Daily Briefing: Property prices to double by 2030; Fund managers slam dual-class shares plan

And Air France expands in Asia with SIA tie-up.

From CNBC via Yahoo!: 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% increase per annum and would mark a reversal from a long downtrend in home prices.

From Bloomberg via Yahoo!: International investors including BlackRock Inc. and the Ontario Teachers Pension Plan have voiced their concerns about moves to allow dual-class share listings in Singapore, saying they risk damaging the city’s stock market and harming the region. Dual-class shares will almost certainly prove to be counterproductive for Singapore and “likely trigger a race to the bottom regionally,” the Asian Corporate Governance Association, an industry group whose members also include listed companies, as well as insurance and accounting firms, said in a response to Singapore Exchange Ltd.’s consultation on the plan.

From Reuters via Yahoo!: Air France-KLM has signed a code share deal with Singapore Airlines to boost its network to Asia, following a similar move by rival Lufthansa with Cathay Pacific as European airlines battle back against rival Gulf carriers. Both Air France and Lufthansa have been vocal critics of the Gulf airlines, saying their expansion has led them to terminate services to destinations in the Middle East, Asia and in particular India over recent years.

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