28 May '18, 3pm

New: Property Prices to Double by 2030? 4 Questions on DBS Bank’s Property Report https://t.co/2GBaTOKzkc

By Property Soul (guest contributor) I read with bewilderment an article published on 16 May 2018 in Today titled “New private homes to cost up to S$2,900 psf on average by 2030: DBSreport ”. The five projections made by two DBS property analysts on Singapore’s property projections in 2030 caught my attention: Singapore’s population to hit 6.3 million to 6.5 million Homeowners’ incomes and property prices to grow at compound growth rate of 1.5 percent to 3.2 percent New private homes to cost between S$2,300 and S$2,900 psf by 2030 Demand for private property to be between 12,000 and 16,000 units per year Average size of private units to shrink to 840 sq ft With no intention of pouring cold water on the optimism of DBS, l would like to throw four questions back to the two analysts writing the DBS property report. Question #1: Can Singapore reverse an aging population to rea...

Full article: https://www.propwise.sg/property-prices-to-double-by-2030...

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