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,...
singapore property news
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...
The property market here may be losing its shine, as Singapore falls out of the top five Asia-Pacific real estate investment destinations for next year in a joint survey of industry professionals by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). The PwC-ULI report, Emerging Trends In Real Estate Asia Pacific, found that Singapore fell to seventh place for 2014 from third place this...
It was no surprise that some developers tried to secure adjacent private housing plots in two Government Land Sales tenders that closed simultaneously last Thursday. The only question was how strong the interest would be and whether this batch tender method would help moderate or even lower land prices. The experiment by the Urban Redevelopment Authority (URA) of closing the tenders for the two adjacent...