{"id":2626,"date":"2017-04-14T12:00:33","date_gmt":"2017-04-14T11:00:33","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2626"},"modified":"2017-04-14T12:00:33","modified_gmt":"2017-04-14T11:00:33","slug":"singapore-prices-predicted-surge","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/14\/singapore-prices-predicted-surge\/","title":{"rendered":"Singapore prices predicted to surge"},"content":{"rendered":"<p><strong>Property prices in Singapore are set to double by 2030 according to Morgan Stanley.<\/strong> <\/p>\n<p>&#8220;Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook,&#8221; said the global financial services firm. &#8220;We disagree, and believe home prices will double by 2030.&#8221;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"0bVZZ7cpz2\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/15\/singapore-relaxes-cooling-measures\/\">Singapore relaxes cooling measures<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Singapore relaxes cooling measures&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/15\/singapore-relaxes-cooling-measures\/embed\/#?secret=ctZD1sX7Tz#?secret=0bVZZ7cpz2\" data-secret=\"0bVZZ7cpz2\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In order for the prediction to be realised, <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/24\/singapore-set-remain-sluggish\/\" target>property prices in Singapore<\/a> would need to rise by at least 5% per year from now on \u2013 a huge increase for a market that has suffered a long downtrend.<\/p>\n<p>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.<\/p>\n<p><strong>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.<\/strong><\/p>\n<p>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.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"DNS5gbS9Cw\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/31\/malaysia-attracts-record-numbers-chinese-buyers\/\">Malaysia attracts record numbers of Chinese buyers<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Malaysia attracts record numbers of Chinese buyers&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/03\/31\/malaysia-attracts-record-numbers-chinese-buyers\/embed\/#?secret=rYkpuw9Eyw#?secret=DNS5gbS9Cw\" data-secret=\"DNS5gbS9Cw\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>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 \u2013 a factor that always sees an increase in demand.<\/p>\n<p>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 <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/23\/prices-set-rise-singapore\/\" target>the signs are indeed looking positive<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property prices in Singapore are set to double by 2030 according to Morgan Stanley. &#8220;Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook,&#8221; said the global financial services firm. &#8220;We disagree, and believe home prices will double by 2030.&#8221; Singapore relaxes<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/14\/singapore-prices-predicted-surge\/\" title=\"ReadSingapore prices predicted to surge\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[141],"tags":[239,233,215],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2626"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=2626"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4402"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=2626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=2626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=2626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}