017","format":false,"excerpt":"\r The Singapore property market's long downtrend is poised to end, with home prices set to double by 2030, Morgan Stanley said.\r \r Source : cnbc.com\r Read more...Singapore\u2019s property prices to double by 2030: Morgan Stanley","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-market-rebound-may-extend-through-2019\/","url_meta":{"origin":52051,"position":3},"title":"Singapore property market rebound may extend through 2019","date":"January 11, 2018","format":false,"excerpt":"\r Analysts believe the four-year slump that has plagued Singapore\u2019s property market may have come to an end as private home prices rose for a second consecutive quarter in the period ended-31 December. In fact, analysts at Credit Suisse expect home prices to grow by as much as 10 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-rise-8-in-2018-morgan-stanley\/","url_meta":{"origin":52051,"position":4},"title":"Home prices to rise 8% in 2018, Morgan Stanley","date":"December 11, 2017","format":false,"excerpt":"\r With an \u201cup-cycle\u201d for Singapore property expected to last until 2020, Morgan Stanley sees home prices rising by as much as eight percent next year, reported Bloomberg. Signs of revival in the property market include the first hike in home prices in four years, record land deal prices, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-september-2017\/","url_meta":{"origin":52051,"position":5},"title":"News Roundup (September 2017)","date":"September 21, 2017","format":false,"excerpt":"\r Our top Singapore property stories. Morgan Stanley: Home prices to rise by 8% in 2018 Morgan Stanley recently released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by two percent this year, before rising again by another eight percent next year, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52051"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52051"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52051\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}