propertywise
01-11-16, 12:32
Housing Development Board flats resale prices are seeing signs of stabilization with the third quarter of 2016 prices remained unchanged in comparison with the previous three months period as this is release from the data of the Housing Development Board. How does this compare to new condo (https://www.newlaunch.sg/), new condominium (https://www.newlaunch.sg/) or new launch condo (https://www.newlaunch.sg/) data?
The number of transactions for the resale units however, fell from five thousand eight hundred and thirty eight to five thousand five hundred and fourteen cases in the second quarter to 5,514 cases in the third quarter. Will there be any impact on the prices of strata landed (https://www.newlaunch.sg/) or landed properties (https://www.newlaunch.sg/) in Singapore real estate market?
At the same time, there is a fall in the Housing Development Board subletting or rental market with the percentage of Housing Development Board approval fell by eight point eight percent from eleven thousand eight hundred and twenty four in the second quarter to ten thousand seven hundred and eighty nine units in the third quarter. Fifty two thousand three hundred and ninety four units of Housing Development Board units had been rented out in the third quarter and fifty two thousand one hundred and seventy one units in the second quarter registering a rise of zero point four percent.
Price gap or expectation between buyers and sellers seems to be narrowing indicating some signs of price stabilization in the Housing Development Board market and as such, barring every form of unforeseen economic shocks or political development, the resale market is entering into a state of stability where some new equilibrium may be achieved. There is this possibility of interest rate hike by the US Fed rate which may pose a concern but this can be mitigated by the grants offered by the government. Any impact on new condo launch (https://www.newlaunch.sg/) sentiment?
Public homes in the central region command high prices by virtue of their location and this will continue to be so unless the government starts to relook and redefine to protect the public housing objectives especially for those public housing units in the central region and enact new policies aim at protecting the public housing objective in the central region. How does this influence property prices (https://www.newlaunch.sg/)?
In the pipeline, there are about five thousand and ninety units of new Housing Development Board flats in Bedok, Bidadari, Kallang Whampoa and Punggol to be launched under the Build to Order exercise in November. In addition, about five thousand balance units will be concurrently put up for sales in the Sale of Balance Flats exercise.
Current new launches : (1) Forest Woods (https://www.newlaunch.sg/forest-woods/) by CDL (2) Alps Residences (https://www.newlaunch.sg/alps-residences/)
New launches in the pipeline :
12 On Shan (https://www.newlaunch.sg/12-on-shan/) in Balestier in District 12. 12 On Shan condo (https://www.newlaunch.sg/12-on-shan/) is located along Shan Road. This 12 On Shan condominium (https://www.newlaunch.sg/12-on-shan/) is developed by TA Realty, a renowned developer known for its excellent quality workmanship and generous provision of branded fittings. 12 On Shan price (https://www.newlaunch.sg/12-on-shan/) is expected to be attractively set according to the market sentiment. Developer will release all the 12 On Shan site plan (https://www.newlaunch.sg/12-on-shan/), 12 On Shan floor plan (https://www.newlaunch.sg/12-on-shan/) and 12 On Shan brochure (https://www.newlaunch.sg/12-on-shan/) once the architecture details are confirmed. 12 On Shan showflat (https://www.newlaunch.sg/12-on-shan/) will be ready for its preview launch soon and viewing is by appointment through the respective authorised marketing agency.
Clement Canopy (https://www.newlaunch.sg/clement-canopy/) is developed by a joint venture company set up between UOL and Singland Homes. Clement Canopy condo (https://www.newlaunch.sg/clement-canopy/) is located along Clementi Avenue 1 in Clementi of District 5. This Clement Canopy condominium (https://www.newlaunch.sg/clement-canopy/) is a 99 years leasehold sitting on a government. The Clement Canopy price (https://www.newlaunch.sg/clement-canopy/) will be closely watched and highly anticipated to be attractive being a 99 years leasehold property. Clement Canopy showflat (https://www.newlaunch.sg/clement-canopy/) is in the process of construction and both the Clement Canopy floor plan (https://www.newlaunch.sg/clement-canopy/) and Clement Canopy brochure (https://www.newlaunch.sg/clement-canopy/) will be released nearer to the completion of the Clement Canopy new condo (https://www.newlaunch.sg/clement-canopy/) showflat.
