Rents for non-landed private housing in Singapore continued to slide last month to their lowest level in two years, and landlords may find it increasingly difficult to secure tenants, with more supply entering the market in the coming months, analysts said. Rents for condominiums fell 1.3 per cent last month, the fifth straight monthly decline, to their lowest level since December 2011, a preliminary...
Market Reports
rices of resale private homes fell for a fourth month in December as prices weakened by a further 0.2 per cent, according to the latest data from the Singapore Real Estate Exchange (SRX) which compiles data from property agencies in Singapore. The city area saw the steepest decline at 2.3 per cent, followed by the suburban region, which dipped 1.0 per cent. Resale prices of private homes in the city...
The weakening Housing and Development Board (HDB) resale market is expected to weigh on the private property market, as upgraders will have less money at their disposal when looking for a new home. “There will be an impact on the private housing market because upgraders are typically former HDB flat owners. So, with the HDB resale market slowing down, we may see a smaller number of upgraders moving on...
Private home prices in Singapore fell for a third consecutive quarter in the longest losing streak in five years as cooling measures and mortgage restrictions continued to slow the market, but the rate of decline moderated, suggesting the curbs are likely to stay in place, analysts said. Overall prices of private residential properties declined by 1.1 per cent in the three months to June from the...
Analysts expect the private landed residential property market to remain fairly muted in 2014, following a 0.1 per cent fall in overall prices last year. Property agency PropNex said the landed homes segment is not likely to see any strong price growth anytime soon. Prices of landed homes have started to correct since 2012, rising 3.4 per cent after two years of double-digit growth. The Total Debt...
Singapore's bid to tame the red-hot property market is showing signs of cooling. Private home prices fell in the fourth quarter of 2013 from the previous three months, its first decline in nearly two years. Preliminary data by the Urban Redevelopment Authority showed the private residential property price index fell 0.8 per cent in the October-December period to 214.5 points. This ended six...
The private home rental market is expected to face headwinds in the year ahead, given the large supply of new homes and slower demand due to tighter foreign worker policies. Analysts say rentals, as measured by the Urban Redevelopment Authority’s (URA) Private Residential Rental Index, may plateau and even fall in 2014 - potentially the first drop in four years. The URA’s Private Residential...
Cooling measures, loan curbs and changes to public housing policies. Property analysts said 2013 has plenty of them and the measures are likely to ensure a more stable real estate market next year. They added that private home prices and demand could continue to moderate in 2014. Over 14,600 units of new private homes, excluding executive condominiums (ECs), were sold in the first 11 months of...
Singapore's property sector, which has benefited from rising home prices and loose monetary policy in recent years, could face stronger headwinds in 2014, say analysts. 2013 has turned out to be a challenging year for property stocks. Apart from concerns about household leverage and effects of the pullback in US stimulus measures, the property market has been hit by further cooling measures,...
National Development Minister Khaw Boon Wan has said that while the property cycle cannot be completely eliminated, the government can try to keep housing bubbles "less bubbly" by intervening. Writing on his Facebook page on Monday, Mr Khaw said that is the right thing to do, even if it may make some developers and home sellers unhappy. Ireland's property prices peaked in 2007 in tandem with a...