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Morgan Stanley sees 8% home price hike in 2019 despite cooling measures

Published Fri, Oct 12, 2018 · 09:50 PM

Singapore

MORGAN Stanley has predicted an 8 per cent increase in private home prices in 2019 despite cooling measures introduced in July to tame the market, a projection that stands in stark contrast to other research houses' much tamer outlook.

The investment bank foresees a 2 per cent price increase each quarter in 2019, the bank said in a research note on Friday.

In comparison, DBS Bank's Derek Tan said that 2019 price is "likely to be flat or slightly down given the measures" as his base case, while RHB Bank predicted a 0 to 2 per cent increase for next year.

While it noted that "the market remains unconvinced about the housing market's near-…

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