Property News - Property Launches & Investments

Singapore’s residential sector will be a buyer’s market in 2020: CBRE

Posted by Property Launch Invest on Tuesday, 05 May 2020 in Property News

SINGAPORE (EDGEPROP) - Overall, CBRE expects Singapore’s property market to remain resilient despite macroeconomic headwinds. This is highlighted in CBRE’s report “Real Estate Market Outlook 2020 - Singapore”, which gives projections for the property sectors of residential, office, retail, logistics, and the capital markets.

In 2019, there was a record number of 52 launches. New sales dominated the private residential market with 9,912 private residential units sold. It represented a 12.7% y-o-y increase, signalling improving buyer sentiment despite property cooling measures.

Singapore's Growing Home Price Divide Continues in 2020

Posted by Property Launch Invest on Tuesday, 05 May 2020 in Property News

Singapore-based real estate consultant Edmund Tie is reporting this week that in 2018, the price gap between new and resale private homes stood at a considerable 35%. New homes in the CCR averaged out at $2,756 per sq. ft, while their resale counterparts commanded a substantially lower $2,048 per sq. ft. In 2019, the gap widened to 40%: new homes in the CCR averaged $2,953 per sq. ft, while resale units remained relatively flat at $2,105.

Analysts predict up to 8% full-year drop in private home prices

Posted by Property Launch Invest on Tuesday, 05 May 2020 in Property News

THE Covid-19 outbreak and economic slowdown have started to bite; the Urban Redevelopment Authority's flash estimates for the first quarter shows its benchmark overall private home price index shrank 1.2 per cent over the previous quarter.

The drop followed three consecutive quarter-on-quarter gains. Year on year, the index is up 2.2 per cent.

Analysts expect private home prices to continue heading south, to the tune of up to 8 per cent for the whole year. However, they are not predicting a steep fall like the 24.9 per cent slide over four quarters during the Global Financial Crisis.

The Iveria: A luxury residence inspired by New York’s Flatiron Building

Posted by Property Launch Invest on Monday, 23 March 2020 in Property News

SINGAPORE (EDGEPROP) - The Iveria, a redevelopment of the former Riviera Point on Kim Yam Road, is expected to preview next month. The 51-unit, freehold, boutique development is jointly developed by niche property developer Macly Group and construction firm, Lim Wen Heng Holdings.

However, the concept for The Iveria is the brainchild of Joan Chang, marketing director of Macly Group. She is also the eldest daughter of the firm’s founder and managing director, Herman Chang.

Real estate still attractive despite short-term turbulence

Posted by Property Launch Invest on Friday, 13 March 2020 in Property News

SINGAPORE (EDGEPROP) - The early part of 2020 is proving to be a little more eventful than usual, as the outbreak of the Covid-19 coronavirus drives widespread disruption to economic activity and investor confidence. Already, there is obvious economic impact across Asia, with temporary factory, office and school closures.

Increasingly, despite more stringent travel restrictions, the impact has broadened to other parts of the world through secondary outbreaks. Policymakers are responding to this with aggressive containment measures and sizeable monetary and fiscal stimulus.

How will Covid-19 outbreak impact the Singapore property market?

Posted by Property Launch Invest on Friday, 13 March 2020 in Property News

SINGAPORE (EDGEPROP) - Even as authorities are doing their utmost to contain the spread of Covid-19 in a bid to restore public confidence and daily normalcy, the foremost question is: Can Covid-19 be contained as soon as practicable in accordance with mainland China’s target to put the outbreak under control by May 2020?

To find out, researchers initially drew comparisons with the period during SARS, which had significantly impacted market sentiment and the economy back in 2003.