30 Jul '13, 2am

Housing supply remains a concern: report: With around 10,300 private res... property market

With around 10,300 private residential units expected to enter the property market, oversupply will likely remain a key concern as vacancy rates move up over the remaining half of 2013. According to a report from wealth management firm Religare, new project completions will consistently rise annually with over 19,000 units set for completion in 2014 to 2015. As such, vacancies are expected to “climb to 7.4 percent by end-2013 and 8.1 percent by end-2014; leading rents and prices to potentially fall with each passing year”. Property prices increased by 1.0 percent quarter-on-quarter in Q2 2013 compared to a rise of 0.6 percent in Q1. Most of the growth was attributed to the mass market segment which posted a 3.8 percent increase, while mid-end homes rose by 0.2 percent and the high-end segment dipped 0.2 percent. Meanwhile, rentals of private homes were up 0.3 percent compa...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

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Jul 29, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share The executive condominium (EC) market is expe...

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Jul 31, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Singapore’s public housing programme is movin...

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New: Singapore Property News This Week #114

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attacks

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Aug 1, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share A bill currently being drafted by the Indonesi...