The private home rental market is expected to face headwinds in the year ahead, given the large supply of new homes and slower demand due to tighter foreign worker policies. Analysts say rentals, as measured by the Urban Redevelopment Authority’s (URA) Private Residential Rental Index, may plateau and even fall in 2014 - potentially the first drop in four years. The URA’s Private Residential...
singapore property market
Cooling measures, loan curbs and changes to public housing policies. Property analysts said 2013 has plenty of them and the measures are likely to ensure a more stable real estate market next year. They added that private home prices and demand could continue to moderate in 2014. Over 14,600 units of new private homes, excluding executive condominiums (ECs), were sold in the first 11 months of...
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,...
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...
The government will be releasing eight confirmed list sites and 15 reserve list sites under the Government Land Sales (GLS) programme for the first half of next year. The sites can yield up to 11,600 private residential units, including 2,800 executive condominium (EC) units, and 193,000 square metres (sqm) gross floor area (GFA) of commercial space. The number of units for the first half of next...
Demand for new private homes in Singapore jumped 15 per cent in November, led by strong sales from new launches such as Duo Residences in Bugis and Alex Residences at Redhill. According to data from the Urban Redevelopment Authority (URA), 1,228 units of new private homes were sold in November, up from a revised 1,070 units transacted in October. Among the units sold, 214 are located in the suburban...
The Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) said today (Dec 16) that they are releasing five residential sites for sale this month under the 2nd half 2013 (2H2013) Government Land Sales (GLS) Programme. The five land parcels are expected to yield about 3,000 residential units collectively, the HDB and URA said in a joint statement issued this morning. Sale of...
The buying interest for private homes in the city is expected to make a comeback as prices continue to moderate. Some property analysts believe demand for these high-end homes could pick up as early as the middle of next year. But others have said the cooling measures may still weigh on buying sentiment going forward. The brisk sales at DUO Residences at Bugis recently showed that there is still...
The en bloc market has slowed significantly this year as developers turned cautious following the government's cooling measures and loan curbs. The value of en bloc transactions fell to S$1.3 billion so far this year, down from S$1.4 billion in 2012 and S$3.2 billion in 2011, according to property consultant Jones Lang LaSalle. Eunosville is up for en bloc sale for the second time, after its first...