23 Mar '13, 6am

ST Reports: Yields dip as prices outpace rents in Q4

ST Reports: Yields dip as prices outpace rents in Q4

Yields dip as prices outpace rents in Q4 Rochor pulls in highest yield of 4.2%, while Newton lodges weakest 2.2% Mar 23, 2013 By Esther Teo Property Correspondent Yields for city-centre apartments dipped slightly in the final quarter of last year as prices edged up at a quicker pace than rents. Non-landed homes in the segment recorded gross yields of 3.1per cent in the final three months of last year, down a tad on the 3.2 per cent in the previous quarter, according to analysis by Square Foot Research. Rental growth has been poor, with median rents inching up a mere 2.6 per cent to $4.81 per sq ft (psf) per month in the fourth quarter since the start of last year. Average resale prices rose 4 per cent in the same period. Overall yields of homes in the city centre were the lowest of all non-landed privatehousing segments at 3.1 per cent. City-fringe homes posted yields of 3...

Full article: http://forums.condosingapore.com/showthread.php?p=382520#...

Comments

  1. 30 Mar '13, 4am

    ST: Developers’ landbanks depleted by robust sales

    ROBUST sales of new private homes have depleted the landbanks of most developers, amid a period of intense competition for new sites.

    A survey shows that 16 of the 27 major builders have a smaller store of development land now, compared with January last year. The fall comes despite the bumper supply of sites released by the Government over the past year.

    Moreover, 19 developers had fewer than 1,000 apartments left in their landbanks as of the end of last month, according to the survey by DTZ Research. A further seven developers had between 1,000 and 2,000 units.

    The numbers do not take into account strong home sales this month, which should deplete landbanks even more.

    A landbank comprises unsold units – including executive condominiums – from projects with planning approval and estimated number of units from sites yet to obtain approval.
    http://www.sgrealist.com/developers-landbanks-depleted-by-robust-sales/

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