economy

Prices of private non-landed homes jump 13.4% in Q4

Resale prices of private non-landed homes jumped 13.4 per cent on-year in the fourth quarter last year, according to flash estimates put out by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. It said non-landed private resale home prices continued its uptrend to hit S$1,233 per square foot in the fourth quarter (Q4), compared to S$1,157 per square...

Hot housing market raises more policy risks: Colliers

Rising private home prices may spell further policy risks amid the hot property sector, noted Colliers International. Flash estimates by the Urban Redevelopment Authority (URA) show that private home prices increased 1.8 percent quarter-on-quarter in Q4 2012, capping the year which saw an overall 2.8 percent rise. This brings prices to an all-time high since the 2009 fiscal crisis. This is still slower...

Leasing of private homes to slow in 2013: forecasts

Rentals for private homes may have hit record prices and volume in 2012, but some market experts said the market will be slower in 2013. Median rents as of October 2012 has reached S$3.75 psf, 14.3 per cent higher than the S$3.28 psf in Jan 2011. Commodities trader Pushkar Jamnerkar will be looking to work and live in Singapore with his family for the second time. However, property prices have spiked...

S’pore economy grows 1.2% in 2012

Singapore's economy grew 1.2 percent this year, hurt by weak US, European and Japanese economies, said Prime Minister Lee Hsien Loong in his New Year message on Monday. "Next year we expect to grow by 1-3 percent. In our new phase, we must expect slower growth than we have become accustomed to," he added. Mr Lee said Singapore has made steady progress in 2012 by improving Singaporeans' lives and...

Iskandar: Boon or bane for Singapore real estate?

Iskandar Malaysia was launched in November 2006 with the aim of developing the southern Johor region into a strong and sustainable metropolis of international standing. With a total area of 2,217 sq km, the region will have five flagship zones including the Johor Baru City Centre, Nusajaya and Senai-Skudai, and will incorporate work, live and play elements. A number of key projects have been planned to...

Robust buying likely to continue but risks higher

As we approach the end of the year, analysts' property market forecasts for 2013 and beyond are coming in thick and fast. From the reports I have read, it is quite a mixed bag - some are negative while others are mildly positive. The forecasts in themselves are not really as important as the reasons cited to back them up. The reason I say this is that given the uncertain and abnormal global environment, I...

Top property havens 2013

With the global residential market expecting a brighter outlook in 2013, some international property hotspots are beginning to emerge. In a recent report in My Paper, property analysts recommended several destinations that could provide lucrative investments to Singaporeans. First on the list is London, UK, regarded as a safe haven for property investment despite the decline in prices in past years....

Amid low rates, REITs soar as business trusts struggle

With investors desperate for yield in a prolonged low-rate environment, shares of trusts have surged in Singapore and elsewhere in Asia. But that enthusiasm has been largely focused on real estate investment trusts (REITs) and has not been reflected in demand for business trusts. In Singapore, 90 per cent of the assets in a REIT must be fully developed and already drawing income. Business trusts,...

S’poreans more optimistic despite property price concerns

With expectations that HDB and private property prices will climb in the next half year, the property Affordability Sentiment Index (ASI) of PropertyGuru's latest Property Sentiment Survey dipped further in Q3 2012. The study, which was done in collaboration with Blackbox Research, polled around 1,000 Singaporeans and found that 69 percent of respondents believe that HDB flat prices will rise in the next...

Signs of weakness in Asian property markets

Global housing markets posted mixed signals during the full year ending Q3 2012 according to the latest survey of global house price trends by the Global Property Guide. The bad news is strongly concentrated in Europe as the scale of the European downturn, the sheer size of the downward pressure, continues to surprise. Seven of the 10 Asian housing markets included in the survey performed more poorly...

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