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I asked to Apple about this same issue, and they have sent the following message to my inbox:

Hello Raja,
Engineering has determined that your bug report (28489404) and will be closed.

UIScrollView breaks when using autolayout for size on iOS 8 / Xcode 6 GM Seed

Figured I'd answer the question since it's receiving replies up to this day.

The code is autolayouted correctly. As stated in the question, the same code produced a perfect, no warning/errors Scroll View using Xcode 5 and iOS 7, and would break a layout constraint I did not manually create in Xcode 6 GM Seed and iOS 8.

It so seems it was an Xcode 6 GM Seed bug, the same code actually worked seamlessly in future updates of Xcode 6 after the first release, without any constraint breaking.

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