Colliers International said private home prices are expected to remain relatively stable with marginal downside this year, thanks to the government's latest cooling measures imposed in January 2013. In the face of mounting supply, rents are also expected to weaken this year. According to a report by Colliers International, average monthly gross rents of luxury/super-luxury homes are expected to decline...
Market Reports
They should be more calibrated, rather than one-size-fits-all: Developer Property developer GuocoLand, the Singapore-listed firm controlled by Malaysian billionaire Quek Leng Chan, would like to see a more calibrated approach to property cooling measures by the Government rather than a one-size-fits-all approach. Said its newly-appointed Chief Operating Officer, Mr Cheng Hsing Yao: “In a global...
Q Bay Residences at Tampines has sold 312 out of its 510 launched units as of Monday, after its launch last weekend. The project is jointly developed by Fraser and Neave (F&N), Far East Organization and Sekisui House. It is the first private residential project to be launched since the latest round of property cooling measures introduced by the government. According to a statement released by...
Property analysts said developers will probably have to get more creative in order to move sales after the introduction of new cooling measures recently. One developer told Channel NewsAsia that it is planning to complete its condominium project a year ahead of schedule to entice buyers. To date, 380 of the 500 units launched at La Fiesta at Sengkang have been sold. There are 810 units at La Fiesta in...
National Development Minister Khaw Boon Wan says "plenty" of housing units are coming on stream, with about 200,000 units to be built by 2016. Of these, about 80,000 are private properties, 10,000 are Executive Condominiums and 110,000 are HDB units. Mr Khaw said this is equivalent to the building of four new Ang Mo Kio towns by 2016. He made the comments in a blog post, "Enough Homes for All", on...
Asking prices of private resale homes appear to be holding up right after the new cooling measures kicked in over the weekend. But some analysts said sellers may be forced to lower their expectations if sales volume stays thin and developers cut prices of new units in the market. Following the implementation of new cooling measures, some analysts have said the resale property market will be "quiet" or...
Luxury property prices in Singapore are not about to come crashing down following the latest government cooling measures. With demand for high-end properties already depressed, experts said the new policies will unlikely drag prices lower. Traditionally dominated by rich foreigners, the expected comeback of investors from China may prop up prices in this segment. With 34 out of 66 units at The Marq on...
More than 210 units were sold at Q Bay Residences at Tampines during its preview on Friday. The development is the first private residential project to be launched since the latest round of property cooling measures kicked in last weekend. The most popular units were the "one- to two-bedroom suites", followed by the three- and four-bedroom "Verandah Homes" for large families and the TRIO units. In a...
As public debate raged over the irony of Executive Condominiums (EC) priced at more than S$1.5 million being snapped up by buyers supposedly from the sandwiched class, Minister for National Development Khaw Boon Wan weighed in on the matter on Jan 7 in a blog posting titled "Who gets short-changed?" Although he started out by addressing oversized ECs and their prices, Mr Khaw quickly went on to the...
According to property analysts, home prices near the proposed new MRT lines are unlikely to increase in near future. Market watchers say the announcement of a new MRT line could generally prop up prices of homes in the area by 3 to 5 percent. But the response to the announcement of the expanded rail network on Thursday may be more muted. News of the new MRT lines would have generated more excitement...