Colliers International said private home prices are expected to remain relatively stable with marginal downside this year, thanks to the government's latest cooling measures imposed in January 2013. In the face of mounting supply, rents are also expected to weaken this year. According to a report by Colliers International, average monthly gross rents of luxury/super-luxury homes are expected to decline...
singapore property prices
Asking prices of private resale homes appear to be holding up right after the new cooling measures kicked in over the weekend. But some analysts said sellers may be forced to lower their expectations if sales volume stays thin and developers cut prices of new units in the market. Following the implementation of new cooling measures, some analysts have said the resale property market will be "quiet" or...
Luxury property prices in Singapore are not about to come crashing down following the latest government cooling measures. With demand for high-end properties already depressed, experts said the new policies will unlikely drag prices lower. Traditionally dominated by rich foreigners, the expected comeback of investors from China may prop up prices in this segment. With 34 out of 66 units at The Marq on...
According to property analysts, home prices near the proposed new MRT lines are unlikely to increase in near future. Market watchers say the announcement of a new MRT line could generally prop up prices of homes in the area by 3 to 5 percent. But the response to the announcement of the expanded rail network on Thursday may be more muted. News of the new MRT lines would have generated more excitement...
Singapore can possibly take a leaf out from other jurisdictions to look at how they curb rising property prices. Member of Parliament for Holland-Bukit Timah GRC, Christopher De Souza, said this includes learning from Hong Kong and Australia. Speaking in Parliament on Monday, Mr De Souza added that both jurisdictions are potential reference points for Singapore to refine its property measures. He also...
Resale prices of private non-landed homes jumped 13.4 per cent on-year in the fourth quarter last year, 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 continued its uptrend to hit S$1,233 per square foot in the fourth quarter (Q4), compared to S$1,157 per square...
Despite the government’s efforts to control property prices, Singapore home prices continue to climb. Hence, analysts expect to see more cooling measures from the government to avoid a property bubble. Driven by high demand and low interest rates, prices will likely rise by eight percent between now and 2017, according to property analysts at Credit Suisse. They noted that interest will remain flat...
As the market moves closer to the peak of incoming supply, private home prices in Singapore could decline by up to five percent while demand remains robust at around 20,000 units, said DBS Group Research. Moreover, the government is set “to release policy review papers on population, infrastructure and land use (Concept Plan and Master Plan) this year”. DBS said that this may provide “some...
Prices of new private homes in Singapore rose to a new record in the fourth quarter of 2012. This comes on the back of rising demand for private homes in the sub-urban areas. Preliminary data from the Urban Redevelopment Authority (URA) showed a 1.8 per cent quarter-on-quarter increase to a record 211.9 points in the fourth-quarter period from the previous quarter. But prices increased by about 2.8 per...
Prices of completed non-landed private homes surged 1.9 per cent last month from the previous month, accelerating sharply from October's 0.8-per-cent rise, according to the advance estimates of the Singapore Residential Price Index (SRPI) released yesterday. According to the SRPI, developed by the National University of Singapore's Institute of Real Estate Studies, homes in the Central region led gains...