Without a doubt but that alone is not going to stop buyer demand Since the announcement last month of another bumper crop of land for new residential projects for the first half of next year, there has been a pick-up in the number of comments from the real estate industry raising concerns about a potential oversupply of residential housing. Most developers, though, do not appear to be too concerned as...
Market Reports
Over the last few months, I have explained in this series of commentaries how the Government provides affordable housing for the majority of Singaporeans, and how these flats are not only a home, but also an asset which grows in value to support social mobility and provide for old age. Many readers have said they now understand the issues better and agree with the hard choices that the Government has to...
Good Class Bungalow (GCB) deals in Singapore hit $1.85 billion year-to-date, an increase of 7.3 percent from the $1.72 billion deals recorded last year, according to CB Richard Ellis. Also, at least $100 million worth of GCB deals are expected to be exercised before the year ends. The $1.85 billion worth of GCB deals so far this year includes 101 transactions, slightly lower that the 109 GCBs sold in...
OCBC today said in a new report yesterday that mass-market homes in Singapore are looking expensive, while high-end properties, which are yet to hit their previous peak prices, could be even riskier bets because of their reliance on fickle overseas buyers. "The market may choose to 'dance until the music stops', but in our opinion, it is time to recognise the risks of direct investments in residential...
Singapore is now Asia Pacific's number one city for real estate investment in 2011, according to a global survey led by the Urban Land Institute and PricewaterhouseCoopers (PwC). The city state has overtaken Shanghai, which has seen falling investor interest due to record-high property prices. But Shanghai's property prices could fall by as much as 20 per cent next year. India presents great returns of...
According to property investment house Pacific Star Group, Singapore and Hong Kong are Asia’s most attractive markets for real estate investment. Pacific Star ranked 11 markets in Asia based on several factors including economic outlook, expected total returns, projected property vacancy rates, ease of doing business and socio-political stability. It found that Singapore and Hong Kong got the highest...
Soaring above the Hillview and Bukit Batok estates in District 23, Regent Heights is one of the tallest condominium projects in the area. The 11-year-old development by Bukit Landmark Properties, a unit of Far East Organization, recently saw significant interest from HDB upgraders. “The price in the area is still very affordable,” says DTZ realtor Eric Kang, who was negotiating deals for a couple of...
The property market will take into account the recent cooling measures and adjust to the "new challenges", said Mr Simon Cheong, the president of the Real Estate Developers' Association of Singapore (REDAS). "It is in our interest to see a graduated trend in value movements in order to realise a sustainable environment for real-estate development rather than face the volatility arising from mismatched...
Prices of luxury condos have continued to rise this year but a new rule may soon tie the hands of the developers. Currently many developers have picked their time to launch developments when sentiments are good and decent prices can be charged. But under the rule changes which are expected to come in early next year, they may lose this choice. If they exceed the project completion period on sites bought...
The Real Estate Developers' Association of Singapore (REDAS) has underscored the importance of stable property prices for the country. REDAS President Simon Cheong, was giving a speech at his association's 51st anniversary dinner. He said along with other Asian economies, Singapore is resorting to tightening measures to deal with the threat of an overheating property sector. Prices will be impacted as...