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Relaxation of banks lending policies stimulated Asia Pacific sales

Posted on 26 Aug 2009 | Comments Off

According to Colliers International’s Asia Pacific Real Estate Investment Market Bulletin – 2Q2009, the overall investment sentiment in the region saw a distinct improvement in past quarter.

“Despite the fact that the region is still in the amidst of a consolidation, the pace of downward adjustment of a number of economic indicators has tapered off,” said Simon Lo, Director of Research & Advisory, Colliers International Hong Kong. “This not only indicates that the worst situation is over, but that there is also more hope for a global recovery towards the end of 2009.”

Buying interests were concentrated primarily on the office and residential properties in the region in 2Q2009. Office investment yields in Asia Pacific edged down by 19 basis points (bps) during the quarter, with Hong Kong’s dropping the most at 110 bps. Of the 25 cities included in the report, the office investment yield in Bangalore, India was the highest at 14.0% per annum, and that of Hong Kong and Singapore the lowest, at 4.1% per annum. Meanwhile, the residential investment yields also recorded a fall of 29 bps across the region. Continue reading →

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Posted in Loan / Mortgage / Finance, Property Market / Real Estate

Tagged Market Report, Property Investment, Property Loan, Singapore Property, Singapore Real Estate

Gap in prices between new and resale homes grows

Posted on 24 Aug 2009 | Comments Off

Homes in the primary market, or new ones sold by developers to owners, traditionally cost five to eight per cent more than those in the secondary or resale market. But this gap is growing to between 10 and 20 per cent as the Singapore property market heats up.

Developers have sold more than 10,000 new private homes to date in 2009, more than double the total in 2008.

And while sales in the secondary market have kept pace, analysts said prices have risen slower, which is characteristic of the segment.

Eugene Lim, associate director, ERA Asia Pacific, said: “The current market is on an upswing so we are looking at the price difference between old properties and new properties in a range of 10 to 20 per cent, versus a low market scenario where you see a difference of five to eight per cent.”

Locations where few new developments have been launched are likely to see the largest gaps between new and resale homes. Continue reading →