According to Morgan Stanley, a worldwide well-known financial services firm; costs for Singapore properties begins to rise in 2018 causing a double in numbers once 2030 kicks off.
Most of the home sales will be generated from single-person households yet the protracted lapse in price of these properties at Singapore property » market is bound to end next year.
Common factors causing this growth of property prices are due to aged population, hindered population growth and even constructive growth slowdown to account on the longstanding property market perspective.
In general, this implies 5-6% increment annually which instigates a setback from a long drop in price in home prices for the past 14 quarters.
In the first quarter, overall personal house prices dropped 0.5 percent on-quarter, the 14th straight quarter of declines. This time about, nonetheless, the mass of the decline remained in reasonably small landed property section, while non-landed rates were consistent.