Singapore prices predicted to surge

 

Property prices in Singapore are set to double by 2030 according to Morgan Stanley.

“Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook,” said the global financial services firm. “We disagree, and believe home prices will double by 2030.”

https://www.buyassociation.co.uk/2017/03/15/singapore-relaxes-cooling-measures/

In order for the prediction to be realised, property prices in Singapore would need to rise by at least 5% per year from now on – a huge increase for a market that has suffered a long downtrend.

Prices rose more than 60% in Singapore from 2009 to 2013, resulting in the government introducing a range of cooling measures in 2011 in a bid to prevent a bubble from forming.

But, in March, the Singapore government scaled back some of those curbs, a fact that Morgan Stanley believes to be a positive signal that the property market is close to the bottom.

The financial services firm also expects supply to decline. Private residential supply added around 20,000 units a year between 2014 and 2016, twice the historical average since 1990. But, in 2017 and 2018, supply levels are set to fall 40% each year, it noted.

https://www.buyassociation.co.uk/2017/03/31/malaysia-attracts-record-numbers-chinese-buyers/

The bank also noted an increase in single unit households, and a shift toward higher-skilled foreign workers. It predicted that by 2030, one in five households in Singapore would be occupied by just one person, up from one in eight in 2010 – a factor that always sees an increase in demand.

Couple this with the signs that buyer sentiment has already picked up (one recent development launch saw its entire first phase sold out within a day) and the signs are indeed looking positive.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Singapore prices predicted to surge

Singapore prices predicted to surge

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.