{"id":105789,"date":"2019-04-05T12:32:04","date_gmt":"2019-04-05T05:32:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-remain-flattish-this-year-report\/"},"modified":"2019-04-05T13:03:13","modified_gmt":"2019-04-05T06:03:13","slug":"home-prices-to-remain-flattish-this-year-report","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-remain-flattish-this-year-report\/","title":{"rendered":"Home prices to remain flattish this year: report"},"content":{"rendered":"


\nAnalysis of new launches showed low take-up rates at launch weekends of 10 to 20 percent compared to 30 to 60 percent in previous years.
\nWith muted price growth expectations for residential properties, RHB Research expects no near-term catalysts for developers with large local market exposure.
\nThis comes as RHB\u2019s analysis of new launches showed low take-up rates at launch weekends of 10 to 20 percent compared to 30 to 60 percent in previous years.
\nCan you afford a condo? Check your\u00a0affordability\u00a0now
\n\u201cThis is not surprising, as buyers \u2013 being price-conscious \u2013 are adopting a wait-and-see approach amidst a huge supply in the pipeline,\u201d said RHB analyst Vijay Natarajan.
\nHe expects the trend to continue, with only certain projects with strong attributes and pricing outperforming the rest. Overall, Natarajan expects the primary sales volume to stand at 8,000 to 10,000 units this year.
\n\u201cFor the private resale market, we expect volumes to remain steady versus last year on the back of en bloc sellers looking for immediate replacement homes, spillover demand from new launches and the release of units previously held back on the expectation of potential en bloc sales.\u201d
\nMeanwhile, flash estimates from the Urban Redevelopment Authority (URA) showed that overall property prices dropped 0.6 percent quarter-on-quarter following a 0.1 percent quarter-on-quarter dip in Q4 2018.
\nThe high-end segment registered the biggest drop at 2.9 percent quarter-on-quarter. RHB attributed this to its susceptibility to the new cooling measures as a high proportion of its buyers are investors and foreigners.
\nWith less than 50 projects in the launch pipeline, buyers have plenty of choices \u2013 limiting developers\u2019 pricing power.
\n\u201cDevelopers also have little room to cut prices in new launches as many are sitting on expensive land acquired during the recent en bloc cycle.\u201d
\nWith this, RHB expects \u201cprice growth to stay flattish in the zero to two percent range this year\u201d.
\nGet more details on the property market outlook for 2019 here
\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…Home prices to remain flattish this year: report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysis of new launches showed low take-up rates at launch weekends of 10 to 20...<\/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-105789","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-rwh","jetpack-related-posts":[{"id":84982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-en-bloc-appetite-diminishing-rhb\/","url_meta":{"origin":105789,"position":0},"title":"Developers\u2019 en bloc appetite diminishing: RHB","date":"April 11, 2018","format":false,"excerpt":"\r Developers are paying smaller premiums and becoming more selective when it comes to purchasing en bloc sites, said RHB\u2019s analyst. RHB revealed on Tuesday (10 Apr) that property developers are now paying smaller premiums for Singapore en bloc sites, indicating that their appetite for such land is diminishing, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94523,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-may-cut-unit-prices-by-5-10-rhb\/","url_meta":{"origin":105789,"position":1},"title":"CDL may cut unit prices by 5-10%: RHB","date":"July 24, 2018","format":false,"excerpt":"\r Launch crowd at The Tapestry showflat. (Photo: CDL) City Developments Limited (CDL) is expected to be negatively affected by the government\u2019s latest property cooling measures given its market position, according to RHBInvest analyst Vijay Natarajan. For instance, the Singapore-listed property developer has among the biggest unsold residential inventory in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75137,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-to-rise-by-3-7-in-2018\/","url_meta":{"origin":105789,"position":2},"title":"Private home prices to rise by 3-7% in 2018","date":"December 22, 2017","format":false,"excerpt":"\r Prices of residential properties here are expected to increase by three percent to seven percent next year, reported the Singapore Business Review. According to Analyst Vijay Natarajan from RHB Research, the anticipated price growth is driven by the city-state\u2019s stable job market and robust buying optimism of locals. Another\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-stocks-may-increase-by-up-to-15-percent\/","url_meta":{"origin":105789,"position":3},"title":"Developer stocks may increase by up to 15 percent","date":"January 19, 2018","format":false,"excerpt":"\r After witnessing a good run in 2017 on expected property market recovery, developers who can turn anticipation to reality with higher selling prices and strong property sales will enjoy further re-rating, reported Business Times. As such, analysts favour property counters that are supported by a robust line-up of new\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76684,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/overly-optimistic-bids-may-derail-property-market-rebound\/","url_meta":{"origin":105789,"position":4},"title":"Overly optimistic bids may derail property market rebound","date":"January 15, 2018","format":false,"excerpt":"\r While the property market is expected to head for a rebound, analysts believe the optimism surrounding Singapore\u2019s property market may lead to market instability, reported Singapore Business Review. This comes as the intense competition for en bloc sites had pushed land prices higher. RHB Research revealed that land bids\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-that-acquired-expensive-land-to-feel-brunt-of-new-property-curbs\/","url_meta":{"origin":105789,"position":5},"title":"Developers that acquired expensive land to feel brunt of new property curbs","date":"September 4, 2018","format":false,"excerpt":"\r Experts revealed that real estate developers that bought pricey land in Singapore\u2019s prime districts during the most recent en bloc cycle prior to the implementation of the new property curbs are the most at risk from the fresh cooling measures, reported the Business Times. The city-state\u2019s prime areas are\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\/105789"}],"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=105789"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105789\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}