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Colliers International says 171 properties were set available to be purchased as mortgagee deals in the initial nine months of 2015.

This is a 52.7 per cent increase compared to the same period in 2014, which saw 112 such listings. 32 were landed properties, double the 15 listings in the first nine months of 2014.

For the first three quarters of 2015, sales totaled S$90.8 million, a hike of 54 per cent compared to the first three quarters of 2014. Rising interest rates and the increasing supply of homes for rent were key reasons for the rise in mortgagee sales.

Taken from iProperty

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While developers and agents constantly advise investors to make well-informed decisions when buying overseas real estate, many seem to be making decisions based on gut instinct. Grant Thornton’s new report reveals that gut instinct is responsible for approximately US$250 billion a year in overseas real estate investment.

The financial firm cautions over reliance on instinct without market analysis and research, citing the possibility of investors missing out on emerging opportunities.

According to the report, cross-border real estate transactions during H1 2015 increased by nine per cent, likely an aftereffect of speculators craving to put resources into politically stable areas.

Premonition is specified as a key driving variable when choosing areas for ventures. The Thornton report refers to the significance of distinguishing rising security, as regions that have as of late gotten to be venture/designer inviting offer important open doors as well.

Besides, it says that urbanization gives opportunities. As built up urban communities get to be immersed, lesser known regions are opening up and give speculation opportunities. Financial specialists can advantage by entering these optional markets when expenses of section are lower.

Taken from iProperty

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Sydney's property business market is currently one of the most expensive in the world.. The circumstance is required to change with an approaching inundation of supply. Goldman Sachs' estimate a supply glut of 75,000 homes by 2017.


Accompanying the increase in supply is dwindling demand.

Median prices have recently reached a record high of AU$773,000 (US$544,000) and investors are being constrained by stricter lending requirements and lower yields. .

There are on the other hand, repudiating assessments. Different specialists set that lodging in Sydney is undersupplied, and the new supply addresses this issue.

Harley Dale, business analyst for the Housing Industry Association, says the record number of new houses fabricated for the current year is advancement on comprehending lodging deficiencies. He trusts that no less than 60,000 houses must be assembled yearly in New South Wales for the following two years before the issue of lodging deficiencies can be controlled.

Dr Andrew Wilson, Senior Economist for Domain Group agrees, and includes that Sydney will most presumably face property deficiencies, with reasonableness remaining a key issue.

Taken from iProperty

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BNP Paribas has proposed in a recent report that expenses of private property have not dipped fundamentally in spite of cooling measures, as designers are hesitant to lower costs because of the high cost at which land was obtained. Land has been acquired in recent years at S$400 to S$800 psf.

Prices remain elevated to ensure developer profits. BNP Paribas' report likewise recommends Singapore's lodging business sector may face oversupply from 2016 because of lower interest, including oversupply of private property, tight migration approaches and rising interest rates.

Costs are relied upon to hit the most minimal point in 2018/2019. Expert Chong Kang Ho trusts the base case situation would see the oversupply at the very least in 2020 preceding the circumstance progresses.

With proactive supply cuts and no outer stuns, BNP Paribas trusts the present oversupply cycle won't have as negative an effect as the one somewhere around 1997 and 2006.

Taken from iProperty

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The iProperty Asia Property Market Sentiment Report H2 2015, Asia’s largest consumer property sentiment survey, released on 1 October, sees purchase intent rising, along with an increase in budgets and expectations of relaxed cooling measures.

43 per cent of respondents (up from 38 per cent in H1 2015) intend to buy within the next 12 months; 41 per cent (up from 40 per cent) intend to purchase within one to two years.

Buyers have also increased budgets, with 56 per cent (up from 40 per cent) showing a financial plan above S$800,001 and 20 per cent (up from 17 per cent) with a financial plan above S$1m. 75 per cent of respondents trust that cooling measures will be lifted inside of a year, while 90 per cent trust that will happen inside of the following year and a half.

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Recent rules implemented by the URA dictate developers ensure their showflats are accurate representations of units up for sale before they open them for viewing.

This will apply to all showflats built after 20th July, 2015. As per URA, spot checks will be directed by the Controller of Housing to guarantee engineers comply with the standards.

