31 Jan '13, 1pm

New: Singapore Property News This Week #88

The primary market of private homes saw 22,197 units in sales volume, compared to the 12,811 units in the secondary market. This reflects speculation since investors prefer purchasing new homes with progressive payments while waiting out the four-year period covered by the SSD. Likewise, the large gap between prices and rents of various properties also suggests that there is speculative demand. Prices of office and shop spaces gained 1.4% and 2% respectively, accompanied by a 1.3% and 0.3% fall in rents. Similarly, the overall private home price index saw an increase of 2.8% with a 2.1% increase in rents while the All Industrial price index increased by 25.8%with a 10.1% increase in rents.Strata factories, followed by shops, saw the highest number of subsale transactions (which are used to measure the level of speculation) in 2012. There were 189 subsale deals of strata fa...

Full article: http://www.propwise.sg/singapore-property-news-this-week-88/

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