Property News - Property Launches & Investments

Park House breaks en bloc price ceiling

Posted by Property Launch Invest on Wednesday, 27 June 2018 in Property News

At $2,910 psf ppr, this latest collective sale price for the prime Orchard Road site is the highest so far.

Two blocks from St Regis Singapore, where North Korean leader Kim Jong-un stayed for the historic summit with US President Donald Trump, a milestone of a different sort was set. It was the collective sale of Park House, a 15-storey building located at the corner of Tomlinson Road and Orchard Boulevard. The tender for the building closed on May 31, and the deal was sealed at 12.30am on June 1. The purchase price was $375.5 million, a 21.9% premium to the guide price of $308 million when the site was launched for sale on April 23.

DBS tips Singapore home demand and prices to climb

Posted by Property Launch Invest on Wednesday, 20 June 2018 in Property News

Demand for Singapore’s private housing and average property prices are poised to rise amid an expected population increase, DBS said in a note this week.

With its assumption that Singapore’s population will rise to 6.3 million to 6.5 million by 2030, DBS projected annual demand for primary homes would come in at 13,000 to 16,000 units until 2023, before tapering off to average around 12,000-13,500 a year.

Will Singapore head into a housing bubble soon?

Posted by Property Launch Invest on Thursday, 14 June 2018 in Property News

Analysts weigh in on whether the conditions are ripe for a housing bubble or not.

Half a decade has passed since Singapore’s last housing bubble in 2010-2013. In 2017, the property market was abuzz due to record-high bids for properties that weren’t witnessed in years. As prices are expected to trend even higher this year due to higher land cost, stronger economic growth, and higher housing demand, many may wonder if a housing bubble is forming now.

Singapore to see 'most extensive urban transformation' as Govt aims to build better city

Posted by Property Launch Invest on Friday, 18 May 2018 in Property News

SINGAPORE — Cities must evolve and adapt to survive in an ever changing world and there is "no such thing as status quo", said National Development Minister Lawrence Wong during the Parliamentary debate on the President's Address on Thursday (May 17).

"We are either improving or we are declining and going backwards… So the choice for Singapore is simple – adapt or perish," said Mr Wong as he laid out the Government's blueprint to build a better city, one that is more innovative, inclusive and resilient.

New private homes to cost up to S$2,900 psf on average by 2030: DBS report

Posted by Property Launch Invest on Friday, 18 May 2018 in Property News

SINGAPORE — Projecting the population here to hit 6.3 million to 6.5 million by 2030, a research report released by DBS on Wednesday (May 16) forecasts new private homes to cost between S$2,300 and S$2,900 per square foot (psf) on average by then – sharply higher than the current S$1,500 psf.

This means a compound annual growth rate of 1.5 per cent to 3.2 per cent over the next 12 years as growth in homeowners' incomes "keep pace" with the rise in private-property prices. The projection means an average unit of private property will cost from S$1.9 million to S$2.5 million by 2030.

Q1 private home prices rise by 3.9%; fastest pace in eight years

Posted by Property Launch Invest on Monday, 30 April 2018 in Property News

SINGAPORE – The Republic confirmed its biggest quarterly surge in private home prices in nearly eight years on Friday (April 27) — a 3.9 per cent jump that beat an earlier estimate of 3.1 per cent, data from the Urban Redevelopment Authority (URA) showed.

This is the highest quarterly price growth since the 5.3 per cent quarter-on-quarter increase in the second quarter of 2010. In comparison, prices of private residential properties rose 0.8 per cent in the fourth quarter of last year over the previous quarter.

En Bloc Fever Wave

Posted by Property Launch Invest on Thursday, 05 April 2018 in Property News

The big “E” (read: en bloc) has been making waves in the property market for a good part of the year. Everyone is talking about it but what does en bloc fever really entail?

En bloc fever is a property phenomenon that brings optimism to the real estate market. Thus far in 2017, there have already been six residential developments and an industrial complex sold en bloc. This figure far exceeds the three deals done in 2016. Looking at the numbers, we have hit S$2.5 billion in collective sale transactions, more than doubling the S$1 billion achieved in 2016. With a handful of deals in the pipeline and a few more awaiting bids; we can fully expect more en bloc deals to come into the market as we approach the last quarter of 2017. So where do we go from here? I will delve deeper and analyse the en bloc market in this article.

As the en bloc market is so large, I have decided to break it down into different groups and this article will turn the spotlight solely on ex-HUDC estates and their collective sales potential.

Oxley, China developer lead Singapore land bank race - for now

Posted by Property Launch Invest on Tuesday, 20 March 2018 in Property News

SINGAPORE (BUSINESS TIMES) - SINGAPORE-LISTED developer Oxley Holdings is enjoying a sweet homecoming after a flurry of overseas ventures - it now holds the largest residential land bank in the Republic by the number of dwelling units.

Estimates by The Business Times show that close to 4,000 units could be generated from Oxley's land bank, of which over 2,300 homes are based on its equity stakes in the sites acquired.

A close runner-up turns out to be a new market entrant, Logan Property Holdings, a Hong Kong-listed Chinese developer whose share in two large land parcels acquired last year - one from a government land sale (GLS) and another from a collective sale - puts it in second place with above 2,000 units.

Few districts see chance of oversupply of homes: study

Posted by Property Launch Invest on Wednesday, 28 February 2018 in Property News

Govt land sales, collective sale sites make up large portion of new units in these areas

A NEW study on the upcoming supply of private residential units from development sites sold suggests that oversupply risks, if any, may be contained within certain districts.

Islandwide, only Districts 3, 5, 13, 18 and 19 appear to have a relatively high number of upcoming residential units in relation to the current completed units there - in the proportions of 12 to 34 per cent.