The number of transactions for the resale units however, fell from five thousand eight hundred and thirty eight to five thousand five hundred and fourteen cases in the second quarter to 5,514 cases in the third quarter. Will there be any impact on the prices of strata landed (https://www.newlaunch.sg/) or landed properties (https://www.newlaunch.sg/) in Singapore real estate market?
At the same time, there is a fall in the Housing Development Board subletting or rental market with the percentage of Housing Development Board approval fell by eight point eight percent from eleven thousand eight hundred and twenty four in the second quarter to ten thousand seven hundred and eighty nine units in the third quarter. Fifty two thousand three hundred and ninety four units of Housing Development Board units had been rented out in the third quarter and fifty two thousand one hundred and seventy one units in the second quarter registering a rise of zero point four percent.
Price gap or expectation between buyers and sellers seems to be narrowing indicating some signs of price stabilization in the Housing Development Board market and as such, barring every form of unforeseen economic shocks or political development, the resale market is entering into a state of stability where some new equilibrium may be achieved. There is this possibility of interest rate hike by the US Fed rate which may pose a concern but this can be mitigated by the grants offered by the government. Any impact on new condo launch (https://www.newlaunch.sg/) sentiment?
Public homes in the central region command high prices by virtue of their location and this will continue to be so unless the government starts to relook and redefine to protect the public housing objectives especially for those public housing units in the central region and enact new policies aim at protecting the public housing objective in the central region. How does this influence property prices (https://www.newlaunch.sg/)?
In the pipeline, there are about five thousand and ninety units of new Housing Development Board flats in Bedok, Bidadari, Kallang Whampoa and Punggol to be launched under the Build to Order exercise in November. In addition, about five thousand balance units will be concurrently put up for sales in the Sale of Balance Flats exercise.
Current new launches : (1) Forest Woods (https://www.newlaunch.sg/forest-woods/) by CDL (2) Alps Residences (https://www.newlaunch.sg/alps-residences/)
New launches in the pipeline :
12 On Shan (https://www.newlaunch.sg/12-on-shan/) in Balestier in District 12. 12 On Shan condo (https://www.newlaunch.sg/12-on-shan/) is located along Shan Road. This 12 On Shan condominium (https://www.newlaunch.sg/12-on-shan/) is developed by TA Realty, a renowned developer known for its excellent quality workmanship and generous provision of branded fittings. 12 On Shan price (https://www.newlaunch.sg/12-on-shan/) is expected to be attractively set according to the market sentiment. Developer will release all the 12 On Shan site plan (https://www.newlaunch.sg/12-on-shan/), 12 On Shan floor plan (https://www.newlaunch.sg/12-on-shan/) and 12 On Shan brochure (https://www.newlaunch.sg/12-on-shan/) once the architecture details are confirmed. 12 On Shan showflat (https://www.newlaunch.sg/12-on-shan/) will be ready for its preview launch soon and viewing is by appointment through the respective authorised marketing agency.
Clement Canopy (https://www.newlaunch.sg/clement-canopy/) is developed by a joint venture company set up between UOL and Singland Homes. Clement Canopy condo (https://www.newlaunch.sg/clement-canopy/) is located along Clementi Avenue 1 in Clementi of District 5. This Clement Canopy condominium (https://www.newlaunch.sg/clement-canopy/) is a 99 years leasehold sitting on a government. The Clement Canopy price (https://www.newlaunch.sg/clement-canopy/) will be closely watched and highly anticipated to be attractive being a 99 years leasehold property. Clement Canopy showflat (https://www.newlaunch.sg/clement-canopy/) is in the process of construction and both the Clement Canopy floor plan (https://www.newlaunch.sg/clement-canopy/) and Clement Canopy brochure (https://www.newlaunch.sg/clement-canopy/) will be released nearer to the completion of the Clement Canopy new condo (https://www.newlaunch.sg/clement-canopy/) showflat.