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Subscribe to this list via RSS Blog posts tagged in Vacancy rates versus Property Price Index PPI

Private homes puzzle: Why aren't prices falling proportionately?

Posted by Property Launch Invest on Friday, 18 November 2016 in Property News

Indicators are pointing to housing oversupply, while the vacancy rate for private homes is approaching recession levels. But property prices have remained firm. Channel NewsAsia asks property analysts why the rising supply has not resulted in a proportionate fall in prices.

SINGAPORE: The growing vacancy rate in the private housing market is something property developers have been harping on for the past couple of years. At 8.9 per cent, official data shows the vacancy rate for private residential units at a 16-year-high, nearing levels seen in the aftermath of the 1997 Asian financial crisis.

Singapore's sluggish 3rd quarter property markets

Posted by Property Launch Invest on Wednesday, 04 November 2015 in Property News

All key indicators are down in the doldrums, except one.

Private home prices continue their downhill struggle, as declines continued across all segments of the private residential property market.

The drop in the price index was slightly more than the 0.9% drip last quarter.

According to a release by the Urban Redevelopment Authority, prices of non-landed properties fell 1.2%, 1.6%, and 1.6% for the Core Central Region (CCR), the rest of the Central Region (RCR) and Outside Central Region (OCR) respectively.

These were all greater compared to the declines of 0.6%, 0.6%, and 1.1% respectively in the previous quarter.

Here's more:

Singapore Property Market: Quick Recovery on the Cards?

Posted by Property Launch Invest on Thursday, 17 September 2015 in Property News

The government has imposed a series of macro-prudential measures since 2009 to cool the housing market, taking aim at foreign demand and speculation, as property prices have risen close to 60% after the global financial crisis as confidence returned to the market. These measures, which include the implementation of higher transaction costs (e.g. Additional Buyers’ Stamp Duty) and the introduction of the Total Debt Servicing Ratio (TDSR) framework, have helped to rein in investment demand for residential properties from both foreign and local buyers. Coupled with a slowing rental market and mounting supplies of residential properties, the Singapore property market remains muted. Here’s the million-dollar question – will we be seeing a quick recovery anytime soon?

'Dark condos' point to supply overhang

Posted by Property Launch Invest on Tuesday, 28 July 2015 in Property News

A YEAR after lensmen from The Business Times put together a photo essay on "dark condos" to highlight the rising vacancies in the private housing market, they have gone in search of an update of the situation.

In May, they returned to the same 10 completed condo projects they photographed a year ago to capture these developments, as far as possible, from the same angles .

They even went at around the same time - between 8 pm and 9.30 pm on a weekday, before the school holidays, when people could reasonably be expected to be home.

Singapore private property prices could fall another 10% over next two years: BNP

Posted by Property Launch Invest on Thursday, 25 June 2015 in Property News

SINGAPORE - Private property prices in Singapore could fall a further 10 per cent from current levels over the next two years, French bank BNP Paribas said in a research report on Monday.

Although prices have fallen 5.5 per cent from their mid-2013 peak, BNP Paribas said that a "closer look at valuation metrics and underlying drivers" shows the market has further to correct before a bottom can be called.

Singapore's residential supply glut exacerbated by unyielding immigration stance

Posted by Property Launch Invest on Tuesday, 23 June 2015 in Property News

Who will buy homes without foreigners and PRs?

The oversupply in Singapore's private residential property market is being aggravated by the government's tight stance on immigration, a report by BNP Paribas said.

URA- Release of 1st Quarter 2015 real estate statistics

Posted by Property Launch Invest on Sunday, 26 April 2015 in Property News

The Urban Redevelopment Authority (URA) released today the real estate statistics for 1st Quarter 20151.

PRIVATE RESIDENTIAL PROPERTIES

Private residential market at a glance (excluding ECs):

Current property cycle versus the 1986-1998 cycle

Posted by Property Launch Invest on Thursday, 09 October 2014 in Property News

The current property cycle bears the following similarities with the 1986-1998 cycle:

1) At the cycle peak, landed properties outperformed non-landed properties and detached houses are the best performer while condominiums are the worst performer.

2) In both property cycles, unlike in the other cycles, prices reached a peak and started to decline in response to property cooling measures introduced by the Government and not due to some external events such as an economic crisis.

I thought it would be interesting to compare and contrast the two property cycles to see what are the similarities and differences and what insights we can draw from them.

The Singapore property market has undergone four property cycles since 1975. The first cycle from 1975-1986, the second from 1986-1998, the third from 1999-2004 and the fourth from 2004-2009. We are now into the fifth cycle which began in 2009.

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

PRIVATE RESIDENTIAL PROPERTIES