A number of analysts have predicted a drop in Singapore’s home prices due to a large supply of land coming onstream and tighter monetary policy from the US Federal Reserve. But a study by Credit Suisse that was reported in The Business Times predicts that prices will rise some eight percent by 2017. “Contrary to the view of many, our analysis shows that prices will only correct marginally by 2017, if...
singapore property
Resale home prices of both non-landed private residential units and HDB flats continued to climb to new highs in October and November against the third quarter 2012. But according to data released by the Singapore Real Estate Exchange (SRX), the rental market for private homes is showing signs of softening. As a result, overall gross rental yield dropped to a six-year historic low of 3.77 per cent in the...
Towering 43 storeys high on the edge of the city centre, Echelon ascends as the peak of luxury in Alexandra/Redhill estate. Conveniently located within a minute walk to Redhill MRT station, Echelon offers its residences the ultimate ease of accessibility to all parts of Singapore. Perched admidst a horizon that displays a stunning greenery and city landscape, Echelon’s contemporary twin towers are...
The Republic is no longer the region's top destination for real estate investment and development opportunities, according to a report co-published by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). In the report, called Emerging Trends in Real Estate Asia Pacific 2013, the Republic fell to third place in the rankings, losing the top place it held for the last two years to Jakarta. "The...
Property developers expect land prices for private homes in Singapore to scale higher. This may add to their woes as they are already faced with increasing development costs and rising unsold units. Soon, all private homes in Singapore can no longer be called "mass market" developments. This according to the President of the Real Estate Developers' Association of Singapore (REDAS), Wong Heang Fine, who...
The Ministry of National Development (MND) will find it hard deciding on land supply to be allocated for private housing projects in 1H2013, said property experts. It will have to balance several factors such as looming supply glut, record home sales, an economic slowdown and developers’ keen appetite for land. “The quandary the authorities will face is that in the short run, demand chases supply....
Private resale home prices rose by 1 per cent in October, marking a similar rate of increase seen in September. The figures are part of the latest Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at the National University of Singapore (NUS IRES). In its report, NUS IRES said that property cooling measures have had "transient effects" on housing...
The government is expected to offer a steady supply of land for residential developments in the first half of 2013. Property-watchers said the sites offered this year have seen strong interest from developers, pushing land prices up by an average of some 10 per cent on-year. To meet demand, the government has ramped up its land sales programme this year. For both the first and the second half of 2012,...
The number of private home sales in Singapore could drop by more than 20 percent in 2013 after “spectacular” increases this year. David Neubronner, Head of Residential Project Sales for Jones Lang LaSalle (JLL), issued the warning this week, suggesting that the number of sales this year, which is expected to reach 22,000 units, will correct to “more healthy levels of about 16,000 units” in a...
It has been a pulsating year for Singapore's private housing sector, with homebuyers' aspirations remaining firm even as prices and volumes defy conventional market cycles to hit record highs, but there are signs that the market is now heading towards equilibrium. In today's market, speculation no longer drives the property buyer following the implementation of sellers' stamp duty in January last year for...