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Singapore’s property market in a standoff

Singapore’s property market has entered a standoff between bargain-seeking buyers and developers sticking to their pricing guns, with March’s new home sales dropping 82 percent from a year earlier. “Buyers think they can have their cake and eat it,” said Alan Cheong, senior director for Singapore at Savills Research. “They are expecting the other side

Developers lower prices for units at uncompleted projects

The selling prices at some uncompleted projects have fallen over the past three months between the range of 1% to 7% as developers aim to clear stock that have been on the market for some time. According to data from the Urban Redevelopment Authority, the median prices from Urban Vista in Tanah Merah, The Glades

HDB resale: Parties must agree on price before valuation – TODAYonline

SINGAPORE — With effect from yesterday, buyers and sellers of Housing and Development Board (HDB) resale flats will have to agree on a price before getting an official valuation, in contrast to the previous long-standing practice where negotiations were determined by a unit’s valuation report and how much a buyer was willing to pay above

Singapore, Hong Kong housing faces ‘double whammy’

Property markets in Singapore and Hong Kong have been driven relentlessly higher for years, but now both cities could be facing a double-whammy of higher interest rates and a surge in new supply. “We saw both of these markets really pushing into what was feared to be bubble territory,” in the wake of the U.S.

URA Q4 2013 Singapore Real Estate Statistics

Prices of private residential properties decreased by 0.9% in 4th Quarter 2013. This was the first time that overall prices have fallen since 1st Quarter 2012. For the year 2013 as a whole, prices of private residential properties increased by 1.1%, lower than the 2.8% increase in 2012. Prices of non-landed properties in the Core

5 Facts You Probably Didn’t Know About the Singapore Property Market

Fact #1 – Singapore Has a Higher Population Density than Hong Kong Many people regard Hong Kong as one of the countries with the highest population density in the world. To a large extent, this is true. Based on their population of 7,182,724 (July 2013 estimate) and their land size of 1,054 square kilometers (sqkm),

Singapore Quarterly Home Price Has First Drop in Two Years (1)

Singapore’s fourth-quarter home prices slid for the first time in almost two years, trimming annual gains to the smallest since 2008 as mortgage curbs cooled prices in the Southeast Asian city. The private residential property price index fell 0.9 percent in the three months ended December, more than the 0.8 percent drop based on preliminary

Singapore home sales drop to lowest since 2009 on toughest curbs | Bangkok Post: breakingnews

Singapore’s home sales plunged 82% in December from a year ago, ending the year at the lowest since 2009, as the government implemented its toughest measures to curb record prices. Home sales slid to 259 units last month compared with 1,410 in December 2012, according to data from the Urban Redevelopment Authority released on Wednesday.

How the Fed saved Singapore J.J. Zhang’s Winner Take All

SINGAPORE (MarketWatch) — The Fed may have saved Singapore. Or at least postponed the apocalypse. It’s been no secret Singapore property prices have climbed dramatically recently, jumping almost 100% in the last four years. The median private condominium now sells for well over 1 million Singapore dollars, approximately $800,000 for a 1,000 square-foot property. There

Singapore Central Bank Says Property Market ‘Stabilizing’

Singapore home sales fell to a four-year low and the central bank said the nation’s property market is stabilizing. Annual home sales dropped 33 percent to 15,301 units in 2013, according to government data released today. New housing loans have declined and household balance sheets are strong, the Monetary Authority of Singapore wrote in an

Asia Firms Go Abroad on Hong Kong to Singapore Curbs: Mortgages

Developers in Singapore and Hong Kong, cities which last year implemented some of their most-restrictive curbs to rein in residential property prices, are shifting focus to the U.S., China and the U.K. as demand is stifled at home. OUE Ltd., the Singapore developer that last year agreed to buy California’s tallest building, is weighing investments

OCBC offers ringgit loans for Singapore housing | theSundaily

PETALING JAYA (Jan 14, 2014): OCBC Bank (Malaysia) Bhd is expanding its ringgit loan facility for residential properties in Singapore in line with its positioning as a global premier mortgage provider for overseas properties. OCBC Bank already offers overseas financing in two other major countries, Australia and United Kingdom, and the Singapore financing facility is