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Private Property prices......still up or down? Part II

RadX

By RadX,
in Property Buzz

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Mercs

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Enbloc fever

 

"apartment owners stand to receive between $1.8 million and $4.9 million"

 

:D

 

https://www.edgeprop.sg/property-news/capitaland-buys-pearlbank-apartments-728-million

CapitaLand buys Pearlbank Apartments for $728 million

Feb 13, 2018

http://www.straitstimes.com/singapore/pearl-bank-apartments-sold-what-makes-the-development-so-iconic?

Pearl Bank Apartments sold: What makes the development iconic?

Feb 13, 2018

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Showster

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(edited)

The idea has always to return the course to a sustainable price growth pegged to inflation, and neither zero growth or nett negative growth (for too long).

 

The previous problem was a 60% price growth (thereabout) in 3-4 years (From 2009 to 2013). This was too fast a growth. And from 2013 to 2017 there was a dip of about 10%.

 

Overall over the 10 years (from 2007 to 2017), the nett growth was about 50+%, bringing the compounded annual growth to just under 5%. On a long term trend, this is within acceptable limits based on the price growth experienced worldwide, especially viewed from the comparable income growth locally and also the inflation experienced over the 10 years.

 

On a balanced overall viewpoint combined with HDB price growth (low or nil), the local housing affordability overall is comfortable, especially as HDB comprises 70-80% of the units and prices have continued to stay friendly.

 

The Govt may need to step in if there is consecutive three years of 10% growth though, but they are unlikely to respond if the growth remains within single digit %. This actual % remains to be seen. We have to check back later.

 

It took govt 8 rounds of CM to engineer a soft landing. Do u think they will let history repeat itself?

 

Edited by Showster
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Singapore's January home sales see best start to the year since 2014

 

14 FEBRUARY, 2018

 

SINGAPORE — Singapore home sales posted their best start to a year since 2014, adding to signs of a turnaround in the property market.

 

Developers sold 522 units in January, up 37 per cent from 382 homes a year earlier, according to Urban Redevelopment Authority data released on Wednesday (Feb 14).

 

Rising prices and climbing sales are reinforcing signs the city-state's residential market is emerging from a four-year slump. Developers have been aggressively bidding for land on the back of the recovery. An index tracking private residential prices rose 0.8 per cent in the three months that ended on Dec 31, building on a 0.7 per cent gain the previous quarter, according to data from the Urban Redevelopment Authority.

 

Prices may rise as much as 10 per cent this year, following a pickup in home sales, Mr Lim Ming Yan, the president and chief executive CapitaLand, said in an interview on Tuesday. BLOOMBERG

 

http://www.todayonline.com/singapore/singapores-january-home-sales-see-best-start-year-2014?cid=emarsys-today_TODAY%27s%20evening%20briefing%20for%20Feb%2014,%202018%20%28ACTIVE%29_newsletter_14022018_today

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Mercs

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Enbloc fever

 

"apartment owners stand to receive between $1.8 million and $4.9 million"

 

:D

 

https://www.edgeprop.sg/property-news/capitaland-buys-pearlbank-apartments-728-million

CapitaLand buys Pearlbank Apartments for $728 million

Feb 13, 2018

Buy $1,515psf ... sell $3,000psf ... huat ah! [:p]

 

http://sbr.com.sg/residential-property/news/pearl-bank-apartments-redevelopment-could-break-wallich-residences-dominan

Pearl Bank Apartments redevelopment could break Wallich Residences' dominance

Feb 14, 2018

 

"the company's plans to build a new 800-unit residential on a site on top of a hill could mean a potential luxury condominium could re-emerge to rival Wallich Residences, which is asking close to $3,000 psf."

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http://sbr.com.sg/residential-property/news/private-home-sales-grew-37-522-units-in-january

Private home sales grew 37% to 522 units in January

Feb 14, 2018

 

For the OCR units, the top projects were Symphony Suites with 65 units sold at a median price of $1,085psf, whilst Parc Botannia and Kingsford Waterbay came next with 43 and 31 units sold at a median price of $1,265psf and $1,424psf, respectively.

 

Meanwhile, for the RCR units, Highline Residences and Gem Residences topped the list, with 42 units and 44 units sold at a median price of $1,962psf and 1,508psf, respectively.

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http://sbr.com.sg/residential-property/news/private-condo-rental-volume-rose-217-in-january

Private condo rental volume rose 21.7% in January

Feb 14, 2018

 

Rental prices inched up 0.5%.

 

Rental volume saw an increase of 4.3% YoY, with only 4,023 units rented in January last year.

 

Further, rental prices inched up by 0.5% MoM, and units in RCR and OCR grew by 2.7% and 0.2%, respectively, whilst CCR decreased by 1.3%.

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http://sbr.com.sg/residential-property/news/private-condo-rental-volume-rose-217-in-january

Private condo rental volume rose 21.7% in January

Feb 14, 2018

 

 

Is this partly the result of the recent en bloc?

 

With the govt opening up doors to more people in the next coming years, it is likely for rental to find some support.

 

http://www.straitstimes.com/business/economy/spore-faces-demographic-time-bomb

 

Quote:

One way to increase the labour supply would be to ease immigration restrictions, a move that would have to be done at a managed pace to avoid worsening the "foreigner assimilation issue" in Singapore, even though the country cannot afford zero immigration, Mr Tan said.

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