Thursday, September 18, 2014

Private home sales: 2008 revisited?


The ST reported today that the number of units launched but unsold at 15.1% in August 2014 is worse than in August 2008 - 2 months to the run-up to the 2008 global financial crisis which hit in October that year. 

Vacancy rate at completed private residential projects are also higher, at 7.1% at the end of the second quarter versus 6.1% in 2008 at the same time. And this is expected to rise further, given a deluge of completed projects in the pipeline and the limited number of expats looking to rent.
 


 Looks like interesting times are ahead ...

11 comments:

Anonymous said...

Private home resale prices drop 0.3% . NUS 5 Sep 2014

http://news.nus.edu.sg/news-media/8066-private-home-resale-prices-drop-0-3

Anonymous said...

Unsold housing units pile in Bukit Merah, Kallang and Marine Parade Developers forced to offer big discounts to spur sales - See more at: http://www.straitstimes.com/news/singapore/housing/story/unsold-housing-units-pile-bukit-merah-kallang-and-marine-parade-2014092#sthash.kcomw6Qv.dpuf

Anonymous said...

Singapore Property prices declined in Q3, according to HDB and URA flash estimates. 01 Oct 2014

http://www.channelnewsasia.com/news/singapore/property-prices-declined/1390826.html

Anonymous said...

Resale volumes of private condos down in Q2..7 Oct 2014..

http://www.propertyguru.com.sg/property-management-news/2014/10/67046/resale-volumes-of-private-condos-down-in-q2

Anonymous said...

30% slump in private home sales: report 14 Oct 2014
http://www.propertyguru.com.sg/property-management-news/2014/10/68173/30-slump-in-private-home-sales-report-

Anonymous said...

Prices of Singapore private homes, resale flats drop again in Q3.

http://www.straitstimes.com/news/business/property/story/prices-singapore-private-homes-resale-flats-drop-again-q3-20141001

Anonymous said...

Prices of private residential properties fell by 0.7 per cent in the third quarter following a 1 per cent decrease in the previous quarter, the Urban Redevelopment Authority (URA) said

http://www.channelnewsasia.com/news/business/singapore/private-property-prices/1432176.html

Anonymous said...

Resale private homes prices down in September.

http://www.propertyguru.com.sg/property-management-news/2014/10/70376/resale-private-homes-prices-down-in-september

Anonymous said...

Private condo resale prices slipped 4.5% in October -
See more at:
http://sbr.com.sg/residential-property/news/private-condo-resale-prices-slipped-45-in-october#sthash.mj29jku6.dpuf

Anonymous said...

Private homes prices may fall up to 15% in next two years: report

http://www.propertyguru.com.sg/property-management-news/2014/12/75639/private-homes-prices-may-fall-up-to-15-in-next-two

Anonymous said...

Home prices may drop up to 15% by mid-2015. see below article on Jan 8th 2015


http://www.propertyguru.com.sg/property-management-news/2015/1/79234/home-prices-may-drop-up-to-15-by-mid-2015

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