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Thank you for your Padlet submission and your articles and analysis interesting.  You may want to include the government intervention to cool the property market.  Policies such as TDSR, ABSD etc.  These have proven to be effective in reigning the property price averting high inflation on property and possibility on other commodities.  Well, hope to receive you Padlet report.

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Thank you for your Padlet submission and your articles and analysis interesting.  You may want to include the government intervention to cool the property market.  Policies such as TDSR, ABSD etc.  These have proven to be effective in reigning the property price averting high inflation on property and possibility on other commodities.  Well, hope to receive you Padlet report.

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MIEC Group Project brief (April 2017 Semester)

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Release of 1st Quarter 2017 real estate statistics

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Price increases are expected in the future so people want to act now and treat purchases as investments which will end up in profits in the future.
It can also be seen as an increase in demand from a growing population and limited land supply to cause the price hike

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The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note.

"Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook," the note said. "We disagree and believe home prices will double by 2030."

That implies a 5 to 6 percent increase per annum and would mark a reversal from a long downtrend in home prices.

In the first quarter, overall private home prices fell 0.5 percent on-quarter, the 14th straight quarter of declines. This time around, however, the bulk of the decline was in relatively small landed property segment, while non-landed prices were steady.

The city-state's housing prices surged more than 60 percent from 2009 through 2013, propelled by rock-bottom global interest rates and quantitative easing in developed economies, even as the government enacted a series of cooling measures from 2011 to prevent a bubble from forming.

But in early March, the government scaled back some of the curbs, including lowering the seller's stamp duty and shortening the minimum holding period to avoid it.

Morgan Stanley said that was a signal the property market was closer to the bottom, which should improve buyer sentiment.

There were signs buyer sentiment has already picked up: One recent launch, Park Place Residences, sold its entire phase one, initially set at 40 percent of the 429-unit total before being raised to 50 percent, within a day.

The bank expected sales volume would surge this year, with the increases in transaction volumes to spur prices higher next year.

Supply was also set to decline, the bank noted. From 2014-16, private residential supply added around 20,000 units a year, twice the historical average since 1990, it noted. But in 2017-18, supply levels were set to fall 40 percent each year, it said.

The property market in Singapore can be closely watched for economic and investment implications.

Morgan Stanley noted that around 91 percent of Singapore's resident households own their homes, with residential property around 45 percent of total household gross assets last year.

Additionally, Asian investors tend to have large allocations to property in their portfolios.

While property bears were pointing to an aging population, Morgan Stanley noted a rising household formation rate driven by singles, and a shift toward higher-skilled foreign workers.

It estimated that by 2030, one in five Singapore households would be occupied by just one person, up from one in eight in 2010.

Additionally, it expected "a combination of bequest motives, lease buyback schemes, and shifting manpower trends assuage property market selling pressures that come as the population ages."

It also expected that Singapore's medium-term economic growth potential of around 3 percent over 2016-2030 meant it would outperform other developed economies and support income growth.

On Thursday, Singapore reported first-quarter gross domestic product (GDP) grew 2.5 percent on-year, down from 2.9 percent in the fourth quarter of 2016.

"The Singapore economy is likely to see a cyclical recovery from better-than-expected external demand," the note said. "Given that changes in economic conditions have a direct bearing on the property market, the improving macroeconomic outlook would be supportive of a property market recovery."

-By CNBC.Com's Leslie Shaffer; Follow her on Twitter @LeslieShaffer1

Follow CNBC International on Twitter and Facebook.

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Singapore's property prices to double by 2030: Morgan Stanley

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The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note. "Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook," the note said.

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According to tradingeconomies.com, Singapore's prices for consumer goods increased 1.4% in May 2017. As the prices increase, the real income of consumers decrease as they are able to buy lesser items with the same amount of income. Furthermore, private housing is a luxury good, making it price elastic. According to the law of demand, the price of a good is inversely proportional to the demand of the good. As a result, due to a fall in the real income of consumers, the demand for private housing will decrease, as seen in the article, where demand for private housing decreased by 34% from April to May.

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SINGAPORE - Demand for new private homes in Singapore weakened in May over April amid fewer units launched for sale.

Developers sold 1,024 new homes - excluding executive condos (ECs) - down by 34 per cent from the 1,558 shifted in April, said the Urban Redevelopment Authority (URA) on Thursday (June 15).

Sales were also marginally lower than the 1,058 units moved in May 2016.

New units in suburban areas led May's sales with 617 transactions, followed by 341 in the city fringe and 66 in the core central region.

The top-selling private residential project last month was Parc Riviera in West Coast Vale, which moved 83 units at a median price of S$1,246 psf.

In the executive condominium (EC) segment, 370 new units were transacted last month, down slightly from the 371 sold in April.

Sol Acres EC in Choa Chu Kang was the best performer in the segment, selling 116 units at a median price of $794 psf.

This brought total new home sales in May to 1,394 units.

Developers placed just 339 new units on the market last month, compared with the 1,616 launched in April. No new ECs were launched last month.

The number of new units launched in May was sharply lower than the 1,345 units put out in the corresponding period in 2016.

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Demand for new private homes fall 34% in May from April amid fewer launches

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SINGAPORE - Demand for new private homes in Singapore weakened in May over April amid fewer units launched for sale. Developers sold 1,024 new homes - excluding executive condos (ECs) - down by 34 per cent from the 1,558 shifted in April, said the Urban Redevelopment Authority (URA) on Thursday (June 15).

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Statistic for decrease in housing sales.

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Statistic for decrease in housing sales.

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Singapore Inflation Rate - November 2022 Data - 1962-2021 Historical

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Singapore’s annual inflation rate stood at 6.7% in November of 2022, unchanged from October’s four-month low reading but above market estimates of 6.45%. There were rises in cost of housing (5.6% vs 5.9% in October), largely due to accommodation; transport (14.9% vs 15.5%), linked to private transpo…