The Impact of the 6th Round of Property Cooling Measures

By Mr. Propwise The MAS announcement on October 5, 2012 of the new restrictions on mortgages has been well covered by the media. In this article I will focus more on my thoughts on the impact of these measures on the market, and also present some concrete illustrations of how these measures will impact different…

Singapore Property News This Week #70

Residential Property market may heat up from QE3 With the influx of US$40 billion into the US economy each month under the QE3, there have been worries that this could lead to an influx of foreign funds into the property market in Singapore, potentially leading to more rounds of cooling measure. However, some said that…

How Interest Rates and Yields Affect Property Prices

By Mr. Propwise Interest rates have a significant effect on the real estate market as they affect both the cost of taking a mortgage from the bank to fund the property purchase, and the relative attractiveness of the property purchase versus other investment alternatives. Since the Global Financial Crisis in 2008, we have been in…

Singapore Property News This Week #61

Residential H1 2012 sales are higher than H1 2011’s despite fall in June Developers sold a total of 1,371 units, excluding ECs, in June, a 19.5% fall from May’s figures but a 16% increase from June 2011. Despite this, the total for H1 2012 is 12,098 units, up from H1 2011’s 8,039 units and nearly…

Singapore Property News This Week #58

Residential Prices for high-end homes likely to fall by 10-20% As the average price gap between the high-end and the mass market residential market narrows from 98% (from Q1 2004 to Q1 2012) to 82% in Q1 2012, the high-end home prices will likely fall a further 10-20% as a result of the ABSD. The…

Property Prices at a Turning Point

By Mr. Propwise From the URA’s recent release of the 4Q2011 private residential property index, property price increases in Singapore have almost screeched to a halt. Prices were up just 0.2% in 4Q2011 on a quarter-on-quarter basis and 5.9% on a year-on-year basis. At the current levels the price index is 16.2% above the previous…

Singapore Property News This Week #28

Residential Reversal for prices of non-landed private homes – prices rose by 0.9% After three months of negative or zero growth, prices of non-landed private homes rose by 0.9% in October, according to National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI). Prices of new launches were strong in the earlier months but prices…