Fourth-quarter data released last Friday by the Urban Redevelopment Authority (URA) point to a massive, unprecedented wave of upcoming supply in the residential, commercial and industrial segments, sounding a clear warning to investors who may have entered the market recently at high prices. RESIDENTIAL OVERHANG Four quarters ago, the expected private home completions for last year and this year were...
Market Reports
Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the...
Fewer non-PR foreigners picked up private homes in January, as opposed to December when it had spiked, according to preliminary figures. A DTZ Research caveat analysis revealed that foreign buyers’ share grew from 16 percent in November to 23 percent in December. However, January’s figures fell to merely three percent. The caveat pool for January though is much smaller with only 131 so far, but more...
January’s private home sales may have improved from the mere 632 units sold in December, as developers could have sold about 1,700 to 1,800 private homes, not including executive condominiums (ECs). Sales dropped 53 percent year-on-year and 63 percent month-on-month in December, down from the 1,702 units sold in November. If ECs, a private-public housing hybrid are counted, December’s sales would hit...
Small apartments in Singapore saw prices grow more than twice as fast as those of larger apartments in the Central Region last year. Prices of larger apartments outside of the Central Region also showed the same trend which, although similar to 2010 figures, was more noticeable last year. The sub-index for small apartments on the island (which covers those of up to 506 sq ft) climbed 11.8 percent in 2011,...
Prices of residential property in Singapore fell by 0.8 per cent on-month in December, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). This compares with a 1.4 per cent increase in November. The index covering small units of 506 square feet and below registered a 3.4 per cent increase. The NUS SRPI Small Index was down 0.8...
URA residential priceindex up 0.2% in Q4; pace of increase the weakest since Q3 2009 The rise in private home prices in Singapore slowed to a crawl in the fourth quarter last year, with property analysts saying the data showed that the market had peaked as they forecast prices to fall 5 to 10 per cent this year. While the Urban Redevelopment Authority's (URA) said yesterday its private residential...
Property watchers have said the bull run experienced by Singapore's housing market may have reached its peak. Latest data showed that home prices continue to soften and transaction volumes have dropped. 24,633 public flats changed hands last year, a 24 per cent drop in volume over 2010, and the lowest resale volume in the past 10 years. The Housing and Development Board (HDB) said the average annual...
The rate of increase in property prices has continued to moderate, with private home prices rising just 0.2 percent in Q4, lower than the 1.3 percent increase seen in the previous quarter, according to latest figures released by the Urban Redevelopment Authority (URA). “This moderation in private property prices can be attributed to the multiple rounds of cooling measures implemented by the government...
Singapore’s property sector is changing, with new home sales by developers taking up an increasing share of the private housing market. According to caveats lodged with the Urban Redevelopment Authority (URA), primary market sales and those of executive condos (ECs) accounted for 46 percent of all property deals last year, the highest level since 2003. The remaining 54 percent were made up of secondary...