Category Archives: Property Price

Mass-market home prices ‘at 2007 peak’

Posted on 17 Aug 2009 | Comments Off on Mass-market home prices ‘at 2007 peak’

ANTI-SPECULATIVE measures, falling rental yields and ballooning supply may drive residential property prices down by about 20 per cent, says an analyst.

Sounding a contrarian view that runs against current sentiments, RBS Singapore analyst Fera Wirawan warned that prices of some segments of the market have risen to 2007 peaks amid a strong upswing in buying levels.

Based on her analysis, prices of mass-market homes, or low-end private properties, are now at peak October 2007 levels, while prices of mid-tier and high-end homes are just 8 per cent and 22 per cent off their peaks respectively.

With prices surging 16 per cent to 26 per cent in recent months, the residential property sector may have peaked, Ms Wirawan cautioned.

‘The residential sector recovery was initially driven by pent-up demand and cheap capital values, but we now see speculation in all residential Continue reading →

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Resale prices of Caribbean at Keppel bay cross $1,100 psf

Posted on 11 Aug 2009 | Comments Off on Resale prices of Caribbean at Keppel bay cross $1,100 psf

With the opening of the $6 billion Resorts World at Sentosa fast approaching, there is a buzz of excitement as investors anticipate the influx of visitors expected in 1Q2010. To cater for a surge in tourists and locals to the island, a 620m $70 million walkway is being constructed and is expected to be completed in November 2010.

As development at the upcoming casino gain traction, interest in properties on the mainland of Singapore and Sentosa Cove have picked up in recent months.

For instance, at the 969-unit Caribbean at Keppel Bay, developed by Keppel Land and completed in 2004, there were three transactions in the week of July 3 to 10, according to caveats lodged with URA Realis. A check against the monthly number of transactions shows there was an average of five units changing hands from April to June this year versus only two from January to March.

According to property agents, buying activity has picked up and there is more interest from foreigners. However, transaction levels remain low, owing to higher quantum prices and the gap in asking prices ranging from $1,300 to $1,400 psf versus buyers’ expectations of $1,000 Continue reading →

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Posted in Property Market / Real Estate, Property Price, Sentosa Property

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