Ventures first to be influenced by the new guidelines incorporate Criterion EC and Signature@Yishun.

Engineers of The Criterion official townhouse (EC) at Yishun have fused measures, for example, names determining position and thickness of uprooted dividers, and records including materials, completions and fittings.

As indicated by the URA, designers who neglect to consent to new principles can have their licenses suspended or disavowed. They may additionally be fined up to S$5,000, face a prison term of close to 6 months, or both.

Taken from iProperty

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According to JLL, Q3 2015 saw seven residential properties out of ten being sold at auctions, all of which were mortgagee listings.

Auctioned homes fetched better prices this quarter, with residential sales reaching S$13.62 million compared to S$6.83 million in Q2 2015.

All ten properties were successfully auctioned at their first appearance, a marked improvement compared to Q2 2015, when only half of the properties were successfully sold at their first appearance.

Many required multiple relisting before being sold.

Taken from iProperty

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Flash estimates released by the URA on 1 October 2015 revealed that the private residential property index dipped to 142.3 points in Q3 2015, a drop of 1.9 points (1.3 per cent), compared to Q2 2015.

Non-landed private property costs fell across all market segments. Costs in the Core Central Region (CCR), Rest of Central Region (RCR), and Outside Central Region (OCR) declined by 1.3 for each penny, 1.5 for every penny and 1.6 for each penny separately, contrasted with the past quarter.

Costs of Housing Development Board (HDB) resale pads fell also. As per HDB glimmer assesses, the resale value record saw a 0.3 for each penny decrease in Q3 2015. The decrease has backed off in examination to the 0.4 for every penny decay seen in Q2 2015.

Taken from iProperty

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Between April and June home prices in Australia recorded their largest quarterly gain in more than five years, spearheaded by Sydney, which saw its largest rise on record.

The eight capital cities saw a gain in residential property prices of 4.7 per cent on the quarter, the largest increase since Q4 2009.

Sydney private costs jumped by 8.9 for each penny in Q3 2015, bringing about a 18.9 for every penny pick up in Sydney home costs contrasted with 2014. Normal home costs in New South Wales were the most noteworthy in the nation at A$777,400 (S$783,800).

Property data and investigation firm CoreLogi RP Data's month to month report demonstrates that home costs in prevalent territories, for example, Sydney and Melbourne were beginning to cool in August.

With July administrative measures executed to fix home loan giving to financial specialists, late closeout freedom rates point towards the achievement of fixing measures.

Taken from iProperty

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Between April and June home prices in Australia recorded their largest quarterly gain in more than five years, spearheaded by Sydney, which saw its largest rise on record.

The eight capital cities saw a gain in residential property prices of 4.7 per cent on the quarter, the largest increase since Q4 2009.

Sydney private costs jumped by 8.9 for each penny in Q3 2015, bringing about a 18.9 for every penny pick up in Sydney home costs contrasted with 2014. Normal home costs in New South Wales were the most noteworthy in the nation at A$777,400 (S$783,800).

Property data and investigation firm CoreLogi RP Data's month to month report demonstrates that home costs in prevalent territories, for example, Sydney and Melbourne were beginning to cool in August.

With July administrative measures executed to fix home loan giving to financial specialists, late closeout freedom rates point towards the achievement of fixing measures.

Taken from iProperty

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Mr Lock Wai Han, Chief Executive of real estate and investment firm Rowsley believes that concerns regarding an oversupply in Iskandar’s property market are “a bit overblown”.

Mr Lock who addresses TODAY, included that financial specialists have been frightened by news of a huge number of lodging units by Chinese designers in the pipeline. The frightened speculators don't comprehend that these lodging units oblige time to enter the business sector.

Mr Lock specified that "[developers] need to recover the ocean, let the area settle ... so this will be eliminated over a more extended timeframe, however I feel that sort of informing has not been passed on to the business sector. So when the business sector hears that sort of numbers, it's a bit spooked".

Rowsley has reported arrangements to have its Vantage Bay undertaking re-conceptualized into a human services city. Lock says that employment creation, movement to Johor and expanded interest for homes are advantages of ventures into Iskandar.

