Singapore Property Values Expected to Double by 2030

According to CNBC (citing analysis from Morgan Stanley), home prices in Singapore will double by 2030 (a 5-6 percent increase per year). The city-state’s economy is expected to grow by three percent in the medium term (2016-2030). Singapore’s GDP gained 2.9 percent YOY in Q4-2016 and grew by 2.5 percent YOY in the first quarter of 2017. Last year, residential property made up around 45 percent of total household gross assets with about 91 percent of Singapore’s residents owning their homes.

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