16 Sep '17, 9pm

Property market to rise or fall 30%? Sure, I've heard that one before

Property market to rise or fall 30%? Sure, I've heard that one before

As a home owner who is of age to sell my home and downgrade, I should be delighted by recent news that points to an uptick in the property market. The value of my home should rise - nay, double - according to a Morgan Stanley report, by 2030 when I am about due to retire. I should start counting my retirement chickens today. But I've been a journalist and casual observer of the property market long enough to maintain a dose of scepticism whenever headline-grabbing forecasts - bullish or bearish - appear. Is the property market here bottoming out? Will it rise 2 per cent this year and 8 per cent next year to double by 2030, as Morgan Stanley predicts? Even Morgan Stanley's research peers disagree. According to a Business Times (BT) report, DBS expects prices to fall 2 per cent this year, before rising 3 per cent next year and another 3 per cent in 2019. OCBC Investment Rese...

Full article: http://www.straitstimes.com/singapore/property-market-to-...

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