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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 ...

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9 comments:

  1. Anonymous21/9/14 11:31 PM

    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

    ReplyDelete
  2. Anonymous2/10/14 12:42 PM

    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

    ReplyDelete
  3. Anonymous14/10/14 5:08 PM

    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-

    ReplyDelete
  4. Anonymous22/10/14 9:32 AM

    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

    ReplyDelete
  5. Anonymous24/10/14 5:35 PM

    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

    ReplyDelete
  6. Anonymous30/10/14 12:57 PM

    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

    ReplyDelete
  7. Anonymous1/12/14 1:26 PM

    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

    ReplyDelete
  8. Anonymous9/12/14 5:10 PM

    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

    ReplyDelete
  9. Anonymous22/1/15 12:56 PM

    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

    ReplyDelete