The Iskandar region is facing a home supply glut due to a large number of projects led by Chinese developers, which could compress rental yields down the line, said the head of Malaysia’s national representative body for property developers. “Over the past 12 to 18 months, we’ve seen developers from a certain country introducing a lot more units than Malaysian and Singaporean developers usually...
General
Prices of private residential properties in the third quarter of 2014 fell by 0.6 per cent from the previous quarter - the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Wednesday (Oct 1). The price decline was observed across all segments of the non-landed private residential property market, URA said. Prices of landed properties declined by 1.7 per cent,...
Prices of resale flats fell by 1.6 per cent on-quarter in the third quarter of 2014, according to flash estimates from the Housing and Development Board. HDB on Wednesday (Oct 1) announced that its flash estimate of the 3rd Quarter 2014 Resale Price Index (RPI) is 192.5, a decline of 1.6 per cent over the previous three months. The RPI for the full quarter and more detailed public housing data will...
More than 1,000 strata-titled retail shops are estimated to be completed in Singapore over the next 12 months. According to consultancy Chestertons, this will account for 42 per cent of the supply pipeline between now and 2019. The concern is whether there is enough retail demand to absorb the supply, particularly units that are not well located. In recent years, there have been more...
A land parcel at Sembawang Road and Canberra Link for an executive condominium (EC) development has received only two bids at the close of tender on Tuesday (Sep 30). The Housing and Development Board (HDB) said Qingjian Realty (Residential) placed the highest bid of S$229.38 million, equivalent to about S$353 per square foot per plot ratio, while the other offer came from the combined bid of S$208.5...
Prices of residential properties may have fallen over the past few months, but they are still too expensive and buyers are increasingly waiting on the sidelines for prices to drop further, a survey has showed. Nearly a quarter, or 22 per cent, of respondents do not plan to purchase property at the moment, up from 10 per cent six months ago, showed a half-yearly Asia Property Market Sentiment Report by...
Architects in the Republic have been urged by the Senior Minister of State for National Development Mr Lee Yi Shyan to innovate in their town planning and design strategies, while rejuvenating older towns and adding newer towns with tighter space constraints. Speaking at the opening of Archifest Conference 2014 on Monday (Sep 29), Mr Lee said innovation is important amid technological advances, evolving...
Real estate players in the Republic can actively grow and export their expertise and technology to cities around the world, Minister for the Environment and Water Resources Dr Vivian Balakrishnan said on Monday (Sep 29). Speaking at the KPMG Global Real Estate and Construction Conference, Dr Balakrishnan drew the analogy of the water industry, which within a decade managed to generate 55 per cent of...
JTC Corporation on Monday (Sep 29) launched two Confirmed List sites at Tuas South Street 9 and Tampines North Drive 1, as well as one Reserve List site at Tuas South Street 6, for sale. The land sales were launched under the second half of the 2014 Industrial Government Land Sales (IGLS) Programme, it announced in a news release on Monday. The two Confirmed List sites are zoned for Business-2...
Resale prices of private homes ended mostly unchanged in August according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Monday (Sep 29). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices had no change in August from the previous month. In July, prices went up 0.1 per cent from a month...