{"id":67079,"date":"2017-09-21T16:00:11","date_gmt":"2017-09-21T09:00:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-september-2017\/"},"modified":"2017-09-21T16:03:14","modified_gmt":"2017-09-21T09:03:14","slug":"news-roundup-september-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-september-2017\/","title":{"rendered":"News Roundup (September 2017)"},"content":{"rendered":"


\nOur top Singapore property stories.
\nMorgan Stanley: Home prices to rise by 8% in 2018
\nMorgan 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 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.
\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.<\/p>\n

Wong urges real estate industry to embrace digital innovation
\nNational Development Minister Lawrence Wong recently urged valuers in Asean countries, including stakeholders in the real estate industry, to embrace digital innovations, reported the Straits Times.
\nUnlike the media distribution and travel industries, digital innovation has not had much impact on the retail sector. Nonetheless, things are beginning to change, noted Wong.
\nHe pointed to the Canada Mortgage and Housing Corporation, which leveraged on its property information database to develop an automated risk assessment system.
\n\u201cThe real estate industry, including the valuation sector, must adapt to change, and transform in the face of digital innovation,\u201d said Wong at the launch of this year\u2019s Asean Valuers Association Congress.
\n\u201cThere are also new opportunities for valuers in other melds such as business and intellectual property valuation.\u201d
\nWith the theme Valuation \u2013 Real Estate and Beyond, the two-day event saw speakers presenting papers on key topics including valuation of green and smart buildings and new accounting standards on valuation.
\n\u201cIncreasingly, valuation of non-tangible assets such as intellectual property, service contracts, and proprietary data, are also becoming more important when valuing businesses.\u201d
\nThis is partly driven by digital innovation as well as the continued growth of the services sector, which makes up over 50 percent of many Asean countries\u2019 gross domestic product, explained Wong.
\nEstablished in 1981, the Asean Valuers Association has five founding members \u2013 Singapore, Thailand, Indonesia, Malaysia and the Philippines. Over 250 delegates from Asean countries and counties such as Fiji, China and South Korea attended the 20th edition of the Congress.
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\nThis article was first published in the print version PropertyGuru News & Views. Download PDFs of full print issues or read more stories now!<\/p>\n


\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…News Roundup (September 2017)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Our top Singapore property stories. Morgan Stanley: Home prices to rise by 8% in 2018...<\/p>\n","protected":false},"author":1,"featured_media":67080,"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-67079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/09\/footer_011-1.gif?fit=710%2C9&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hrV","jetpack-related-posts":[{"id":66050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-home-prices-to-rise-by-8-in-2018\/","url_meta":{"origin":67079,"position":0},"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":99832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-home-prices-to-increase-amidst-curbs\/","url_meta":{"origin":67079,"position":1},"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":74222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-rise-8-in-2018-morgan-stanley\/","url_meta":{"origin":67079,"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":52051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-spore-property-prices-to-double-by-2030\/","url_meta":{"origin":67079,"position":3},"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":[]},{"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":67079,"position":4},"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":66800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-home-prices-to-rise-10-next-year\/","url_meta":{"origin":67079,"position":5},"title":"Analysts: Home prices to rise 10% next year","date":"September 19, 2017","format":false,"excerpt":"\r More redevelopment deals and increased foreign buying interest is expected to drive demand for Singapore homes. Fuelled by redevelopment deals and an increase in foreign buying, UOB Kay Hian expects home prices in Singapore to bottom out this year and climb by five to 10 percent in 2018, 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\/67079"}],"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=67079"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/67080"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}