Analysts cautious on Singapore property stocks

Posted on 18 Jul 2012 | Comments Off on Analysts cautious on Singapore property stocks

Taking a cautious approach on property stocks, DBS Vickers said that it prefers stocks with diversified exposure like CapitaLand and those with strong niche activities such as CapitaMalls Asia (CMA) and GLP.

“Though developers have adopted a quick asset turn strategy, volume momentum has nevertheless slowed and prices appear to be stabilising in recent months as the supply mechanism takes effect,” said analyst Lock Mun Yee.

According to analysts, new launches will likely remain high, while prices and rentals will be affected by the rising housing supply.

“A key factor to watch out for would be sustainability of rental yields,” added Lock.

In addition, developers’ margins are expected to normalise as land bids continue to hold up.

Source PropertyGuru – 2012 Jul 18

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Posted in Developers, Property Market / Real Estate, Rental / Lease

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Haus@Serangoon Garden seeing strong demand from buyers

Posted on 18 Jul 2012 | Comments Off on Haus@Serangoon Garden seeing strong demand from buyers

The newly-launched Haus @ Serangoon Garden has seen strong interest from buyers during its weekend preview, with 70 percent or 28 of the 40 units released in Phase One already sold.

A joint venture (JV) between City Developments Limited (CDL) and Hong Realty, the development comprises 97 luxurious and spacious two-storey terraces that come with a basement and attic.

Prices start from S$2.4 million for a 1,615 sq ft intermediate terrace and S$2.8 million for a 2,284 sq ft corner terrace.

Buyers at the preview were mainly professionals with 40 percent currently living within the area.

In a statement, CDL said it expects Haus@Serangoon Garden to attract buyers “who value the centricity and prestige of living in charming Serangoon Gardens”.

“Landed housing space is becoming increasingly scarce; even more so in mature estates such as the popular Serangoon Gardens residential enclave,” said Chia Ngiang Hong, Group General Manager at CDL.

The developer added that Haus@Serangoon Garden is an ideal property due to its location and convenience, as well as branded interiors which appeals to different lifestyles.

Source PropertyGuru – 2012 Jul 18

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Posted in Property Market / Real Estate

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