Residential property prices in the wealthy island nation of Singapore could be headed for a sizable correction of up to 20 percent by 2015, according to Barclays. "We believe the risk of a residential property market correction in the next two years is rising, as expected higher interest rates look set to coincide with a large increase in housing supply over 2014-15," Tricia Song, analyst at Barclays...
real-estate
Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Resale prices of private homes in the central area saw the biggest...
Property prices in Singapore are expected to hold up firmly in the third quarter this year, despite sales transactions likely to come in lower in the same quarter - by almost half from the second quarter. This is the expectations of analysts ahead of the release of third-quarter property sector flash estimates by the Urban Redevelopment Authority (URA). Save for a few launches like Tembusu in...
Judging by the regularity with which property analysts have blamed the Total Debt Servicing Ratio (TDSR) framework for the recent less-than-bullish property sales, it appears that we finally have a cooling measure that actually works — notwithstanding the fact that it was never framed as one in the first place. Do we? Although the developers’ sales volume for August of 742 units was 54 per cent...
Demand for new private homes in Singapore surged nearly 54 per cent on-month in August, after the sharp decline seen in July. According to latest figures from the Urban Redevelopment Authority (URA), 742 new private homes were sold last month, compared to the 482 units transacted in July. The best-selling project in August was The Tembusu at Tampines Road with 218 units sold. Including executive...
Real Estate Developers' Association of Singapore (REDAS) says long-term plans revealed by the government recently have opened up "tremendous economic and business opportunities." REDAS president Chia Boon Kuah, speaking at their Mid-Autumn Festival luncheon on Wednesday, noted that Tanjong Pagar and Paya Lebar will be the biggest blank slates for REDAS members to work on since Marina Bay. The...
Several new properties have been launched or opened for preview this weekend but some property developers said sales have been affected by recent loan restrictions. Skywoods condominium at Dairy Farm Road is one of the new properties that has been launched this weekend. It is going at an average of S$1,250 per square foot. Out of 420 units, 150 units are on offer at this phase. At its pre-launch...
Resale prices of private homes have surged to record highs in August. This is despite a slew of property cooling measures introduced by the government, including recent curbs on housing loans. Still, analysts are mixed on their outlook on where private property prices are heading. Prices of private non-landed residential resale units climbed 1.5 per cent last month, according to data compiled by...
Buyers are being drawn to more affordable and smaller units following the government’s latest property cooling measures and stricter loan rules, according to a report from DTZ. During the second quarter, 2,571 buyers (38 percent) opted to buy homes below S$1 million, higher than the 1,835 buyers (31 percent) in the previous quarter. Purchases between S$1 million to S$1.5 million also increased to 33...
Resale prices of private homes climbed 0.2 per cent in July from June, reversing two straight months of declines. In June, resale home prices declined 0.1 per cent from a month earlier. The price growth in July was due to higher prices of transactions recorded in the non-central region and for small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by...