The rapid transformation of the political environment in Myanmar has spurred an even more rapid surge in economic activity and the serviced apartment sector will continue to benefit from the influx of new businesses because of a scarcity of quality housing for expatriate businessman and professionals. According to the Asian Development Bank (ADB), Myanmar’s economy grew by 6.3 per cent last year,...
singapore property market
74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline. According to a recent survey conducted by property website iProperty Group, 60 per cent of the Singapore respondents have called for additional cooling measures. This compares to 27 per cent who do not want further cooling measures. The portal...
Sales of new private homes in Singapore plunged in July. Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June. Market watchers had anticipated the sharp drop in sales transactions on the back of new loan curbs introduced on 29 June and the lack of new major project launches in July. The...
Property analysts expect new private home sales in Singapore to likely plunge by some 63 percent in July. And they say the sharp drop in sales volume is partly due to new property loan restrictions implemented on June 29. Two projects - J-Gateway and Jewel@Buangkok - accounted for more than half of the 1,806 new homes sold in June. But sales in July are expected to weaken considerably. Based...
The Population White Paper released earlier this year drew public ire with its projection that the population in Singapore could reach 6.9 million by 2030, a figure that most agree would put a tighter squeeze on resources in an already crowded city. While it brought demographic challenges into the spotlight, the White Paper stoked an underlying concern which resonated among many Singaporeans: The price...
Sentiment within the real estate market has been hit hard by various cooling measures implemented by the government, with industry players anticipating an unfavourable business climate for the rest of the year. A net weighted balance of 41 per cent of property firms surveyed by the Department of Statistics expect business to slow down in the second half of the year, due to the recent implementation of...
Demand for private homes in Singapore has been robust since 2009, pushing home prices to record high. To curb price increase, the government has implemented seven rounds of property market cooling measures since September 2009. Real estate consultancy Savills said home prices would have gone up by an additional 9.2 per cent in 2012 over 2009 if not for these measures. Speaking at an industry...
Resale prices of private homes slipped 0.4 per cent in June from May, the second straight month of declines. In May, resale home prices edged 0.2 per cent lower from a month earlier. The price dip in June was largely due to price falls in the central region and small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the National University of...
Prices of private residential properties increased by 1.0 per cent in the second quarter of 2013. The increase in Q2 prices was higher than the flash estimate of a 0.8-per cent rise. In the first quarter, the price growth was 0.6 per cent. This is according to the latest figures released by the Urban Redevelopment Authority (URA). Prices of non-landed properties in the core central region dipped...
Demand for new private homes in Singapore rose in June, according to latest data from the Urban Redevelopment Authority (URA). 1,806 new units were sold during the month, up 24 per cent from May, when 1,455 units were sold. Including executive condominiums (ECs), 2,119 new homes were transacted in June, compared to 1,912 units sold in the previous month. The strong sales was driven primarily by...