The future is yours to create at Punggol Digital District

Posted by Property Launch Invest on Monday, 26 February 2018 in Property News

The Infocomm Media Development Authority (IMDA), JTC, Singapore Institute of Technology (SIT) and Urban Redevelopment Authority (URA) jointly unveiled the masterplan for the Punggol Digital District[1] (PDD) today. Deputy Prime Minister and Coordinating Minister for National Security Teo Chee Hean launched an exhibition showcasing the masterplan at Waterway Point, and invited the community to be part of the exciting possibilities of a district driven by technology and innovation.

Singapore Budget 2018: Buyer's stamp duty hike better than wealth taxes

Posted by Property Launch Invest on Saturday, 24 February 2018 in Property News

Consultants say it won't hurt Singapore's wealth management hub; it also sends message on en bloc fever

WHILE some sort of tax on the wealthy had been expected in Monday's Budget, few thought it would take the form of a hike in buyer's stamp duty (BSD).

The move however, has received praise from tax consultants and other experts. They say it's less disruptive and easier to implement than alternatives such as capital gains tax or estate duty, which could hurt Singapore's reputation for wealth management and its competitiveness as a financial hub.

Buyer’s stamp duty hike may lead to higher prices for new projects: Redas president

Posted by Property Launch Invest on Saturday, 24 February 2018 in Property News

SINGAPORE — Coupled with developers’ bullish bids for government land sales (GLS) and some en bloc sites, the move to raise top marginal buyer’s stamp duty (BSD) rate for private residential properties — announced during Budget earlier this week — may translate to higher prices for new projects, Real Estate Developers’ Association of Singapore (Redas) president Augustine Tan said on Friday (Feb 23).

Pearl Bank Apartments likely to be demolished despite calls to conserve building

Posted by Property Launch Invest on Saturday, 17 February 2018 in Property News

SINGAPORE - It was once Singapore's tallest residential building and remains a landmark four decades down the road, but the horseshoe-shaped Pearl Bank Apartments could well fall victim to a demolition crew.

The building - sold to developer CapitaLand in a collective sale on Feb 13 - will likely not be conserved despite the wishes of heritage lovers and the Singapore architect who designed it.

Pearl Bank Management Corporation Strata Title (MCST) chairman Cecilia Seet and Ms Tang Wei Leng, managing director at marketing agent Colliers International, told The Straits Times that there are no plans to conserve Pearl Bank.

Pearl Bank Apartments sold: What makes the development iconic?

Posted by Property Launch Invest on Thursday, 15 February 2018 in Property News

SINGAPORE - The iconic Pearl Bank Apartments in Outram was sold to developer CapitaLand on Tuesday (Feb 13) for $728 million, in its fourth collective sale attempt over the past decade.

CapitaLand plans to redevelop the site into a high-rise residential development comprising around 800 units with "social, shared facilities".

Here are six reasons why the development is iconic:

EnBloc deals could pose "risks to sustainable conditions" in property market: MAS

Posted by Property Launch Invest on Sunday, 11 February 2018 in Property News

After a wave of collective sales in Singapore this year, the central bank says it will continue to monitor market developments and take appropriate actions where necessary to “maintain a stable and sustainable property market”.

SINGAPORE: The revival of the en bloc market could bring about risks to the “sustainable conditions” in the local property market, said the Monetary Authority of Singapore (MAS) in its latest Financial Stability Review released on Thursday (Nov 30).

Interest rates will have to go up across the world to deflate the bubble

Posted by Property Launch Invest on Friday, 19 January 2018 in Property News

The long period of ultra-loose monetary policy is coming to an end. You could say this is because it has done its job, in that it has led to a solid global recovery. But you can also point to the costs of the policy, an asset boom that has increased inequality and threatens now to lead to an asset bust.

Home Loan: What is Sibor

Posted by Property Launch Invest on Friday, 19 January 2018 in Property News

The Association of Banks in Singapore published a proposal on 4 December to improve the way it calculates SIBOR. SIBOR stands for Singapore Interbank Offered Rate, and is simply an interest rate that banks in Singapore charge to one another. While that may sound like it is completely irrelevant to everyday consumers in SIngapore, it actually could have some significant implications for them. This is because most loans, especially home loans, in Singapore are priced in relation to how high or low SIBOR is. Therefore, consumers can gain from understanding how the SIBOR calculation is going to change and how this change could impact their lives.

4Q 2017 Flash Results URA/HDB Real Estate Statistics Singapore Property Market News and Analysis

Posted by Property Launch Invest on Wednesday, 03 January 2018 in Property News

4Q 2017 rebounded strongly with 0.7% price growth and robust transaction volumes

URA’s Q4 2017 Flash data shows that prices of private homes in Singapore rose by 0.7 per cent quarter-on-quarter (Q-o-Q), ending the price decline since Q4 2013. The 1 per cent growth overall in 2017 reverses the overall negative growth since 2014 and indeed a positive turnaround compared to the past three years where demand was relatively weak and muted due to the imposed cooling measures.

Singapore property outlook 2018 – 3 things to look out for

Posted by Property Launch Invest on Wednesday, 20 December 2017 in Property News

How does the Singapore property market outlook look like in 2018?

Here are 4 things to look out for regarding Singapore’s residential market in 2018 according to Maybank Kim Eng.

4 things to note for Property Market Outlook 2017-2018

Posted by Property Launch Invest on Wednesday, 20 December 2017 in Property News

Property Outlook 2017 is out, and for your convenience, we’ve summarized the interesting bits here. This might be a challenging year for landlords (and by default property agents); we all know there’s some correlation between the overall economy and the property market, and right now they’re both in a slump. But forewarned is forearmed and all, so go into the year with your eyes open:

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