Singapore property sales hit five-month low

Discussion in 'Singapore property' started by totallyproperty, May 24, 2014.

  1. totallyproperty

    totallyproperty Administrator Staff Member

    Over the last month there has been a reduction of 1.3% in the value of Singapore residential property prices and indeed sales of residential properties have fallen to a five-month low. Interestingly, developers sold more properties than they brought to the market which indicates that those involved in Singapore real estate are cutting their invention.

    Will the market take a breather or is the further downside in the short term?
     
  2. JacobDing

    JacobDing New Member

    Private home sales hit 5-month high in April

    Developers are finally seeing a tiny bright spot in an otherwise tensed ambiance in Singapore's property market. New private home sales rebounded 55% in April after a slump in March, its highest in five months. According to PropNex, this was mainly due to only 1 major new launch in March and April’s re-launches at some projects promising attractive discounts.
     
  3. totallyproperty

    totallyproperty Administrator Staff Member

    I have just had a look at the Singapore real estate market and the headlines are very mixed to say the least. Some suggest that sales numbers are falling while prices are creeping higher - it should be a very interesting next 12 months in this area of the world.

    Could unrest in Honk Kong add to economic concerns in the region?
     
  4. Crowdfunding

    Crowdfunding New Member

    Latest property price index

    The latest URA property price index for 2014 Q4 shows a drop of 4.85% to 205.8 points from its peak in 2013Q3 216.3
     
  5. strongman92

    strongman92 New Member

    Transaction is lesser due to the intervention by the government in applying policies to reduce the price to going up too high and too fast. Because of the economic crisis in 2009. A lot of hot money coming into Singapore plus the ultra low interest rates invites more people to taking more loan (higher leverage) than it should be.

    And the government cooling measures plus slowing down the current inflow of foreigners create the anomaly in the market. Once interest rates is going up Gradually and cooling measures are unwind. the market should get back on it feet again.

    Note: Singapore office space is performing positively while the residential segment is cooling down.
     
  6. vitaminsee

    vitaminsee New Member

    market is controlled
     
  7. dasimond

    dasimond Member

    Singapore market is more of politically driven then market driven.

    As long as you follow where the government points, ie. where they are going to develop, you will not go wrong and usually this area will sees a lot of buyer. As there are plentiful of people wanting to buy another property therefore, there are no lack of buyer in this market, just where and when.
     
  8. Exclusive Condo

    Exclusive Condo New Member

    http www straitstimes.com/business/property/property-market-finally-on-the-upturn-outlook-2018

    Singapore property sales on the upturn finally
     
  9. FWL

    FWL Member

    I have read on numerous occassions that Singapore is a good guide to how the rest of Asia is performing - does this improvement in Singapore property sales suggests the region is experiencing an upturn?
     
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