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Morgan Stanley expects S'pore property prices to double by 2030 Romesh Navaratnarajah • April 17, 2017 With the property market closer to a bottom, Morgan Stanley expects property prices in Singapore to double by 2030, which works out to a five to six percent increase per annum, reported CNBC. This comes as the expected increase in transaction volume this year will spur property prices higher in 2018, the bank said in a note last week. Singapore saw private home prices drop 0.5 percent quarter-on-quarter in Q1 2017, or its 14th consecutive quarterly decline. Despite this, Morgan Stanley believes there are already signs of improved buyer sentiment. Park Place Residences, for instance, sold its entire phase one comprising 50 percent of the total 429 units within a day. Supply is also poised to decline 40 percent each year from 2017 to 2018. Notably, private residential supply added about 20,000 units per year from 2014 to 2016, or double the historical average since 1990. And unlike

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