Page 1 of 4 1234 LastLast
Results 1 to 10 of 40

Thread: URA mulls over monthly index on private home prices

  1. #1
    Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default URA mulls over monthly index on private home prices

    Published March 18, 2008

    URA mulls over monthly index on private home prices

    By KALPANA RASHIWALA


    (SINGAPORE) The Urban Redevelopment Authority (URA) is mulling over the possibility of releasing the price index for private homes, at least for non- landed properties, on a monthly basis instead of just on a quarterly basis as it does currently, BT understands.

    When contacted, a URA spokeswoman said: 'We are studying the possibility. We will let you know when a decision has been made.'

    In the meantime, URA will issue the flash estimate for the Q1 2008 private home price index on April 1, as usual, the URA spokeswoman added.

    Market watchers gave mixed reactions to the idea of URA releasing its private home price index every month. Some say this would complement the monthly developer sales data, while others suggest that the idea may not be such a good thing in today's quiet market.

    'There may not be enough launches and property transactions to compute an index monthly in a quiet market,' said a seasoned property consultant. 'If the market turns, it may not be a good idea to keep reminding people every month that the index is going down or the volume of transactions is falling. That may accelerate the decline. It's psychological.'

    But some players argued that this move could complement URA's monthly release of developers' sales data.

    'The developer sales data shows a median price, which may not be reflective of the market since it depends on the type of units (including how they face and whether they have private enclosed spaces/ roof terraces) sold in a development in a particular month. Whereas the formula for a price index is more rigorous than a simple median price and provides a more accurate picture of actual price trends in the market,' says Colliers International's director of research and consultancy Tay Huey Ying.

    She reckons that because an overall price index will be based on both primary and secondary market transactions, the volume of transactions should be enough for a monthly computation.

    Currently URA publishes developers' private home sales data for each month in the middle of the following month on its website. However, if the authority decides to go ahead with issuing the price index for private homes on a monthly basis, it is likely that both information releases will be at the same time to avoid confusing the public, market watchers suggest.

    They also say that if URA decides to go monthly with its price index, they would not be surprised if the Housing & Development Board also broadcasts its resale flat price index on a monthly basis.

  2. #2
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    If the number of transactions do not go up, i think is no point for such monthly index. Where are all the foreigners now, we need some activities here.

  3. #3
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by mr funny
    Published March 18, 2008

    URA mulls over monthly index on private home prices

    'If the market turns, it may not be a good idea to keep reminding people every month that the index is going down or the volume of transactions is falling. That may accelerate the decline. It's psychological.'
    Oh dear , oh dear. Volumes down. Median prices down. Developers forced to hold back launches for fear of excaerbating the decline. US (our biggest export partner) getting worse by the month.

    Go URA! Publish the monthly reports. Tip the balance! 'accelerate the decline'. Increase the speculators 'psychological' stress.

  4. #4
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Oh dear , oh dear. Volumes down. Median prices down. Developers forced to hold back launches for fear of excaerbating the decline. US (our biggest export partner) getting worse by the month.

    Go URA! Publish the monthly reports. Tip the balance! 'accelerate the decline'. Increase the speculators 'psychological' stress.

    anything wrong with you?
    today report stated, Feb price up 14.2% from Jan.
    developers like CDL & UOL, they will hold back units for capital appreciation, they do not want to sell, rent out or lease out, the return is much better than sell now. Strong strategy & confidence in spore property market.

  5. #5
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Oh dear , oh dear. Volumes down. Median prices down. Developers forced to hold back launches for fear of excaerbating the decline. US (our biggest export partner) getting worse by the month.

    Go URA! Publish the monthly reports. Tip the balance! 'accelerate the decline'. Increase the speculators 'psychological' stress.
    Sure to liao money. Last tender only $78 psf, developers shrink.

  6. #6
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    If the number of transactions do not go up, i think is no point for such monthly index. Where are all the foreigners now, we need some activities here.
    Many foreigners already bought their units last year. When more units come on line in the next few years, rental rate will dip for sure and when it does, property price will come down....this is just like the cycle that pushed up the property price last two years, but just that it will be going into reverse direction this time...

  7. #7
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Many foreigners already bought their units last year. When more units come on line in the next few years, rental rate will dip for sure and when it does, property price will come down....this is just like the cycle that pushed up the property price last two years, but just that it will be going into reverse direction this time...
    So you agree that it has not happened yet?

  8. #8
    Unregistered
    Guest

    Thumbs up Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    So you agree that it has not happened yet?
    Yes. Not happen yet. Because more foreigner will come, enbloc millionaire will buy. Less launches will mean supply will dip. Demand will increase, for sure price will go up. This is the property cycle and will go into reverse and heading UP.....

  9. #9
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    LOL.

    This is the most funny website - comprising people who try to scare others with constant bad news, but are themselves constantly frustrated.

    25 Feb 2008

    Almost everyone is trying to take a slice of action at Marina Bay Financial Centre (MBFC) which will be fully completed by 2012.

    American Express International (Amex) is the latest new tenant at Marina Bay Financial Centre (MBFC), which means that slightly more than half of the total 2.9 million square feet of offices in the entire development has been taken up.

    Barclays is said to have agreed to lease about 100,000 sq ft or four floors in the tower, Icap is taking 35,000 sq ft and Pictet around 25,000 sq ft.

    Standard Chartered is taking 24 floors or 508,298 sq ft out of its 600,000 sq ft of net lettable area at the first phase 33-storey Tower One.

    Smaller tenants in that tower include French corporate and investment bank Natixis, which is taking 65,000 sq ft, and Wellington International Management Co (21,000 sq ft).

    DBS has leased about 700,000 sq ft in MBFC's Tower 3 - which will be in the project's second phase and slated for completion by early 2012.

    CBRE, the leasing agent of MBFC, said that Grade A office rents in Singapore rose 96.5% last year to hit $17.15 psf a month.

    There is still much upside because of the severe shortage of available office space. But a sharp hike is unlikely given the current cautious moods among prospective tenants. A moderate growth in rent is a more likely scenario.

  10. #10
    Unregistered
    Guest

    Default Re: URA mulls over monthly index on private home prices

    Quote Originally Posted by Unregistered
    Yes. Not happen yet. Because more foreigner will come, enbloc millionaire will buy. Less launches will mean supply will dip. Demand will increase, for sure price will go up. This is the property cycle and will go into reverse and heading UP.....
    With the number of enblocs transacted plus the govt aggressive land sale program for the past year, developer can only hold out the launch for so long..... The day will come when fire sale will begin....

Page 1 of 4 1234 LastLast

Similar Threads

  1. Private home resale prices dip 0.3% in February: NUS index
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 31-03-17, 18:48
  2. Private home prices in muted fall: URA index
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 24-04-16, 01:41
  3. URA reviewing key index of private home prices
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 3
    -: 09-04-13, 08:59
  4. URA reviewing key index of private home prices
    By Poloclub in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 04-04-13, 13:32
  5. Private home prices down slightly in February: NUS Index
    By mr funny in forum Singapore Private Condominium Property Discussion and News
    Replies: 1
    -: 28-03-11, 21:54

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •