Credit Suisse said its recent survey found that majority of the respondents expect property prices in Singapore to continue to rise and more cooling measures to come. According to its inaugural proprietary housing survey, six in 10 home buyers believe that there'll be more cooling measures, with 40 per cent of them expecting measures to be introduced in the next 12 months. Credit Suisse noted that buyers...
Market Reports
The proportion of foreign and company private home buyers has fallen from 20 per cent in 2011 to 7 per cent in the first half of 2012. The National Development Ministry said this could be attributed to earlier rounds of cooling measures and the Additional Buyers' Stamp Duty (ABSD) imposed in December. Still, experts pointed out that property prices and volumes remain at record levels. Developers may...
The proportion of private residential properties bought by foreigners and companies has fallen sharply - from about 20 per cent in 2011 to 7 per cent in the first half of this year. Short-term property speculation has also fallen sharply, as indicated by the relatively low volume of sub-sales. And private home prices moderated significantly, rising marginally by 0.3 per cent in the first half of 2012...
Property developers will launch some 8,000 new private homes over the next six months, according to analysts' estimates. While there are small risks of oversupply in the horizon, market watchers told Channel NewsAsia that private property prices should remain stable this year. A consortium comprising Hong Leong Group, City Developments and TID Residential won the tender for the site at Mount Vernon in...
Private home prices recovered to hit a new high in the second quarter, rising on the back of an increase in the prices of resale units rather than those at developer sales, a permutation that helps to allay concerns over the sustainability of the market. According to the Urban Redevelopment Authority's (URA) flash estimates, overall private residential property prices rose by 0.4 per cent in the second...
Residential property purchases made by foreigners from countries exempted from ABSD (additional buyer’s stamp duty) rose in 1H2012, according to data released by CBRE. These foreign buyers, including permanent residents (PRs), hail from the US, Iceland, Liechtenstein, Switzerland and Norway – countries that have free trade agreements with Singapore. CBRE noted that the group accounted for 3.1 percent...
Malaysians have outpaced the Chinese as the top overseas buyers of Singapore properties, according to data compiled by the Urban Redevelopment Authority (URA) and CBRE Research. In 1H2012, Malaysians accounted for 27.6 percent of all foreign purchases, while buyers from China comprised 20.3 percent. In comparison, the Chinese took pole position in 2H2011 at 29.6 percent with Malaysia trailing at 18.7...
Since 2009, private homeowners in Singapore have greatly benefitted from the recovery in the property market. A report by Square Foot Research revealed that owners received at least S$20.3 billion in gross profit since late 2009 based on caveats data. This explains the strong sales figure of S$60.1 billion recorded during the period, noted the report. Square Foot added that actual figures could be a lot...
Prices of private homes rose marginally by 0.4 per cent in Q2 2012, according to the Urban Redevelopment Authority's flash estimates. In Q1 2012, private residential properties saw the first quarterly price fall of 0.1 per cent since Q2 2009, following nine consecutive quarters of declining price increases. URA said prices of non-landed private residential properties increased by 0.6 per cent in the core...
Prices of resale private homes in Singapore climbed 1.5 per cent on-month in May, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). This marked the third consecutive monthly increase in the overall private home market. While prices rose in all Singapore regions in May, those in the non-central area rose most sharply, by 2.2...