property sector report

Private residential prices, REITs to see strong sequential growth ahead: Jefferies

SINGAPORE (Apr 4): Singapore’s property sector will see a strong growth, especially in its private residential prices and real estate investment trusts (REIT), according to Jeffries.

The Urban Redevelopment Authority (URA) estimates that the private residential property price index increased 4.3 points from 138.7 points in 4Q17 to 143.0 points in 1Q18, representing an increase of 3.1%, compared to the 0.8% increase in the previous quarter.

This recovery is led by prices of prime properties.

Singapore residential property sales likely 'stabilised': DBS

SG property

SINGAPORE (June 17): Singapore’s year-to-date residential sales volume “appears to have stabilised” and property prices are expected to decline at a slower pace, DBS says in a property sector report on Thursday.

Overall, 1,388 residential units were sold in May 2016, an 8% increase compared to the previous month, and up 63% from the 853 units sold in May last year.

Sales of private homes surged 64% y-o-y in May to 1,056 units, boosted by new property launches Gem Residences and Stars of Kovan.

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