What Should Property Investors Do With Their Money Today?

By guest contributor Gerald Tay Dear Readers, I want to share some personal thoughts and investment decisions based on the 2013Q1 URA PPI flash estimate and what it means for the property market. The 2013Q1 estimate of 213.1 represents a 0.5% quarter-on-quarter increase, which is a moderation from the 1.8% q-o-q pace we saw in…

Singapore Property News This Week #92

Residential Developers not optimistic about the property market With the latest round of cooling measures, developers are now less optimistic about the property market, as reflected in the Redas-NUS Real Estate Sentiment Index (RESI) Current Sentiment Index, which fell from 5.1 in Q3 2012 to 4.6 in Q4 2012. The Future Sentiment Index also fell…

Have Industrial Property Prices Spiraled Out of Control?

By Mr. Propwise While everyone (including the government) has focused their attention on the residential market, one segment that has gone through the roof is industrial property. In 3Q2012 the Industrial Property Price Index registered a stunning 8.8% quarter-on-quarter growth to hit 183.3, an all-time high. This was the twelfth quarter of growth, and unlike…

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…

Getting Perspective on the Property Market Numbers

By Getty Goh (guest contributor) You may have come across numerous media reports that talked about how well the primary property market did in January 2012.  Specifically, a media report cited that the total number of sales exceeded 2,000 in the month of January alone.  This came hot on the heels of Additional Buyers Stamp Duty…

Singapore Property News This Week #31

Residential A need for clearer ABSD guidelines The Additional Buyer’s Stamp Duty (ABSD) is the latest governmental measure aimed at cooling the residential market. The ABSD is imposed on foreigners and companies buying any residential property (including residential land), permanent residents buying their second and subsequent property and Singapore citizens buying their third and subsequent…

Singapore Property News This Week #29

Residential Savills: Less high-end residential transactions, but more non-PR purchase In a study by Savills Singapore, there have been fewer transactions in the market for high-end homes, but the proportion of non-permanent residents foreigners who bought such properties have increased. From January to November this year, there were1,285 caveats lodged for apartments and condos priced…

Taking the Road Less Travelled – Part One

by Mr. Propwise This is Part One of an interview with Getty Goh on his tips for investing in overseas property, and his experiences developing an overseas property project. In Part One we ask Getty whether it makes sense to even look at overseas property investments, the differences between investing overseas and in Singapore, and…

Will the Upcoming Supply Cause Property Prices to Fall?

By Mr. Propwise In an interesting and contrarian report, Dr. Chua Yang Liang of Jones Lang Lasalle argues that the surge in upcoming supply will not cause property prices to fall. In this article I will sum up his arguments and add some of my own thoughts. Recently several property analysts have been arguing that…

Are We Talking Up the Market?

This year started off strongly for Government Land Sales (GLS) en-bloc sales. Under the GLS, seven residential sites, including two for executive condominiums, were launched and sold, generating over S$2.5 billion for government coffers. With the residential market hot from robust sales volumes and continued strong interest from developers, I am concerned that some of…