His remarks come secondary selling spectators cautioned about the excess of homes in Iskandar conceivably compelling property estimations. Experts at Maybank remarked that the circumstance of oversupply in Iskandar is prone to decline before the circumstance moves forward.

Taken from iProperty

Tagged in: property
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The Urban Redevelopment Authority (URA) has accepted an application from a developer to put the residential site at Lorong Lew Lian up for sale by public tender, based on the acceptable bid price committed.

The land parcel was available for sale on URA's Reserve List and the designer who presented the application for the site has resolved to offer in any event S$250,000,000 in the delicate for the area package.

While the base value focused on the site is uncovered, the candidate's personality stays secret after conventions of the Reserve List framework.

General society delicate for the site will be propelled by URA in the following month, with the precise dispatch date to be affirmed.

The delicate period for the area bundle will last between four to six weeks. The area zone is roughly 1.4ha, and the private site has a greatest reasonable gross floor region of 42,005 m2.

Taken from iProperty

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Bidadari home will soon have 2,150 new flats, comprising of two-to five-room units propelled available to be purchased under HDB's Build-to-Order (BTO) exercise.

This dispatch will be the first of HDB flats in the Bidadari home, and purchasers with folks living in Toa Payoh, Potong Pasir, or inside of a 2km sweep will have need.

The home is relied upon to house around 10,000 private units in the end, and in addition group shopping centers, a lake and a ten-hectare park. The domain is arranged in close closeness to two North East Line MRT stations, Woodleigh and Potong Pasir.

Property watchers expect costs of Bidadari units to be at a higher value point taking into account its city-fringe area.

Mr Eugene Lim, ERA Realty's Key Executive Officer said to Channel NewsAsia that he expects costs for flats in the Bidadari bequest to extend from S$300,000 to S$350,000 for three-room flats, S$400,000 to S$450,000 for four-room flats and S$600,000 for five-room flats.

This BTO activity is the first since the pay top was raised to S$12,000, which Mr Ku Swee Yong, CEO of Century 21, accepts will draw more purchasers.

Taken from iProperty

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Singapore's private renting business sector is confronting descending weight on rents, a consequence of expanded supply combined with softening interest. Regardless of high exchange volumes, opportunity rates are expanding and leases are falling.

As indicated by another report from Savills, quarter-on-quarter (QoQ) renting volumes in Singapore for Q2 2015 expanded by 10.9 for each penny, from 15,435 to 17,262 exchanges.

The development came for the most part from the Outside Central Region (OCR), which saw quarterly exchanges increment by 13.7 for every penny, to 5,672 exchanges. Savills credited the increment in exchanges to standard two-year leases being supplanted by more one-year tenures.

With more fulfillments, supply is expanding and the quantity of private homes in Q2 2015 came to 318,524 – a 2.2 for every penny build quarter-on-quarter. The greater part of the new supply is inside of the OCR, which saw 124 for every penny development to 5,643 units, contrasted with Q3 2014.

As Singapore offers abroad gifts a lot of openings for work, there is more prominent interest for lodging leases for exiles utilized on nearby terms.

Be that as it may, the ascent sought after from these inhabitants is inadequate to stay aware of the supply of new private units. Rents dropped 1.1 for every penny QoQ in Q2 2015, and opportunity rates were at a nine-year high.

Senior Director of Savills Research Singapore Alan Cheong trusts that it will remain an inhabitants' business sector as supply of private units is relied upon to surpass request.

Taken from iProper

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The weaker Malaysian ringgit presents investment benefits for the Malaysian property industry in the long run, on top of allowing foreigners to purchase Malaysian properties at a lower value.

Chief Executive Datuk Seri Judin Abdul Karim of the Construction Industry Development Board (CIDB) explained that when foreigners invest in Malaysian properties, they are making a continuous commitment to the property industry, and that includes paying taxes.

The Datuk further explained that as foreigners have to convert their money into ringgit when they want to purchase properties, there is no harm in property investment since the properties remain there.

The Datuk also highlighted the need for the government to ensure sufficient affordable homes for the people nationwide even as foreigners are encouraged to invest in Malaysian property. A consistent policy is of paramount importance as a flip-flop in the market discourages investors.

Taken from iProperty

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With fewer property launches in Singapore, private home sales decreased 69.3 per cent in August.

