A recent research report from DBS Bank has stirred heated debate: In 15 years, the average psf price of private homes could exceed S$4,000 — roughly double today’s level!For context, according to URA data, the median psf for non-landed private homes in the first three quarters of this year was just S$2,139.That means — a 1,000 sq ft condo that costs S$2.14 million today could reach S$3.5–4.05 million in 15 years!😱Many people’s first reaction is:“If I don’t buy now, I’ll never be able to afford it later!”Others are skeptical:“Is this forecast realistic? Can prices really rise that long?”🔍 Why is DBS confident about a “price doubling” scenario?The report is built on three main pillars:1️⃣ Stable population growth and steady inflow of foreign talent Singapore’s population has surpassed 6.11 m
SG Home Prices May Double! Impacts on S-REITs & Daily Life?
A recent research report from DBS Bank has stirred heated debate: In 15 years, the average psf price of private homes could exceed S$4,000 — roughly double today’s level! For context, according to URA data, the median psf for non-landed private homes in the first three quarters of this year was just S$2,139. That means — a 1,000 sq ft condo that costs S$2.14 million today could reach S$3.5–4.05 million in 15 years! What’s your take? 1️⃣ I believe it — Singapore property only goes up. 2️⃣ Sounds far-fetched — doubling in 15 years is too much. 3️⃣ Doesn’t matter to me, I’m investing in REITs.
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