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Thread: Another GURU 2cent prediction...

  1. #1
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    Default Another GURU 2cent prediction...




    Nov 23, 2012 - PropertyGuru.com.sg

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    By Andrew Batt:
    The number of private home sales in Singapore could drop by more than 20 percent in 2013 after “spectacular” increases this year.

    David Neubronner, Head of Residential Project Sales for Jones Lang LaSalle (JLL), issued the warning this week, suggesting that the number of sales this year, which is expected to reach 22,000 units, will correct to “more healthy levels of about 16,000 units” in a worst-case scenario.

    In an exclusive interview with The PropertyGuru, he said: “Put in perspective the jump this year, from 15,800 in 2011 to probably 22,000 by the end 2012, has been spectacular. We believe this is not sustainable moving forward and should correct next year."

    “In the worst scenario, we estimate the market to correct to the healthy levels of about 16,000 units which were achieved in 2010 and 2011. This is taking into account the anticipated economic slowdown in 2013, clampdown on residency and employment of foreigners.”

    Neubronner is also not ruling out a further wave of government cooling measures. He said: “The possibility is always there as long as the buying continues. Based on the recent robust sales volumes and concerns of market foaming, there is always the possibility of another round of measures to take the steam out of the market.”

    Neubronner predicts that landed property sales will remain resilient given the limited supply and perennial demand, along with the general aspiration of Singaporeans to upgrade to a landed property. The luxury segment has seen sales volume and values declining over the past year and, according to Neubronner, should bottom out any time soon.

    “We anticipate a recovery next year given the values and opportunity on offer,” he added.

    The mass and middle market segments are expected to see most of the correcting in 2013, he said, adding that these sectors have been running up rapidly over the past year.

    Neubronner also expects the proportion of foreign buyers, which now stands at roughly 20 percent, to stabilise. He said: “Singapore will continue to attract foreign buying interest for a million reasons and we believe the series of measures introduced over the past years will more likely subdue the Singaporeans appetite than the foreigners.”

    Neubronner concluded by saying: “Although sales volume will decline, we expect prices to stabilise next year. The fundamentals, like a stable economy with high employment, low interest rates, a robust leasing market in the suburban areas and the overall bullish sentiments, are still strong and we do not see these changing in 2013.”














  2. #2
    Office Boy

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    This is the problem when people dont need to be responsible for what they say... they just say anything that gets them on the headlines.

    These are the same analysts who predicted that property prices will plunge 30% in 2012 after the CM5 which included the 10% ABSD for foreigners.

    At most we should ignore these people.

    So far, my prediction is better than this chap ... if u check my posts since 2011 and early 2012, I predicted that prices will move up abt 1% every month/quarter and so far it is spot on. They should give me some award, I think.... Something like Best Property Office Boy award!

    DKSG

  3. #3
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    So what's your prediction going forward?



    Quote Originally Posted by DKSG
    This is the problem when people dont need to be responsible for what they say... they just say anything that gets them on the headlines.

    These are the same analysts who predicted that property prices will plunge 30% in 2012 after the CM5 which included the 10% ABSD for foreigners.

    At most we should ignore these people.

    So far, my prediction is better than this chap ... if u check my posts since 2011 and early 2012, I predicted that prices will move up abt 1% every month/quarter and so far it is spot on. They should give me some award, I think.... Something like Best Property Office Boy award!

    DKSG

  4. #4
    tweet @condoexchange

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    Drop in numbers could only mean prices UP UP UP since we not reach 6mil target yet.

  5. #5
    Global recession is coming....

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    They will sure not give you any award because they are discouraging people to buy properties lah! They would prefer you keep money in CPF and in the banks or buy unit trusts or insurance or their bonds or endowment... Create jobs for bankers, insurance agents, fund managers etc, provide cheap money to all their companies, investments, ...
    If follow what you said, cannot lah!

    Quote Originally Posted by DKSG
    This is the problem when people dont need to be responsible for what they say... they just say anything that gets them on the headlines.

    These are the same analysts who predicted that property prices will plunge 30% in 2012 after the CM5 which included the 10% ABSD for foreigners.

    At most we should ignore these people.

    So far, my prediction is better than this chap ... if u check my posts since 2011 and early 2012, I predicted that prices will move up abt 1% every month/quarter and so far it is spot on. They should give me some award, I think.... Something like Best Property Office Boy award!

    DKSG

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