Page 1 of 21 1234567891011 ... LastLast
Results 1 to 10 of 207

Thread: S'pore property prices may continue climbing: survey

  1. #1
    Bricks & Mortar

    User Info Menu

    Default S'pore property prices may continue climbing: survey

    [B][URL="http://www.channelnewsasia.com/stories/singaporelocalnews/view/1144363/1/.html"]http://www.channelnewsasia.com/stories/singaporelocalnews/view/1144363/1/.html[/URL][/B]

    [B]S'pore property prices may continue climbing: survey[/B]
    By Millet Enriquez | Posted: 01 August 2011 1950 hrs


    SINGAPORE: Singapore property prices may continue climbing this year, contrary to a widely expected downturn, according to results of a survey by online portal PropertyGuru.com.sg.

    Most respondents said property in Singapore will remain expensive, and they are setting their sights on alternatives like commercial property and real estate investments overseas, the survey showed.

    Rising property prices are pushing would-be home buyers to hold off their plans as they do not believe that the much-anticipated downturn will materialise this year.

    Steve Melhuish, CEO and co-founder of PropertyGuru.com.sg, said the survey itself would not have an impact on the market. However, it is like a temperature check.

    He said: "(What it says is that) they expect the transactions and prices to carry on going up and so the expectation is that they are going to have to pay a higher price in the future. And as a result of that, they want the government to do more."

    Analysts said prices for government-subsidised housing, or HDB flats, could jump 12 per cent this year, while private homes might climb as much as 10 per cent.

    Adam Tan, corporate communications manager, PropNex, said: "I think we can see from the survey that there are people who are unhappy and they would like the prices to come down. And that is reflective of the market, prices are indeed increasing and don't look to drop any further."

    This year, HDB resale prices have risen around 3 per cent, while private home prices were up about 2 per cent.

    Buyers are now setting their sights on commercial properties - where the rental returns are more attractive - and overseas properties, with Malaysia, India and Australia the top choices.

    Tom O'Reilly, director of Singapore Tenancy Management, said: "Malaysia as a country has extremely strong fundamentals and the property market in Malaysia tends to be a lot less volatile than Singapore.

    "For the same amount of money, people can often afford to invest in multiple properties in Malaysia, which help them diversify risk but also still generate a positive return."

    However, a downward correction for Singapore property prices may still lie ahead.

    Analysts such as Bank of America Merrill Lynch are underweighting residential properties on potential oversupply between now and 2015.

    It is favouring commercial property stocks like UOL and OUE, and real estate investment trusts like CapitaMall Trust, Starhill and ARA.

    SIAS Research also sees positive prospects for commercial REITs on expected rental and values growth in the next few years.

    Its top pick is K-REIT for its prime Grade A commercial properties such as Marina Bay Financial Centre and One Raffles Quay.

    While Grade A office rentals have increased, analysts say it is still 36 per cent off its peak levels in 2008.

    - CNA/al

  2. #2
    Newbie

    User Info Menu

    Default

    And volume of transactions will continue falling???

  3. #3
    property soul

    User Info Menu

    Default

    Sellers are firm on asking prices while buyers are hesitating to commit.

    It all depends on the economy in the coming months --- whether there will be further slowdown or onset of a new financial crisis. For the latter, it will start with a drop in volume, followed by transacted prices.
    [URL="http://propertysoul.com"]http://propertysoul.com[/URL]

  4. #4
    Valued Contributor

    User Info Menu

    Default

    No one will know one. Every month, we have few hundred analysts - some saying up, some saying down. Surely, there will be some correct (either up or down isn't it?). In Q12008, many analysts say prices will hold. US will not affect Singapore much because got China. Really?

    In Q12009, many analysts say property will continue to drop 20%.

    I rest my case. No one will know. Anyway, isn't it a known fact prices only drop in the event of a major shock like Asian Financial Crisis, US financial meltdown etc ?????? So why are analyst still talking as if there are many factors? I think I can be senior analyst already

  5. #5
    Perennial

    User Info Menu

    Default

    Because somebody's loss is another someone else's gain.
    US's loss is Asia's gain? Amist the economic turmoil, the rich have grown richer (the poor have become poorer) and some companies have made record profits. The need for products and services won't dissappear suddenly. People will still consume.

    [URL="http://www.channelnewsasia.com/stories/singaporelocalnews/view/1144385/1/.html"]For the next 50 years, PM Lee said the government would continue to take a long-term, rational perspective, remain an international hub, and be open to global investments and talent.[/URL]
    The SG population isn't going to decrease. It's going to increase. The transportation companies are investing money in ramping up their capacity.

    Demand will increase.
    Supply is increasing.
    Will supply outpace the demand and cause prices to drop? Place your bets!

  6. #6
    Junior

    User Info Menu

    Default

    In the first place, Asia property prices are not suppose to drop in Year 2009 since problems are in the West but it did drop because of panic running amok globally.

    From Year 2009 to 2011, people figured out that Asia is the place that is more stable..... so funds are parking here.

    People who are expecting another crash in SG property or severe correction are assuming Singapore market and other Asian markets are very very developed like the West with bubbles, which we aren't.

    This is just the beginning of the rise of Asia or East or the bubbles at infant stage.

    From Year 2009-2011, people realised that Asia is safer.....

    Assuming if US and Europe tanks..... where would the funds go?

    Which currency can survive as the next safe haven?

    The answer is pretty clear.

    Credit given to government for re-branding Singapore using 2 x IR and Formula One.

  7. #7
    Newbie

    User Info Menu

    Default

    [I]Assuming if US and Europe tanks..... where would the funds go?

    Which currency can survive as the next safe haven?

    [/I][B]I think those western country politicians should be smart enough to avoid that to happen.[/B]

    Printing money is the 1st step...

  8. #8
    Newbie

    User Info Menu

    Default

    Quote Originally Posted by solsys
    In the first place, Asia property prices are not suppose to drop in Year 2009 since problems are in the West but it did drop because of panic running amok globally.

    From Year 2009 to 2011, people figured out that Asia is the place that is more stable..... so funds are parking here.

    People who are expecting another crash in SG property or severe correction are assuming Singapore market and other Asian markets are very very developed like the West with bubbles, which we aren't.

    This is just the beginning of the rise of Asia or East or the bubbles at infant stage.

    From Year 2009-2011, people realised that Asia is safer.....

    [COLOR=red]Assuming if US and Europe tanks..... where would the funds go?[/COLOR]
    [COLOR=darkred][/COLOR]
    Which currency can survive as the next safe haven?

    The answer is pretty clear.

    Credit given to government for re-branding Singapore using 2 x IR and Formula One.
    If US and EU tanks then what you think will happen? What US will do with all its military might?
    War is the way US and EU had economic prosperity ..why you think it will be different this time?

  9. #9
    Senior

    User Info Menu

    Default

    Quote Originally Posted by evergreen
    Will supply outpace the demand and cause prices to drop? Place your bets!
    I suspect demand will outpace supply. Our lovely govt kept saying our country need foreign talents blar blar blar so they will merely open that tap whenever the need arises coz its the easiest way to solve any dire manpower shortages! What are you betting on?

  10. #10
    Perennial

    User Info Menu

    Default

    I just placed my 20% bet on demand outpacing supply. Good luck to me

Page 1 of 21 1234567891011 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •