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,...
real-estate
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...
Now that the United States Federal Reserve has announced its long-awaited tapering of its stimulus, the 800-pound gorilla is removed and investors will likely re-enter the housing market here. Singapore’s private residential market has been lethargic for the past six months after the US central bank in May flagged its intention to unwind its extraordinary stimulus efforts. Investors who have been...
Resale prices of completed non-landed private homes in Singapore fell at a faster pace last month, with weakness across all categories as evidence builds that the Government’s efforts to cool the housing market are working. The Singapore Residential Price Index fell 1.2 per cent to 159.1 points last month from a revised 0.9 per cent decline in September, the National University of Singapore said...
Prices of resale private homes continued to soften in October. According to the flash estimate of the NUS Singapore Residential Price Index (SRPI), overall resale private home prices dipped 1.2 per cent last month. This is compared to a 0.9 per cent on-month decrease in prices in September. The SRPI showed that resale prices for private homes in the central areas fell 1.4 per cent while those...
Market watchers have said that price cutting among developers on new project launches will likely lead to a drop in private residential prices in the fourth quarter. If so, this would be the first quarterly decline since the second quarter of 2009. They added that the price war is also setting in in the resale market. Duo Residences in Bugis is one of several projects that are expected to push...
Developers and their marketing agents for recent property launches must have heaved a sigh of relief as investors returned in droves to the private housing market. Dogged by weak sentiment in the previous three months, many sellers have been losing sleep trying to face up to a market that they believe has reached that dreaded turning point — with prices going downhill henceforth. If feedback to the...
The move to set aside three prime areas for private housing development under the Urban Redevelopment Authority’s (URA) Master Plan makes economic sense and is consistent with the Government’s vision for these areas outlined previously, property analysts said. Under the URA’s Draft Master Plan 2013, which was unveiled yesterday, Marina South, Kampong Bugis, which is near the Kallang River, and a...
Singaporeans can expect some 15,000 new homes in central Singapore, more commercial hubs outside the city centre, and a new waterfront area in the future. These are some of the plans laid out in the Draft Master Plan 2013. The plan guides Singapore's development in the medium term and is reviewed every five years. It was launched on Wednesday by the Urban Redevelopment Authority (URA). New...
Mainland Chinese investors top the list of foreign buyers of private property in Singapore from January to October this year, research published yesterday (Nov 4) revealed. According to numbers compiled by OrangeTee Research, 34 per cent of foreign property-buyers (excluding permanent residents) in Singapore this year were from China. Buyers from China view Singapore as a favourable property...