LIKE their non-landed counterparts, since the third quarter of 2013, or the immediate term after the implementation of the Total Debt Servicing Ratio (TDSR) regime, the landed property market has seen declining prices and transaction volumes. We will analyse this market by looking at some statistics for the period from the first quarter of 2013 to August 2016. From this analysis, we come to realise that...
Market Reports
FLASH estimates released by the Urban Redevelopment Authority (URA) for the private residential property price index on Monday showed a 1.5 per cent decline for the third quarter of 2016. This compares with a 0.4 per cent decline in the second quarter. Prices of non-landed private residential properties declined by 1.8 per cent in the core central region (CCR), compared to the 0.3 per cent increase...
PRICES of high-end residential homes are bottoming out on the back of a host of reasons such as a significant volume pick-up, return in foreign interest, relatively cheaper pricing compared to global peers and a limited supply in the medium to long term. This is according to the projections of JPMorgan, the latest among market watchers to call for a bottom in the high-end segment here. A list of some...
PRICES of completed private apartments and condominium units here generally eased in August over July, with the Non-Central Region faring worst. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Singapore Residential Price Index (SRPI) series released on Wednesday. NUS' data showed that the sub-index for Non-Central Region (excluding small units of...
AT its recent mid-Autumn festival lunch, the Real Estate Developers' Association of Singapore (Redas) flagged the nearly 21,500 unsold private residential units in the pipeline as at the second quarter, and warned that if industry experts expect only between 7,500 and 8,500 units to be sold by year's end, it would take about three years for the market to sop up these unsold units. Indeed, official...
PRICES of completed private apartments and condominium units in Singapore fell 0.6 per cent in August over the preceding month. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Wednesday. Last month's decline in the index contrasts with a 0.3 per cent month-on-month gain in July 2016,...
The private home market returned to the doldrums in August, with sales of new condominiums down 56.6 per cent from the previous month, according to data from the Urban Redevelopment Authority (URA) released on Thursday (Sep 15). Excluding executive condominiums (ECs), property developers sold 473 units in August, less than half of the 1,091 units sold in July. Including ECs, 805 units were sold, down...
IN a move seen as boosting the transparency of the property market, the Urban Redevelopment Authority (URA) will from this month require developers of delicensed projects to submit the net prices of units sold. The URA will use this data to compute its widely-watched private home price index from this quarter. This will align the price information for developers' sales in delicensed projects with the...
THE Urban Redevelopment Authority (URA) will include sale transactions of delicensed residential projects in the computation of its quarterly private-home price index. This was announced by Real Estate Developers Association of Singapore (Redas) president Augustine Tan in his speech at the association's mid-autumn festival lunch on Wednesday. "I am pleased to note that through dialogue with Redas,...
Never mind that Singapore is experiencing one of the worst property slumps in its history, demand for luxury housing is suddenly coming from an unexpected group: wealthy Indonesians. This year's purchases by Indonesian nationals of homes valued at S$5 million or more have already nearly quadrupled from last year's total. The stepped-up buying coincides with the passage of a law in Jakarta aimed at...