Tag Archives: Singapore Real Estate

Residential sector leads Singapore investment sales

Posted on 25 Jul 2012 | Comments Off on Residential sector leads Singapore investment sales

The residential market in Singapore dominated investment sales, contributing 54 percent of total transactions in Q2 2012, according to a report by Savills Research.

As for total investment sales, the consultancy said it grew 52.4 percent from S$4.9 billion in Q1 to S$7.4 billion in Q2.

The public sector accounted for 41.7 percent of all investment sales at S$3.1 billion.

Under the Government Land Sales (GLS) Programme, a total of S$2.9 billion sales were recorded with 15 state land parcels sold.

Meanwhile, investment sales in the private sector bounced back with transaction values climbing 59.9 percent quarter-on-quarter.

“Transaction volume in the commercial segment boosted 123.7 percent quarter-on-quarter to S$2.3 billion,” added the report.

“In the near term, the investment market may hit a plateau given the worsening macro conditions and a squeeze on buyers’ financing.”

Source PropertyGuru – 2012 Jul 25

 

 

 

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Singapore inflation ticks up in June

Posted on 24 Jul 2012 | Comments Off on Singapore inflation ticks up in June

Singapore’s consumer price index (CPI) for June grew 5.3 percent from last year and was higher than May’s 5.0 percent.

The inflation number was also slightly above the 5.2 percent median forecast of 13 economists polled by Reuters.

Meanwhile, the Monetary Authority of Singapore’s (MAS) core inflation measure rose 2.7 percent year-on-year and was flat month-on-month.

MAS and the Ministry of Trade and Industry (MTI) declared that “core inflation will ease further in 2H2012 and average between 2.5 to 3.0 percent for the whole year”.

However, headline inflation is expected to stay in the upper half of the 3.5 to 4.5 percent official forecast this year.

“It’s a tad higher than expected. It’s always a case of playing cat and mouse with the two culprits – housing or private transportation CPI,” noted Song Seng Wun, an economist at CIMB Research.

“This time it was the housing rental side which caused the CPI to be a little bit more firm than what we were going for.”

“The good thing is that despite the ups and downs of housing and private transportation costs, the underlying inflation – the MAS core – remained relatively stable at 2.7 percent,” Song added.

Source PropertyGuru – 2012 Jul 24

 

 

 

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