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Thread: Singapore Housing Curbs Won't Cool Prices, Morgan Stanley Says

  1. #1
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    Default Singapore Housing Curbs Won't Cool Prices, Morgan Stanley Says

    Singapore Housing Curbs Won't Cool Prices, Morgan Stanley Says

    Prices may rise 10% by end-2019, double by 2030, analysts say

    Faster ecomomic growth, supply shortage to underpin prices


    By Pooja Thakur Mahrotri

    October 12, 2018


    Singapore home prices may rise as much as 10 percent by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to according to Morgan Stanley.

    Home prices rose in four of the five previous rate hike cycles, Morgan Stanley analysts said in a note to clients. Faster economic growth, the city-state’s attraction as a global hub and demand from buyers flush with cash from en-bloc redevelopments will underpin the housing market, they said.

    The bullish outlook came after the latest property curbs prompted the analysts to revisit last year’s forecast that home prices would double by the end of next decade.

    “Contrary to common perception, we believe housing supply/demand dynamics remain favorable, and we anticipate a wave of capital inflows into the housing market,” Wilson Ng and his colleagues said. “Housing supply is still below historical averages and set to fall.”

    The government has emphasized the goal of the property curbs is price stability and sustainable growth in line with economic fundamentals. Morgan Stanley expects policy interventions to apply equally to both up and down-cycles, so if prices decline the government could relax some of the property curbs, the analysts said.

    The government rolled out eight rounds of policy tightening for the housing market as home prices surged 60 percent between 2009 and 2013. It partially removed seller stamp duties in 2017, before re-embarking on curbs in 2018. Because most of the measures from the previous tightening cycle remain in place, this leaves a much wider toolkit to stimulate the housing market should the need arise, Morgan Stanley said.

    Singapore will also stay relevant as a global hub, which will help attract capital inflows into the property market, analysts at the New York investment bank said. A wave of mega-flagship projects, such as a new terminal at Changi Airport, highlight government efforts to enhance Singapore’s competitive edge as a vibrant global city in attracting foreign capital and talent.

  2. #2
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    All the available data nobody interested, need analysts to give forecast ????????

  3. #3
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    What's your view now?
    I still see the market hot

  4. #4
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    Quote Originally Posted by ccreporter View Post
    What's your view now?
    I still see the market hot
    The market is not Hot if you know how they play the land price.

  5. #5
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    [51% Increase in Private Home Sales]

    Open up the newspaper and you'll see the most recent statistics that private property transactions have moved up 51%.


    ABSD increase of 5% is nothing for our foreign buyers. Savvy investors will know that the increased transactions is no surprise at all! The fundamentals of the market is strong. Singapore's economy is doing well, housing market is more regulated, Singapore's tax environment is fantastic for investors and globally markets are fundamentally strong.


    With so many projects launching up ahead, my money is on Kent Ridge Hill Residences its located near the MRT, good rental ability and has a huge future transformation going for it.


    If we bother to read up and gain knowledge for ourselves, we can easily sieve out the good properties from the bad. Don't be like those "wannabe investors" and just blindly buy.


    Investment takes knowledge, time, effort and experience...thats why only a few of us succeed.

    *Disclaimer im not promoting anything here, just sharing my two cents* Below are sources and places you can check out for more information.


    Source:
    http://www.straitstimes.com/business...-up-51-in-sept
    www.thekentridgehillresidencesg.com
    www.teoduoproperty.com

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