Immigration is the "wild card" in Singapore's housing demand equation, according to analysts at Credit Suisse. Singapore's low birth rate and market expectations of slow immigration growth have raised questions as to whether property prices are at risk of falling amid a record housing supply pipeline, said Credit Suisse in a research note this week. "In our view, prices are likely to stay flattish as the...
singapore property market
Resale prices of private non-landed homes rose strongly by 3.2 per cent in the third quarter, according to flash estimates put out by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. It said non-landed private resale home prices hit a historic high of S$1,156 per square foot in Q3. This gain is led by a 2.5 per cent on-month increase in prices in...
The government is unlikely to impose new cooling measures in the immediate term, taking into consideration the current economic conditions and the effectiveness of the previous policies, according to Png Poh Soon, Head of Research at Knight Frank Singapore. His comments come after the Urban Redevelopment Authority (URA) released its flash estimates for Q3 2012 which shows that private home prices...
Prices of private residential properties in Singapore rose 0.5 per cent to a new record high in the third quarter of 2012, according to flash estimates released by the Urban Redevelopment Authority. This was the highest quarter-on-quarter rise this year, compared to the 0.1 per cent drop in the first quarter and the 0.4 per cent increase in the second quarter. The increase in Q3 was led mainly by the...
Prices of resale private homes edged up 1 per cent in August, reversing a 0.6 per cent drop in July. This is according to the Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at National University of Singapore. The August statistics show that resale private property prices across the island continued to advance in August over the previous...
Singaporean buyers of luxury homes so far this year have surpassed the total number of similar transactions recorded for the entire 2011, according to The Business Times. A report by DTZ revealed that 46 luxury homes were acquired by Singaporeans year-to-date, exceeding only 40 units last year. The growth was mainly credited to robust numbers in Q2, wherein 31 high-end homes were sold to Singaporeans,...
The overall property price index grew 0.4 percent in Q2 2012 following a 0.1 percent decline in Q1, according to data from the Urban Redevelopment Authority (URA). This was mainly attributed to strong recovery of completed non-landed property prices, which was up 2.3 percent. However, prices of uncompleted non-landed homes slipped 0.9 percent in Q2, indicating a moderation of current high prices as the...
Singapore could introduce a new round of property measures to curb home prices following the US government’s third round of quantitative easing (QE3) that is expected to drive a fresh wave of capital into the city-state, according to The Business Times. The decision by the Federal Reserve to inject US$40 billion into the US economy each month until sustained job growth is achieved may be seen as good...
Demand for new private homes fell in August after recording a strong rebound in July. According to data released by the Urban Redevelopment Authority (URA), 1,421 units of new homes were sold in August, excluding Executive Condominiums (ECs). This was a 27 per cent drop from July's sales. The best seller for August was One Dusun Residences in Balestier. Buyers snapped up 153 units of the 154 units...
A majority of Singaporeans responding to a poll in July said that they are looking to purchase residential property within the next six to 12 months, despite the uncertain economic environment and high prices. The latest Asia Property Market Sentiment Report, conducted by the iProperty Group, surveyed 25,754 people from Singapore, Malaysia, Indonesia and Hong Kong, of which 2,983 were from the...