Morgan Stanley thinks that property prices in Singapore will double by 2030.
Is a good time to buy investment property now?
No one can say what the future holds with total confidence. Of course, people could and some would continue to make predictions for any number of reasons.
I do know that there were times in the past and also the recent past when we could get rental yields of 5% and even close to 6% in Singapore for a residential property. Although it does not adhere to the Rule of 15, in Singapore, that is probably pretty good.
Now, we are probably looking at rental yields of around 3% or, often, even lower and I have said before that this only looks attractive because of the very low interest rate environment. I don’t know but did Morgan Stanley say interest rates are rising? …