{"id":66050,"date":"2017-09-11T11:28:53","date_gmt":"2017-09-11T04:28:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-home-prices-to-rise-by-8-in-2018\/"},"modified":"2017-09-11T11:29:21","modified_gmt":"2017-09-11T04:29:21","slug":"morgan-stanley-home-prices-to-rise-by-8-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-home-prices-to-rise-by-8-in-2018\/","title":{"rendered":"Morgan Stanley: Home prices to rise by 8% in 2018"},"content":{"rendered":"


\nThe optimistic outlook for the property market is partly due to the slew of en bloc deals since May 2017.
\nMorgan 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 eight percent next year, reported the Business Times.
\nThis compares with DBS\u2019s forecast of a two percent fall in 2017 and three percent increase in 2018 and another three percent in 2019. OCBC Investment Research, on the other hand, only expects a bottoming out of prices in 2018, with prices falling five percent this year.
\nSEE ALSO: Property market upturn on the horizon
\nIn April, Morgan Stanley analyst Wilson Ng even predicted property prices to double by 2030. Maintaining his earlier forecast, Ng has provided a timeline of the inflexion point, stating that property prices will rise in Q3 2017 instead of early-2018 as he had previously expected.
\nHis optimistic outlook for the market is partly precipitated by a slew of en bloc deals that began entering the market in May 2017. With seven en bloc sale projects already awarded, about 1,500 homeowners are expected to be displaced, each of whom is about $1.8 million wealthier.
\n\u201cWith leverage, this adds up to $13 billion of potential capital inflows that could find their way back into the property market, more than the entire value of developer sales in 2016. More en bloc deals could follow, with 50-60 more currently under discussion,\u201d he said.
\nOther signs of an imminent price recovery are the significant increase in transaction volumes and the milder decrease in private home prices as shown by the Urban Redevelopment Authority\u2019s (URA) second quarter statistics. URA data showed that private home prices dipped by 0.1 percent in Q2 2017 compared to the 0.3 percent fall stated in its flash estimate.
\n\u201cWe think that prices could have risen in late June\u2026The flash estimates do not factor in the last two weeks of June. When URA revised up the number, it implies that in the last two weeks of June, prices have already started rising,\u201d said Ng.
\nMoreover, unsold inventory also plunged to a record 22-year low of 17,000 units in June. And going by the present selling rate, Ng expects them to be cleared in 16 months.
\nThis comes as households that remained on the sidelines during the 2014 to 2016 property lull are now entering the market.
\nNg, however, is unable to tell if prices would double sooner than the 2030 timeline since the new supply from en bloc redevelopments may lead to further shifts in the market.
\n\u201cIt is a time period of about 13 years, so it could be more than one cycle. Could be up-cycle, down-cycle, up-cycle\u2026Micro-markets historically have moved in cycles, so I wouldn\u2019t be surprised if it\u2019s a cyclical move to 2030.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Morgan Stanley: Home prices to rise by 8% in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The optimistic outlook for the property market is partly due to the slew of en...<\/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-66050","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-hbk","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":66050,"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":67079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-september-2017\/","url_meta":{"origin":66050,"position":1},"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":[]},{"id":74222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-rise-8-in-2018-morgan-stanley\/","url_meta":{"origin":66050,"position":2},"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":171708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residential-property-upturn-drives-recovery-in-office-retail-morgan-stanley\/","url_meta":{"origin":66050,"position":3},"title":"Hong Kong residential property upturn drives recovery in office, retail: Morgan Stanley","date":"May 4, 2026","format":false,"excerpt":"\r Hong Kong\u2019s property market is poised for a broad-based recovery as a strong upturn in the residential segment spills over to the struggling office and retail sectors, according to analysts. Morgan Stanley upgraded its forecast for the city\u2019s home prices to a 12 per cent increase this year from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-banks-catch-on-to-hong-kongs-housing-rebound-upgrade-market-forecast\/","url_meta":{"origin":66050,"position":4},"title":"More banks catch on to Hong Kong\u2019s housing rebound, upgrade market forecast","date":"February 24, 2026","format":false,"excerpt":"\r Global investment banks are rallying behind a more bullish view of Hong Kong\u2019s housing market, with JPMorgan Chase and Goldman Sachs joining Morgan Stanley in forecasting double-digit price gains after a stronger-than-expected rebound. Morgan Stanley was the first major bank to forecast a 10 per cent increase in home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-spore-property-prices-to-double-by-2030\/","url_meta":{"origin":66050,"position":5},"title":"Morgan Stanley expects S\u2019pore property prices to double by 2030","date":"April 17, 2017","format":false,"excerpt":"\r View of luxury condominium units in Singapore. With 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. This comes as the expected increase in transaction volume\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\/66050"}],"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=66050"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66050\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}