Monthly Archives: December 2014

  • Office rents higher despite lower occupancy rate

    office rents have risen in the fourth quarter of this year despite a fall in occupancy rate, driven higher by expectations of even greater rent rises next year, a new report has found. property consultancy dtz research noted that net demand for office space this year was slightly lower at 1.36 million sq ft, down from 1.45 million sq ft last year. the i... Continue reading
  • Completed shoebox units lead price falls this year

    so far this year, prices of small units have fared the worst of the four segments of completed non-landed private homes covered by the national university of singapore's singapore residential price index (srpi) series. flash estimates for november released on monday show that the srpi for completed small units of up to 506 sq ft islandwide has contracted ... Continue reading
  • Single-digit fall in HDB prices next year a good thing: Khaw

    another single-digit fall in public housing resale prices next year would still be manageable and "a very good development", minister for national development khaw boon wan said on monday. it is a level people can accept and a balance between keeping homes affordable for homebuyers and preserving the asset values of home owners. mr khaw said this to repor... Continue reading
  • Soft market ahead for most developers

    a weaker manufacturing outlook and continued targeted measures by jtc corporation to boost supply and cool speculation are likely to keep singapore's industrial property market soft going into 2015 (see infographic). certain types of properties, such as high-specification factories, business parks and warehouses, as well as niche developments such as food factories, will probably still see strong take-up and stable rents. this is because of ... Continue reading
  • Homebuyers to gain from fuller price disclosures

    the upcoming move to disclose the net prices of individual units sold by developers will give buyers, property firms and policymakers a more accurate snapshot of the market, said experts yesterday. the change, which was mentioned on tuesday by the urban redevelopment authority (ura) in a straits times forum letter, will kick in during the first half of ne... Continue reading
  • Thank you!

    aaron has the knowledge and skills and know the property market very well. he is very patient and listen to your needs and expectation. if you engage him as your agent, you are sure in good hands. willingness to offer information and knowledge even if we do not ask for. very helpful and he is willing to go beyond the normal call of duties. Continue reading
  • HDB gives its resale price index more oomph

    in a push to make property indices more reflective of market changes, the housing & development board (hdb) - the first among official agencies here to change the way it computes its price index - has unveiled details on how its revised approach will be more comprehensive and robust. (see infographic) hdb said on tuesday that it was expanding the cove... Continue reading
  • Resales of apartments, condos up 6.6% in Nov

    the latest flash estimates from srx property show that 388 non-landed private homes were transacted in the resale market in november, down 22.4 per cent from october but up 6.6 per cent year on year.     srx property's november flash estimate for its non-landed private residential resale price index reflected declines of 1.1 per cent month on month an... Continue reading
  • ECs the main draw at weekend sales

    singapore's lacklustre property market showed some signs of life at the weekend but interest was mainly confined to executive condominiums (ecs) the best performer was the terrace, an ec project in punggol, where more than 100 units were sold, out of a total of 747. but sales at older launches remained tepid as many potential buyers are on holiday and sentiment remains poor, experts said. at the terrace, launched on sunday, prices start at $71... Continue reading
  • Lower property taxes for bigger HDB flats

    owners of bigger housing board flats will enjoy a reduction in property taxes next year. this comes as the estimated annual market rents of properties, or annual values (avs), will be lowered by about 3 per cent on jan 1, to reflect the weakening rental market, said the inland revenue authority of singapore (iras) yesterday. the lowering of avs means owne... Continue reading
  • Further declines predicted for private home prices and rents in 2015

    prices of private condos could drop by another 5-10 per cent next year, consultants predict, as it looks unlikely that the measures designed to cool down the property market would be tweaked or lifted soon. however, the price tags on new sales could be "stickier" because developers have strengthened their holding power. (see infographic) dtz south-east a... Continue reading
  • Condo rents to drop by up to 10%: ANZ

    vacancies in the private residential market are set to inch up over the next few years as a supply glut looms, and this would exert further downward pressure on rents and, hence, investment returns. anz bank flagged in a report on friday that singapore's population growth is not enough to absorb the new housing supply between 2014 and 2017, with record completions of new homes posing a "supply shock". daniel wilson, economist for asean and pac... Continue reading
  • HDB resale prices at 40-month low: SRX

    prices of hdb resale flats dipped 0.8 per cent last month to a 40-month low, going by flash estimates from the singapore real estate exchange (srx). the monthly hdb resale price index published by srx property showed a 6.3 per cent year-on-year decline in hdb resale prices in november. property consultants are expecting a further softening of resale price... Continue reading
  • Mass-market homes 'face price pressure'

    the demand for mass-market flats has fallen sharply this year and is putting increasing pressure on prices, says ocbc investment research. it forecasts that prices could fall up to 15 per cent over the next two years while sales of new homes will stay muted next year. the numbers from this year point to the gloom ahead. there were only 6,800 private homes... Continue reading
  • Bigger share of new home loans now less risky

    levels of mortgage debt held by singapore households are easing further, thanks to government property cooling measures, a new report has concluded. ratings agency moody's also said in its report that the incidence of bad loans for high-end homes - a major source of recent concern - is also set to diminish. significantly, this means a positive credit outl... Continue reading
  • Closely watched HDB resale price index up for revision

    the housing and development board (hdb) will soon reveal more details on a revised methodology to compute the hdb resale price index (rpi). the board has been working with a consultant from the national university of singapore's department of real estate to review the index methodology, minister for national development khaw boon wan disclosed on wednesda... Continue reading

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