Private property prices to grow more slowly amid market uncertainty

Private property prices will see slower growth in the first quarter of this year, amid the current upheaval in global financial markets and a possible US recession.
That is according to property consultants who said prices will be supported by rentals which will continue to climb higher this year.
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There has been frenzied [...]

Government will continue to monitor residential property market

The government will continue to monitor the residential property market in a bid to ensure that prices remain stable, according to National Development Minister Mah Bow Tan (Picture).
He was responding to questions from reporters on Wednesday for his outlook for the property sector in 2008.
He noted that the government had taken measures last year to [...]

Singapore’s property market sees low risk and stable returns: analysts

Real estate investors can look to Singapore for low risk and stable rewards, according to LaSalle Investment Management.
With consumption on the increase, LaSalle said the retail market will provide good stable returns.
It expects that office rentals are expected to slow down in the coming year but said that residential properties will continue to grow as [...]

Analysts see no property bubble

They’re mum on whether it’s a good time to buy, but agree Singapore fundamentals are pretty robust.
PROPERTY: boom or bust? This was the intriguing question to which a capacity turnout of about 170 investors recently sought answers, at a dinner hosted by financial advisory firm ipac. The good news is that the experts at the [...]

Demand-management policies required

AT A Singapore Economic Policy Forum organised by the Department of Economics of the National University of Singapore (NUS) on Oct 18, I presented a paper with the title, ‘Singapore’s property market and the macroeconomy’. This was reported in The Straits Times the following day under the headline, ‘No bubble in property market: NUS study’.
The [...]

No bubble in property market: NUS study

DESPITE Singapore’s red-hot property prices, no bubble is forming in the property market here, according to a study by National University of Singapore (NUS) economists.
In fact, the rise in home prices is below the market’s long-run ‘equilibrium’ level, based on factors such as income and property supply, preliminary findings of the ongoing study show.
In other [...]

Property booms, busts make economy vulnerable

PROPERTY price booms and busts make Singapore’s economic growth more vulnerable to volatile factors and should be prevented, an economist at a think-tank said here yesterday.
While the impact of a spike in property prices on overall GDP growth is ‘quite subdued’, a property price bubble causes private consumption expenditure to shrink, making the economy more [...]

Home market will grow even if punters retreat: report

Developers may go for higher volumes, lower margins in mass, mid-segment.
Recent events could make the residential property market vulnerable to declines in collective sales and speculative activity.
However, Goldman Sachs believes that other demand drivers such as the increase in resident population will help mitigate the fall in those selling their homes through collective sales and [...]

No signs of bubble in property sector, say two bankers

SINGAPORE’S buoyant property market shows no signs of a speculative bubble, two leading bankers said yesterday.
DBS Group Holdings chief executive Jackson Tai said home prices may have risen but this simply reflects the strong fundamentals of a balanced economy.
Mr Philip Lee, senior country officer of investment bank JPMorgan Chase, echoed Mr Tai’s views.
‘There’s no bubble [...]

Plenty of upside left in mid-tier property market: Kwek Leng Beng

DESPITE woes in the United States’ housing market, there is still plenty of zing in Singapore’s red-hot property market.
Banks are still lending a lot of cash and mid-tier homes are still on offer at prices below 1996’s peak, says Mr Kwek Leng Beng, executive chairman of leading developers City Developments and Hong Leong Group.
‘I believe [...]