11 Sep '17, 4am

Morgan Stanley: Home prices to rise by 8% in 2018 | Property Market

The optimistic outlook for the property market is partly due to the slew of en bloc deals since May 2017. Morgan Stanley has released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by two percent this year, before rising again by another eight percent next year, reported the Business Times . This compares with DBS’s forecast of a two percent fall in 2017 and three percent increase in 2018 and another three percent in 2019. OCBC Investment Research, on the other hand, only expects a bottoming out of prices in 2018, with prices falling five percent this year. SEE ALSO: Property market upturn on the horizon In April, Morgan Stanley analyst Wilson Ng even predicted property prices to double by 2030. Maintaining his earlier forecast, Ng has provided a timeline of the inflexion point, stating that property prices will rise i...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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via @MultiNews

via @MultiNews

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