According to statistics published by the Urban Redevelopment Authority (URA), property developers managed to sell 495 new private homes in August; a reduction from July, when 1,611 units were sold.

These numbers exclude executive condominiums (ECs). With the sale of ECs included, 961 units were sold in August as compared to 2,106 units in July.

August saw the launch of 598 non-EC units, as compared to 1,468 in July. For numbers including EC units, 1,305 units were launched in August, a difference of more than 1,000 units compared to July’s launch of 2,623 units.

The sluggish market performance was also thought to be a result of developers focusing on launching units from existing projects.

These projects included High Park Residences in Fernvale, North Park Residences in Yishun, and Corals at Keppel Bay. The top three selling projects were High Park Residences, Botanique at Bartley and Adana @ Thomson.

Taken from iProperty

Tagged in: EC new launch property
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Bidadari estate will soon have 2,150 new flats, consisting of two- to five-room units launched for sale under HDB’s Build-to-Order (BTO) exercise.

This launch will be the first of HDB flats in the Bidadari estate, and buyers with parents living in Toa Payoh, Potong Pasir, or within a 2km radius will have priority.

The estate is expected to house approximately 10,000 residential units eventually, as well as community malls, a lake and a ten-hectare park. The estate is situated in close proximity to two North East Line MRT stations, Woodleigh and Potong Pasir.

Property watchers expect prices of Bidadari units to be at a higher price point based on its city-fringe location.

Mr Eugene Lim, ERA Realty’s Key Executive Officer said to Channel NewsAsia that he expects prices for flats in the Bidadari estate to range from S$300,000 to S$350,000 for three-room flats, S$400,000 to S$450,000 for four-room flats and S$600,000 for five-room flats.

This BTO exercise is the first since the income cap was raised to S$12,000, which Mr Ku Swee Yong, CEO of Century 21, believes will draw more buyers.

Taken from iProperty

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Singapore’s residential leasing market is facing downward pressure on rents, a result of increased supply coupled with softening demand. Despite high transaction volumes, vacancy rates are increasing and rents are falling.

According to a new report from Savills, quarter-on-quarter (QoQ) leasing volumes in Singapore for Q2 2015 increased by 10.9 per cent, from 15,435 to 17,262 transactions.

The growth came mainly from the Outside Central Region (OCR), which saw quarterly transactions increase by 13.7 per cent, to 5,672 transactions. Savills attributed the increase in transactions to standard two-year leases being replaced by more one-year tenancies.

With more completions, supply is increasing and the number of private residential homes in Q2 2015 reached 318,524 – a 2.2 per cent increase quarter-on-quarter. Most of the new supply is within the OCR, which saw 124 per cent growth to 5,643 units, compared to Q3 2014.

As Singapore offers overseas talents plenty of job opportunities, there is greater demand for housing leases for expatriates employed on local terms.

However, the rise in demand from these tenants is insufficient to keep up with the supply of new private residential units. Rents dropped 1.1 per cent QoQ in Q2 2015, and vacancy rates were at a nine-year high.

Senior Director of Savills Research Singapore Alan Cheong believes that it will remain a tenants’ market as supply of private residential units is expected to exceed demand.

Taken from iProperty

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Singapore’s core mortgage benchmark saw a hike on 14 September 2015 (Monday), to the highest level since 2008.

According to data released by the Association of Banks in Singapore, the three month Sibor (Singapore Interbank Offered Rate) increased from 1.07483 per cent on Thursday (10 September 2015) to 1.13100 per cent on Monday.

The rising interest rate could have an adverse impact on residential property owners, who are currently facing the problem of lower rents and resale values.

Taken from iProperty

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Singapore ranks third on the Savills World Residential Investability Ranking, with the USA and United Arab Emirates ranking first and second respectively.

The countries were selected as the best sites for property investment based on key demand variables such as population growth, wealth and economic growth, together with supply and price levels.

Other factors considered in the Savills analysis include policies within the respective countries, as well as cultural sentiments. Singapore was the only Asian country ranked among the top ten countries.

According to Savills, the country’s “prime market has been the one most favoured by international buyers while average mainstream property remains predominantly domestic”, commonly seen among high-end markets worldwide.

Taken from iProperty

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