Sales of new private homes fell 11.6 per cent in April despite more property units being launched. Excluding executive condominiums (ECs), property developers sold 745 units last month compared with the 843 units sold in March, data from the Urban Redevelopment Authority (URA) showed on Monday (May 16). Including ECs, 1,291 units were sold, down from March's 1,328 units. Excluding ECs, 900 units were...
Singapore Property Market Outlook
Investors have been cautious about the property sector amid expectations that the muted residential property market will weaken further. But some property consultants are taking a slightly more positive stance, saying that this situation is temporary. Transaction volumes for private homes have been thin with developers holding back launches or cutting prices. And there's been a recent slew of bearish...
But don't expect prices to fall, say analysts IN another sign of a lull in the private residential property market, developers managed to sell only 795 new homes in the first three months of this year — a hefty 46 per cent decline from the fourth quarter of last year. "This was the second lowest quarter of developer sales since the Sars-stricken quarter" in the first three months of 2003, said DTZ...
Prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months, according to flash estimates released by the HDB. The increase was lower than the 5.7 percent pace in the fourth quarter. The slower rise in resale flat prices comes as no surprise to industry watchers who attribute it to the cautious sentiment in the overall property market. They say buyers are not...
AFTER property fever hit euphoric levels last year, flash estimates from the Housing and Development Board and the Urban Redevelopment Authority (URA) show the growth in real estate is slowing down significantly. The index for the private home market showed prices rose 4.2 per cent in the first three month, down from the last quarter’s 6.8 per cent growth. And looking ahead, some property watchers are...
The sub-prime crisis has intensified the necessary corrections in the property market. But according to Henderson Global Investors, there's an upside to it. The asset management firm, which has some $117 billion worth of assets under its wing, is positive on the medium term outlook for the global property sector. The likelihood of a US recession and the current global credit crisis is hurting investor...