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Property Prices in Singapore to Double by 2030

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Rs. 1.00

  • Property Age: 1-3 years
  • Floor: 10th above
  • Bedroom: 2
  • Bathroom: 2
  • Flat BHK: 2BHK
  • Condition: Semi Furnished
  • Amenities: AC
According to Morgan Stanley, a multinational renowned financial services firm; costs for Singapore properties will start to rise in 2018 leading to a double in numbers when 2030 falls.
Almost all of the property revenues coming from single households though the continuous drop in price of these property developments at Singapore's property market is poised to end next year.
General factors causing this rise of property costs are due to aged population, moderate population growth as well as structural growth slowdown to account on the longstanding property market outlook.
In general, this implies a 5 to 6 percent increment per annum which sets forth a reversal from a chronic drop in price in home prices for the past years.
In the very first quarter, general private house rates fell 0.5 percent on-quarter, the 14th straight quarter of declines. This time around, however, the bulk of the decline was in relatively tiny landed home sector, while non-landed costs were consistent. Go to showflat to know more.

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Posted Date: 5/18/2017

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