Ku Swee Yong dives into the details of the OCR to get a clearer view of where property prices in Singapore are trending As a follow up to "Massive home supply to hit outskirts" (Today, June 24), I'd like to take a closer look at the residential transactions in the Outside Central Region (OCR). In the June 24 commentary, I was concerned that "the proportion of units in the outskirts and mid-tier locations...
singapore property market
Investment sentiment in the Singapore property market remains positive but there are few core assets for sale. That's according to property consultants DTZ Research. It found that investment in properties held firm in the second quarter, with S$8.3 billion of value transacted. That's higher than the S$8 billion of transactions recorded in the first quarter. On a year-on-year basis, DTZ said investment...
Property consultancy firm Savills is expecting 10,000 new homes to be launched in the second half of the year, according to the company’s latest report. The projects will primarily come from the Government Land Sales (GLS) programme, with most of the homes aimed at the mass market segment. Savills noted that this year’s supply of new private homes will surpass 2010’s 18,000 new homes, according to...
Most indicators are pointing to a gradual moderation in the property market in Singapore. But latest figures showing a 1.4 per cent month-on-month growth in home loans have got some analysts wondering if the outlook is as clear cut. Latest figures from the Monetary Authority of Singapore (MAS) showed that building and construction loans growth in May fell 13 per cent month-on-month to S$59 billion. New...
Views of the Singapore River are commanding a premium today. On June 3, a penthouse unit of 5,511 sq ft at The Trillium on Kim Seng Road was sold for $12.4 million, or $2,250 psf. Within a week, a second unit, slightly smaller at 1,798 sq ft, was sold for $3.4 million, or $1,908 psf. The Trillium penthouse transaction is the highest so far for the development in terms of price psf. The development has 236...
Prices of HDB resale flats have increased 2.9 per cent in the second quarter of this year compared to the previous quarter. Flash data released on Friday by the Housing and Development Board (HDB) shows that its resale price index in the second quarter this year came in at 179.9. The rate of price growth in the second quarter is higher than the previous quarter's 1.6 per cent hike. HDB said it is on...
Private home prices in the second quarter rose at a slower pace than the previous quarter indicating that the red-hot property market might be cooling down. This is according to the latest flash estimates from the Urban Redevelopment Authority (URA). The price index rose 1.9 per cent to 202.8 points, compared with the 2.2 per cent increase in the previous quarter. URA said the rate of price increase...
The expected surge in the supply of new Housing and Development Board (HDB) flats and private homes over the next few years will not lead to a housing glut in 2013/ 2014, according to a recent Citigroup property report that made news for its contrarian view. Citigroup's analysis looks at Singapore's housing stock in totality, taking into account both private and public housing, saying they are closely...
Home buyers - especially those buying for owner-occupation rather than investment - have frequently commented: "I want to wait for the next downturn before I purchase my home." They have been saying this for the past 12 to 18 months. Till today, they remain adamant about the impending downturn of the property sector. If they are lucky - lucky of the Big Sweep kind - a sharp downturn might come soon....
The rise in private home prices in Singapore has accelerated, reports released yesterday showed, as the Government again reminded buyers of the large supply in the pipeline in a bid to calm the market. The NUS Singapore Residential Price Index (SRPI) gained 2.5 per cent last month from April, following a revised 1.1-per-cent rise in the previous month. The SRPI is a transaction-based index that tracks the...