{"id":103146,"date":"2019-01-21T09:32:31","date_gmt":"2019-01-21T02:32:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-remain-pessimistic-about-the-property-market\/"},"modified":"2019-01-21T10:10:55","modified_gmt":"2019-01-21T03:10:55","slug":"singapore-developers-remain-pessimistic-about-the-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-remain-pessimistic-about-the-property-market\/","title":{"rendered":"Singapore developers remain pessimistic about the property market"},"content":{"rendered":"


\nDevelopers remain cautious amid weakening market conditions expected in 2019.
\nSingapore developers remain pessimistic over the state of the property market, even as the Real Estate Sentiment Index (RESI) posted a marginal uptick during the fourth quarter of 2018.
\nJointly developed by the Real Estate Developers\u2019 Association of Singapore (REDAS) and the National University of Singapore\u2019s Department of Real Estate (DRE), the RESI is based on a survey conducted among senior executives of REDAS member firms.
\nGet more details on the property market outlook for 2019 here
\nThe survey revealed that the Current Sentiment Index rose from 3.9 in Q3 2018 to 4.2 in Q4 2018, while the Future Sentiment Index inched up from 4.2 to 4.3 over the same period. With this, overall sentiment improved from 4.0 to 4.3 quarter-on-quarter.
\nA score above five denotes improving market conditions, while a lower score indicates deteriorating conditions.
\nDevelopers described their expectations for 2019 in a few key words such as \u2018uncertain\u2019, \u2018weakening\u2019, \u2018cautious\u2019 and \u2018challenging\u2019.
\nThey identified the excessive supply of new property launches, rising inflation\/interest rate and a decline in the global economy as the top three potential risk factors that could adversely affect market sentiment over the next six months.
\nThe survey showed that 95.1 percent of the developers agreed or strongly agreed that the July cooling measures dampened the property market\u2019s outlook in 2019. And while 82 percent of the respondents expect the collective sale market to be hit hard, 50.8 percent do not expect the government to implement more cooling measures this year.
\nWith this, 45.2 percent and 38.7 percent of the developers revealed plans to substantially increase and moderately increase their new launches in the next six months respectively. Only 6.5 percent said they would launch moderately fewer units over the same period.
\n\u201cThe strong year-end sale activities in private residential markets in 2018 helped cushioned the adverse impact of the hike in ABSD and the tightening of LTV announced in July 2018. However, there are no clear signals on the emergence of new positive economic drivers that could further uplift the market sentiment in the next few months,\u201d said Associate Professor Sing Tien Foo of NUS\u2019 Department of Real Estate\/Institute of Real Estate and Urban Studies.
\nDownload our report and Get the Guru View on the outlook for the property market in 2019 now!
\nTo know more about the property hotspots for 2019, check out\u00a0PropertyGuru AreaInsider
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore developers remain pessimistic about the property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers remain cautious amid weakening market conditions expected in 2019. Singapore developers remain pessimistic over...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103146","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qPE","jetpack-related-posts":[{"id":70074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-more-upbeat-but-worry-over-possible-curbs\/","url_meta":{"origin":103146,"position":0},"title":"Developers more upbeat but worry over possible curbs","date":"October 26, 2017","format":false,"excerpt":"\r Home builders here have become more bullish, but they fear that the improving market conditions would result in more property curbs from the authorities, reported the Straits Times. In fact, the Real Estate Sentiment Index (RESI) show that property developers\u2019 general sentiment has improved. They also have better views\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sentiment-hits-record-high-in-q1-2018\/","url_meta":{"origin":103146,"position":1},"title":"Developer sentiment hits record high in Q1 2018","date":"April 24, 2018","format":false,"excerpt":"\r Many developers expect property prices to increase by 5.0 to 8.0 percent for the whole of 2018. Singapore developers have become more upbeat about the state of the property market, with the Real Estate Sentiment Index (RESI) hitting a record high since the index was launched in Q1 2010.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-developers-think-that-private-condo-prices-will-fall\/","url_meta":{"origin":103146,"position":2},"title":"More developers think that private condo prices will fall","date":"August 31, 2018","format":false,"excerpt":"\r There was a reversal of market sentiment among Singapore home builders after the new property cooling measures were introduced on 6 July, reported the Business Times. In fact, the Real Estate Sentiment Index (RESI) compiled by the National University of Singapore (NUS) and the Real Estate Developers\u2019 Association of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentiment-among-property-developers-down-on-july-cooling-measures\/","url_meta":{"origin":103146,"position":3},"title":"Sentiment among property developers down on July cooling measures","date":"October 23, 2018","format":false,"excerpt":"\r The latest round of cooling measures were described as unexpected and surprising, as well as extremely disruptive. Property cooling measures announced in July have dampened sentiment in the property market, with the Real Estate Sentiment Index (RESI) falling sharply to 4.0 in Q3 from 6.6 in Q2, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113765,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/redas-strikes-back-against-nus-for-developer-collusion-study\/","url_meta":{"origin":103146,"position":4},"title":"Redas strikes back against NUS for 'developer collusion' study","date":"January 20, 2020","format":false,"excerpt":"\r \u00a0 The Real Estate Developers\u2019 Association of Singapore (Redas) has strongly denied the suggestion that the industry is engaged in insider trading, price fixing or collusion, reported Today. This strong sentiment follows the National University of Singapore (NUS) Business School\u2019s recent publication of a research paper that claimed the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-property-curbs-to-erode-market-confidence-says-redas\/","url_meta":{"origin":103146,"position":5},"title":"New property curbs to erode market confidence, says REDAS","date":"July 18, 2018","format":false,"excerpt":"\r The new property curbs are a \u201cbig setback\u201d for Singapore\u2019s property sector, according to the Real Estate Developers\u2019 Association of Singapore (REDAS) in a report by the Business Times. These new cooling measures will impact the confidence of property developers, investors and home buyers, said REDAS President Augustine Tan.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103146"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103146"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}