Non-Landed Private Rents decrease by 0.3%, HDB Rents decrease by 0.5% in November 2017

Source: SRX property

(Source: SRX Property. Dec 13, 2017) Private non-landed home rentals declined by 0.3% from October 2017 to November 2017. Year-on-year, rentals declined by 1.2% from November 2016 to November 2017.

 In the HDB rental market, rentals fell by 0.5% from October 2017 to November 2017. Year-on-year, rentals decreased by 2.9% from November 2016 to November 2016.

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Singapore: Housing the millennials

Source: EdgeProp

(Source: EdgeProp. Dec 4, 2017) In a recent survey by CBRE, 63% of respondents born during the early 1980s to mid-1990s are still living with their parents. What’s even more shocking is that of the respondents who have fled the roost, 60% are living in rented accommodations. How will this shape Singapore’s property market?

Click here to read about the factors influencing Singapore’s millennials property buying decisions.

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Investing Beyond Singapore’s Residential Sector

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Looking to invest beyond Singapore residential market but don’t know where and what? The Edge Property organised an event on 15 July where they invited market experts to share their insights on Vietnam, Australia and Malaysia property markets, and also Singapore REIT market. We were invited to share our thoughts on Australian property market.

The highlights of the event were reported in the issue of The Edge Property, The Week of July 24, 2017, click here to read more.

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Singapore Primary Home Sales Fell 20% M-o-M in June

Image FundPlaces Research

Singapore private residential primary home sales registered 3 consecutive months of decline in June. Developers sold a total of 820 units of new homes in June, a decline of 20% m-o-m. This is the first time where the monthly sales fell below 1,000 units, after 3 consecutive months of sales surged above 1,000 units. The decline of primary home sales in the recent months was mainly due to the lack of new launches in the market. In June, developers only released additional 159 units, 53% less than the previous month.

Click here to read more: 201707 – Singapore residential market update – FundPlaces

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Singapore Primary Home Sales Fell 34% M-O-M in May

Image FundPlaces Research

Singapore private residential primary home sales fell in May. Developers sold a total of 1,024 units of new homes in May, a decline of 34% m-o-m and 3% y-o-y. The decline was due to the lack of new launches in the market. Developers only released additional 339 units in May, which is 79% less than a month ago and 75% less than a year ago.

Download the full report for more detailed analysis: 201706 – Singapore residential market update – FundPlaces

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Singapore: GuocoLand To Launch Luxury Condo In Robertson Quay

Goodwood-Residence-by-GuocoLand

(Source: The Straits Times, 7th July 2017)  On July 22, GuocoLand is set to launch the first large-scale project in the Robertson Quay neighbourhood in 8 years – its new luxury Martin Modern condominium project. The units will be released to buyers in phases, and while detailed pricing has not been fixed yet, units will start selling from $1.8 million for the smallest 2-bedders apartments, at about $2,300 per square foot (psf).

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Singapore: URA Launches Sale Of Old Beach Road Police Station Site

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(Source: The Straits Times, 6th July 2017)  The Urban Redevelopment Authority (URA) has launched the sale of a two-hectare commercial site located at Beach Road. This sale was reportedly triggered after an application from a developer was submitted to the URA. The developer committed to bid at a price of not less than $1.138 billion for this site.

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Singapore: Good Class Bungalow Market Tepid

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(Source: The Straits Times, 6th July 2017)  The Good Class Bungalow (GCB) market remains lukewarm as a whole even amidst gradually increasing sales of smaller units. To provide further insight, the total number of bungalows in GCB areas with a minimum plot size of 1,400 sqm sold in the first half of 2017 was 1 down from the 11 sold in the same period last year, standing at 10 units. It could be considered that this slowdown in GCB transactions could possibly be a result of the lack of available good stocks of GCBs for sale.

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