Tag Archives: Market Report

7 signs of the property craze

Posted on 22 Aug 2009 | Comments Off on 7 signs of the property craze

1 PRICES UP

Far East Organization launched its Centro Residences in the heart of suburban HDB town Ang Mo Kio at prices starting from $1,100 per sq ft (psf). Deals done last month were at $1,117 psf to $1,228 psf.

According to property experts, such prices are more typical of city-fringe or prime projects and set a record for suburban leasehold homes.

In the mid-1990s boom, Far East set a leasehold record with its Bishan 8 project selling for up to $1,100 psf.

At a number of recent launches, above-market prices were also seen. For example, Ascentia Sky in the Alexandra Road area sold for $1,064 psf to as much as $1,459 psf.

Next door, The Metropolitan – launched at $780 psf on average in late 2006 – recently traded at around $900 psf to $1,200 psf. Continue reading →

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More homes in the pipeline

Posted on 22 Aug 2009 | Comments Off on More homes in the pipeline

More than 40,000 units are due to come onto the market over the next few years

PROPERTY supply is not a problem, according to National Development Minister Mah Bow Tan. He believes that there are plenty of homes in the supply pipeline for Singaporeans, pointing out at a recent event that more than 40,000 units are due to come onto the market over the next three or four years.

The latest market data certainly supports his view. Figures from Savills Research and Consultancy point to a healthy stream of launches.

It says 5,753 units will become available in the second half of this year and 5,576 units next year. In 2011, 13,418 will be launched; 13,751 in 2012; and 11,058 in 2013.

Of those becoming available between this year and 2012, the bulk – 52 per cent – will be in prime districts 9, 10, 11 and 15, which analysts suggest is Continue reading →

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Posted in New Launches

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