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Home Property Costs in Singapore to Double by 2030

Description:

According to Morgan Stanley, a worldwide renowned financial services firm; prices for Singapore real estate properties will start to rise in 2018 resulting to a double in numbers by 2030.


 


Nearly all of the real estate sales coming from individual occupant households though the continuous downtrend of these commercial and residential properties at Singapore's property market is expected to stop next year.


 


General factors causing this increase of property launch are because of ageing population, slower population growth and even constructive growth slowdown to consider on the longstanding property market view point.


 


In conclusion, this implies 5% to 6% growth annually which trips a setback from a long drop in price in property prices for the past 14 quarters.


 

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Item(s) published on:
May 20, 2017

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