Despite the latest round of cooling measures, prices of Singapore properties are likely to appreciate for the next two years.
According to U.S. investment house Morgan Stanley, the prices of Singapore private properties are expected to increase by as much as 10 percent by the of 2019.
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The prices are also on track to double by 2030 due to faster economic growth, Singapore’s attraction as an international hub and demand from buyers flushed with cash from recent en bloc sales, based on an earlier report by Morgan Stanley.
“Contrary to common perception, we believe housing supply/demand dynamics remain favourable, and we anticipate a wave of capital inflows into the housing market. Housing supply is still below historical averages and set to fall,” said Mr Wilson Ng, an analyst at Morgan Stanley.