Singapore - Housing 17 (Feb 16 - Mar 19)

[winston]

Spore Properties - Slow Rise?
i) Prices declined by 12% since 2013
ii) Supply: 13,000 in 2017; 9300 in 2018; 7300 in 2019
iii) Americans became the 2nd most frequent buyers of high-end homes
iv) Land released: 8125 units in 2H, 2017 vs 7,465 units in 1H, 2017
v) Glut of unsold homes eased by 21% in 1H 2017
vi) Homes Sold: 6905 2Q2017 vs 6945 2Q 2103 (highest quarterly)
vii) Mar 2017: Stamp Duty reduced from 4 to 3 years; Tax reduced to 12%, 8% and 4% for the first, second and third year respectively.
viii) MS: Expects prices to rise by 10% by end 2018
ix) Recent collective sales displaced some 1,500 home owners across 7 projects
x) MS: Unsold inventory has fallen to a record 22-year low of 17,000 units
xi) OCBC: Prices flat in 2017 and to appreciate 3% to 8% in 2018

[behappyalways]

Competition heats up as foreigners bid for a slice of Singapore's property pie
http://sbr.com.sg/commercial-property/i ... operty-pie

[behappyalways]

Singapore Property Is Missing Something
https://www.bloomberg.com/gadfly/articl ... -something

[behappyalways]

Allgreen Properties acquires Royalville and Crystal Tower
https://www.edgeprop.sg/property-news/a ... stal-tower

[behappyalways]

Tender prices for Jiak Kim and Fourth Avenue sites set benchmark despite MAS warning
https://www.edgeprop.sg/property-news/t ... as-warning


LAND PARCEL AT JIAK KIM STREET
https://www.ura.gov.sg/uol/-/media/User ... 17-82a.pdf


LAND PARCEL AT FOURTH AVENUE
https://www.ura.gov.sg/uol/-/media/User ... 17-82b.pdf

[behappyalways]

mas-warns-property-buyers-against-weak-rental-market-and-interest-rate-hikes
https://www.theedgesingapore.com/mas-wa ... rate-hikes

[winston]

Singapore’s residential property market is mainly expected to be driven by the declining supply of new homes

As of 3Q17, there were only 16,031 unsold private residential units compared to >35,000 unsold units in 4Q12.

Even with the recent en-bloc frenzy, URA expects these redevelopments to be completed only from 2021 onwards.

Among Singapore-listed property developers that may potentially benefit from the tightening demand/supply dynamics are City Development, UOL, CapitaLand and GuocoLand.

Source: KGI

[winston]

Losses mount in resale market

By Lin Zhiqin

Source: The Edge Property

https://www.edgeprop.sg/property-news/l ... b0-1910617

[winston]

3 real estate developers to 'buy' amid accelerating growth in Singapore property

By Stanislaus Jude Chan

“Our top picks are UOL Group, Wing Tai Holdings and OUE Limited”

Source: The Edge

https://www.theedgesingapore.com/3-real ... e-property

[behappyalways]

Curb Your Enthusiasm for Singapore Property
https://www.bloomberg.com/gadfly/articl ... e-property


Private new home sales up 34% y-o-y in 2017
https://www.edgeprop.sg/property-news/p ... y-o-y-2017