Chinese developers could be coming here with a different objective. Singapore is a highly regarded residential property market and it reflects the expertise of developers in many ways. Chinese developers will want to have a footprint here to showcase their Singapore projects back home or other markets in the region and may not mind selling the units even at lower margins.
https://sgluxurycondo.com/news/chinese-money-lifts-singapore-housing-market-sentiment/
Friday, May 26, 2017
Tuesday, May 23, 2017
Q1 2017 Private Property Research | Relaxation of first Cooling Measures & Demand for New Launches.
- The second quarter of the year is likely to feature a few more exciting project launches such as Commonwealth Towers, Amber Skye, and Queens Peak.
- The total new sales transaction volume in H1 2017 is expected to reach 4,500 units, as compared to 3,675 in H1 2016.
- We maintain our projection of total sales volume for 2017 at 8,000 to 9,000 units, amid returning interest from locals and foreign buyers and the outstanding quality of new project launches that has brought significant owner-occupation interest back into the market.
- Island-wide private home prices will continue to decline, with landed home prices falling slightly more. Non-landed prices in the RCR and OCR are expected to face marginal declines or hold firm as market sentiments appear to have improved significantly in recent months.
More information here.
https://sgluxurycondo.com/news/q1-2017-residential-research/
Friday, May 19, 2017
Higher bids drive up premiums for GLS sites
Depleting landbanks and strong private home sales at recent launches have encouraged developers to bid aggressively for recent GLS sites.
According to Cushman & Wakefield’s latest report, the aggressive bidding at public land tenders this year saw developers paying 29% more on average for residential plots over comparable sites sold in the past five years. This was a sharp increase from an average premium of 13% in 2H2016.
For more information, visit and read more here.
Thursday, May 18, 2017
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