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Thread: Chart of the Day: Private resale non-landed prices hit historic high

  1. #1
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    Default Chart of the Day: Private resale non-landed prices hit historic high

    Private resale non-landed prices rose by 3.2% in the third quarter.

    The Singapore Real Estate Exchange reported:

    Private resale non-landed prices rose by a strong 3.2% in Q3 to hit a historic high of $1,156psf.

    The gain is led by a 2.5% m-o-m increase in Sep.

    This 3.2% gain in resale prices contrasts with the fall of 2.2% in new sales prices according to caveats lodged over the same period.

    It is important to note that the strong 3.2% growth in resale prices contrasts with the much smaller gain posted by the flash URA PPI released on Oct 1 because the URA PPI: takes into account new sales (which fell 2.2% in this quarter); the URA PPI does not take into account the last 3 weeks of Sep sales (which rose 2.5% m-o-m); uses a different methodology from the average PSF approach.

    Amongst all regions, RCR posted the strongest quarterly gain of 7.1% for resale non-landed in Q3 to hit a historic high of $1,199psf. This is followed by a smaller gain of 3.0% increase in OCR and a more muted increase of 0.75% in CCR.

    Gross Rental yields remained stable at 4.0% in Q3 due to a corresponding increase in rental prices compared with resale prices.

    http://sbr.com.sg/residential-proper...-historic-high

  2. #2
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    Price to rent stays the same is sustainable, oct mom may still go up slightly
    Ride at your own risk !!!

  3. #3
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    Non landed gaining some ground vis a vis landed?

  4. #4
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    RCR 7.1% increase is stunning

    I suspect M3 may have surged more than expected in September

    Jun 460,663.7
    Jul 466,368.3
    Aug P 472,405.7

    any guess? at least 480,000 million?
    Ride at your own risk !!!

  5. #5
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    wonder which are the RCR culprit that drove to 7.1%

    don't have the data handy on mobile

  6. #6
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    Quote Originally Posted by carbuncle
    wonder which are the RCR culprit that drove to 7.1%

    don't have the data handy on mobile
    I would like to see the average unit size as well. If it shrink, then we know it could be MM effect. If not, then it will be shocking.

  7. #7
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    huat ah!

  8. #8
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    Default Hong Kong property prices expected to rise by up to 15%

    WEDNESDAY, 19 SEPTEMBER 2012

    Residential property prices in Hong Kong are expected to have risen by up to 15% by the end of 2012, according to the latest housing market analysis from Knight Frank. Sentiment in the residential market improved in August, as people became more convinced that the government would not introduce major cooling measures, the property firm says in its September 2012 monthly report. It points out that pent-up demand drove up transaction volume by 41.7%, month on month and while prices in luxury developments remained stable last month, those in the mass residential market continued to rise, growing 1.4% month on month, with a number of record breaking deals having taken place. Examples include a 2,319 square feet duplex in Taikoo Shing, Quarry Bay which was sold for HK$31.4 million, HK$13,540 per square foot, the highest ever transacted price in the development. Meanwhile, a mid-level unit in Block 1 of Metro Harbour View in Tai Kok Tsui was sold for HK$8,553 per square foot, a new per square foot high for the development. In the primary market, new projects continued to receive a positive response last month. The Met. Sublime in Sai Wan, for example, reportedly sold over half of the 97 units available in three days and The Riverpark in Shatin reportedly sold over 710 of its 981 available flats. A number of new developments are expected to launch in September. These include Century Gateway atop the Tuen Mun MTR station, owned by Sun Hung Kai Properties and Double Cove in Lok Wo Sha, a joint development by Henderson Land, New World Development and Peterson Group. The report also says that the leasing market stabilised in August, towards the end of the summer peak season, with luxury home rents remaining unchanged. Demand from multinational corporate tenants was still impacted by uncertainty in the global economy. At the end of August, the Hong Kong government announced ten measures to increase housing supply in the short to long term. Major measures included the sales of 830 Home Ownership Scheme (HOS) units in Tin Shui Wai early next year, putting 1,000 flats in Tsing Yi up for sale at a discount under the My Home Purchase Plan and speeding up the approval process for pre-sale flats. We believe the increase in supply will contribute to the healthy growth of the market in the long term. However, the immediate impact is limited, as only about 1,000 units will be added to the market in the short term,ђ says the report. The governmentђs measures for increasing housing supply will take years to realise. In the near term, favourable factors, such as limited new supply, low interest rates and low unemployment levels, will prevail, it explains. ґWe have therefore revised our forecasts and expect luxury residential prices to rise by up to 10% by the end of year, while mass residential prices could increase by up to 15% over the same period. However, a price correction could be witnessed from 2013 onwards, when supply starts to increase notably, it concludes
    Ride at your own risk !!!

  9. #9
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    Like horse racing, i wonder how the CCR will perform next

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