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Signs of new vigour in the property market
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9-8-2017 3:10 PM
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Senior Sheep

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http://www.straitstimes.com/opinion/signs-of-new-vigour-in-the-property-market

Signs of new vigour in the property market

Lee Su Shyan
PUBLISHED 9 HOURS AGO

Range of data points to uptick in market, while conditions for recovery may have legs


Comments from CapitaLand's chief executive officer Lim Ming Yan last week that there are signs the private residential market could be bottoming out made market watchers sit up for its positive tone from Singapore's largest property player.

The comments jive with a range of data pointing to an uptick in the market. The latest second-quarter numbers from the Urban Redevelopment Authority (URA) show that prices fell 0.1 per cent, less than the 0.4 per cent in the second quarter. But is the market bottoming out to remain flat, or could Singapore even be embarking on a fresh property cycle?

While no other major developer has been as outspoken recently as Mr Lim, their bids have done the talking for them in two ways.
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9-8-2017 3:26 PM
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Senior Sheep

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Brace yourselves for a 10% property price hike

This would come as volumes approach five-year peaks.

Some analysts are believing that the time has come for the property market to undergo an inflection.

According to DBS Group Research analysts led by Derek Tan, recent market indicators point toward a property market inflection this year and a rise in property prices from 2018 onwards.

To recall, property sales in the first six months of the year have increased 46% YoY. The analysts believe that if the sales momentum continues, volume will reach a five-year peak.

"In our analysis, we found that 94% of home buyers in 1H17 are Singaporean households. A wildcard to a further acceleration in price is when the wave of buying from foreigners return, especially for homes in the Core Central region," they noted.

With this, they forecast property prices to rise by 6-10% in two years.

Meanwhile, the rise in property prices will be supported by the market absorption rate which is at multi -year lows. Unsold inventories are at 16-year lows at 29,000 units, they cited.

"When compared against current transaction levels, we found that market absorption rate (ratio of unsold units and new sales) stands at 2.1x and it is the tightest in the suburb (Outside Central region)," DBS Group Research analysts noted.

They added, "Even if we were to include the more than 3,000 unlaunched new units from the recent government land sales (GLS) and en blocs, we believe the market can absorb them easily."

http://sbr.com.sg/residential-property/in-focus/brace-yourselves-10-property-price-hike
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10-8-2017 8:35 PM
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Senior Sheep

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Rents of private home in Singapore up 0.2% in July: SRX Property
Thursday, August 10, 2017

Quote:RENTS of private non-landed homes in Singapore rose 0.2 per cent in July compared to June, while rental volumes rose by 11.8 per cent from a month ago to 4,834 units, going by the flash estimates of SRX Property.

This was buoyed by the 0.3 per cent and 0.4 per cent uptick in the Core Central Region (CCR) and Outside Central Region (OCR), while the Rest of Central Region (RCR) saw a 0.1 per cent dip.

[Image: CS_housing_7747_0.jpg?itok=Uk9qBluz]

http://www.businesstimes.com.sg/real-estate/rents-of-private-home-in-singapore-up-02-in-july-srx-property
(This post was last modified: 10-8-2017 8:35 PM by Insert.)
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10-8-2017 8:37 PM
PROFILER Offline
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Posting such threads going into the 7th month, it does show signs of desperation.

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Current On My Ignore List:
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10-8-2017 8:38 PM
Mark Koh Offline
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Rolling on the flor laughing
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10-8-2017 8:43 PM
talkcover Offline
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hollow out purchasing power.
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10-8-2017 8:54 PM
stockhacker Offline
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Rents is up 0.2% in Jul vs jun. Big deal, must blow so big. How about rent still down year on year. Rent still lower than peak in 2013?

U see how selective in the news. Down % bigger than up% dun say. A tiny 0.2% say until so big.
(This post was last modified: 10-8-2017 8:55 PM by stockhacker.)
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10-8-2017 9:01 PM
Insert Offline
Senior Sheep

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Then why you ask people to sell HDB and buy pte ? Big Grin

http://sgtalk.org/mybb/Thread-The-fastest-way-to-make-money-is-to-sell-your-hdb-and-buy-pte
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10-8-2017 9:05 PM
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27-7-2017 5:40 PMstockhacker wrote  Tia gong the rich in sg don't own hdb, so my friend ask me u rich or poor.

I say I poor.

He replied, no wonder u hdb owner not pte owner.

I was just trying to help you to break out of your poverty cycle. Big smile
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11-8-2017 11:07 AM
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Senior Sheep

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For reading pleasure. Big Grin

3 Things to Look Out for When Buying a Condo in 2017

1. How much longer before the property TOP date?
2. Is the per square foot price competitive?
3. How “mature” is the estate?

https://blog.moneysmart.sg/property/3-things-look-buying-condo-2017/

NB : In case you want to buy the condo mentioned in the above link ... already 100% sold out. Big smile
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