property market

Singapore is seeing an unprecedented mortgage slowdown

SINGAPORE (Jan 25): Rising interest rates and the latest round of property curbs have put the brakes on mortgage demand at Singapore’s banks, potentially further dragging down the city’s housing market.

Home-loan growth slowed to 1.9% in the first 11 months of 2018, less than half the 4.2% increase posted in 2017, the latest Monetary Authority of Singapore data show. Mortgage growth will stay stuck below 2% this year, according to Diksha Gera, an analyst at Bloomberg Intelligence.

Singapore housing curbs won't cool prices: Morgan Stanley

(Oct 12): Singapore home prices may rise as much as 10% by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to according to Morgan Stanley.

Singapore en bloc sales collapse after latest property curbs

(Oct 10): Singapore residential-property investment sales have collapsed after the latest round of housing curbs put the brakes on ‘en-bloc’ redevelopment deals.

Just two redevelopment sales worth $353 million were completed in the third quarter, down from $3.8 billion of transactions the previous quarter, according to data compiled by Cushman & Wakefield Inc. That pushed total real estate investment sales down 42% to $6.5 billion last quarter.

Hong Kong housing correction of 15% possible, Gaw Capital says

(Sept 14): A correction in Hong Kong property prices of as much as 15% in the first half of 2019 is possible as interest rates rise and the tide of money flowing in from mainland China recedes, according to Kenneth Gaw, president of Gaw Capital Partners.

That could present a buying opportunity for the Hong Kong-based private-equity firm, which recently purchased a portfolio of shopping malls in the city and which is in the process of raising its sixth Asian fund, Gaw said on the sidelines of the Milken Institute Asia Summit in Singapore on Thursday.

3 developers that could benefit most from the property boom

SINGAPORE (Mar 21): A rising tide is said to lift all boats. But amid a wave of en bloc deals on the back of improving sentiment in the Singapore property sector, SAC Advisors believes some developers could cruise to greater heights than others.

Singapore home prices rise for quarter adding to rebound signs

SINGAPORE (Jan 2): Singapore home prices rose for a second straight quarter, reinforcing signs the city-state’s property market is emerging from a four-year slump.

An index tracking private residential prices rose 0.7% in the three months ended Dec. 31, building on a 0.7% gain the previous quarter, according to preliminary data from the Urban Redevelopment Authority released Tuesday. For 2017, prices rose 1% compared to a 3.1% decline in 2016, the data showed.

Where to invest now?

SINGAPORE (Dec 18): Despite a big run in global stock markets this year and clear indications that interest rates are on an upward trajectory, there is still plenty of money to be made if investors focus on the right sectors and keep an eye on valuations. That is the broad consensus of the four speakers at The Edge Singapore’s 2017 Year-End Investment Forum, held at Suntec Singapore International Convention & Exhibition Centre on Dec 9.

Singapore's home sales gain with annual tally highest since 2013

SINGAPORE (Dec 15): Singapore’s home sales rose in November, extending gains for a year that is already the best since 2013, as developers marketed more projects.

Developers sold 785 units last month, up from a revised 760 in October, according to Urban Redevelopment Authority data released Friday. They also launched more units, 450 versus 242, the data showed.

Singapore readies for property market recovery

(Nov 14): A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018.

A Chinese group lobbed a winning record bid for a residential plot, while Guocoland paid a record per-square foot price for an office development site in the central business district. Office rents last quarter rose for the first time in 2 1/2 years and home prices ended a four-year slide.

Hong Kong property market at risk, finance chief warns

(Sept 12): Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply.

Chan warned in June that Hong Kong’s property market is in a “dangerous situation” and vulnerable to a correction. Hong Kong Chief Executive Carrie Lam describes housing as citizens’ No. 1 concern and recently set up a task force on increasing land supply as she tries to rein in ever-escalating prices.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter