The government is unlikely to impose new cooling measures in the immediate term, taking into consideration the current economic conditions and the effectiveness of the previous policies, according to Png Poh Soon, Head of Research at Knight Frank Singapore. His comments come after the Urban Redevelopment Authority (URA) released its flash estimates for Q3 2012 which shows that private home prices...
General
The Republic will work towards consolidating all its container port activities at a new facility in Tuas, creating a more efficient operation at a single location while also freeing up prime land for redevelopment. Announcing the long-term plan, Minister for Transport Lui Tuck Yew pointed out that the port leases for the City Terminals at Tanjong Pagar, Keppel and Pulau Brani expire in 2027 but shipping...
Strong housing demand and a buoyant resale market have pushed up the resale prices of public housing flats by 2 per cent in the third quarter of 2012 over the second quarter. The Housing and Development Board (HDB) said on Monday that its flash estimate of the 3rd Quarter 2012 Resale Price Index (RPI) stood at 197.9. This was the sharpest increase so far this year for the RPI, which tracks the general...
Prices of private residential properties in Singapore rose 0.5 per cent to a new record high in the third quarter of 2012, according to flash estimates released by the Urban Redevelopment Authority. This was the highest quarter-on-quarter rise this year, compared to the 0.1 per cent drop in the first quarter and the 0.4 per cent increase in the second quarter. The increase in Q3 was led mainly by the...
Prices of resale private homes edged up 1 per cent in August, reversing a 0.6 per cent drop in July. This is according to the Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at National University of Singapore. The August statistics show that resale private property prices across the island continued to advance in August over the previous...
Singapore's population has increased, due to growth of both the resident and non-resident populations. The Department of Statistics (DOS), in its Population Trends 2012 report released on Friday, said the country's total population stood at 5.31 million as at end June 2012, up 2.5 per cent from a year ago. It said there were 3.29 million Singapore citizens and 0.53 million permanent residents, and the...
Industrial real estate investment trusts (REITs) remain attractive investments, OCBC Investment Research said yesterday as it kept its "overweight" call, citing their healthy debt maturity profiles, increased investment activity and high yields. In OCBC's research update, analysts Kevin Tan and Eli Lee said that industrial landlords continued to be very engaged in their capital management...
Leading industrial landlord JTC Corp is launching three sites for sale by tender today under the Confirmed List of the Industrial Government Land Sales (IGLS) programme. The largest plot, at Serangoon North Ave 5, is zoned for Business 1 development and has a 30-year lease. It sits on about 0.75 ha and has a maximum permissible gross plot ratio of 2.5. The other two sites at Tuas South St 8, have shorter...
China has sufficient land supply for residential projects and there are no signs of the market overheating, the Shanghai Securities News reported yesterday, citing an unnamed official from the Ministry of Land and Resources. While the pace of land transactions has picked up in the last two months, the base prices and premiums have been in line with general trends, said the official. In last month and...
The Housing and Development Board (HDB) is increasing its new flat supply for 2012 by 2,000 units, boosting the number of Build-to-Order (BTO) flats for the year to 27,000 -- up from the originally planned 25,000. This is the biggest ever launch of new flats in a year. The news comes as HDB launched on Thursday 7,055 flats for sale under the joint BTO and Sale of Balance Flats (SBF) exercises in both...