{"id":113005,"date":"2019-12-12T09:13:04","date_gmt":"2019-12-12T02:13:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/presenting-the-singapore-property-market-outlook-2020\/"},"modified":"2019-12-12T10:04:27","modified_gmt":"2019-12-12T03:04:27","slug":"presenting-the-singapore-property-market-outlook-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/presenting-the-singapore-property-market-outlook-2020\/","title":{"rendered":"Presenting the Singapore Property Market Outlook 2020"},"content":{"rendered":"


\n2020 is around the corner. Not only that: a new decade is about to begin. The PropertyGuru Property Market Outlook 2020 looks\u00a0at the factors that have shaped\u00a0the local real estate landscape in the past decade, and examines\u00a0the state-of-play of the Singapore property market today.\u00a0Bringing together data, trends and expert insights in our report,\u00a0we cast an eye on the year\u00a0and\u00a0the decade ahead so consumers can make confident property decisions.
\nKey Highlights of the Singapore Property Market Outlook 2020<\/p>\n

The rise of the city fringe, known in Singapore as the Rest of Central Region (RCR), is a key theme of our Property Market Outlook. With government decentralisation and urban renewal plans,\u00a0Singapore is experiencing a second wave of city-building in RCR areas such as\u00a0Paya Lebar. New developments and supporting amenities create upside in property value, which is already being realised in\u00a0several RCR districts.\u00a0Several key trends, as described in the report, also point toward a bright future for the RCR.<\/p>\n

RECOMMENDED ARTICLE:\u00a0Defining The CCR, RCR And OCR In Singapore<\/p>\n

The Outside Central Region (OCR) also shows great promise, in particular locations along the Thomson-East Coast MRT line (TEL), which will open progressively from this year onwards.\u00a0Of particular interest is\u00a0Woodlands, which is primed for transformation with a new upcoming regional centre surrounding new TEL stations and also the much-anticipated Singapore-Johor Bahru Rapid Transit System (RTS).
\nThe Core Central Region (CCR), in the meanwhile, is undergoing an expansion and we foresee it will retain its prestige appeal even as upscale RCR properties enter the fray.\u00a0District 7 (Bugis, Rochor, Beach Road)\u00a0is in the limelight for the successive upscale residential projects launched in the area, which have boosted residential prices to a level that could see it overtake\u00a0District 9\u00a0as the most expensive district in Singapore.\u00a0The Outlook reveals whether the traditional prime districts of 9, 10 and 11 will hold up as quality residential offerings in the city area diversifies.
\nHDB has\u00a0pledged to build thousands of new flats\u00a0in mature estates such as Queenstown and\u00a0Bishan, the Property Market Outlook reveals how the HDB resale market is likely to be impacted.
\nPropertyGuru data shows that, over the past three years, median per square foot (psf) asking prices of non-landed private property increased by 12%, while wage growth (gross monthly income from work) has only increased by 7 to 8%.\u00a0That said, interest rates have been on a favourable downtrend this year, which may buoy buyer sentiment. But how will other macroeconomic concerns affect the property market?<\/p>\n

Regardless of whether you\u2019re a property buyer, owner, seller, landlord or renter, or just curious about the trajectory of the property market, the 20-page Singapore Property Market Outlook 2020\u00a0augments trends with data and sheds a new, analytical light on real estate in the year ahead\u2014and beyond.
\nDownload\u00a0the PropertyGuru Singapore Property\u00a0Market Outlook 2020 (3.2MB).
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Presenting the Singapore Property Market Outlook 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

2020 is around the corner. Not only that: a new decade is about to begin....<\/p>\n","protected":false},"author":1,"featured_media":113006,"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-113005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/ccr-ocr-rcr-city-fringe-singapore-property-ura-map-1024x940.jpg?fit=1024%2C940&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-toF","jetpack-related-posts":[{"id":113350,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-up-0-3-in-q4-2019-and-2-5-overall-in-2019\/","url_meta":{"origin":113005,"position":0},"title":"Private home prices up 0.3% in Q4 2019 and 2.5% overall in 2019","date":"January 2, 2020","format":false,"excerpt":"\r In Q3\u00a02019, the overall price index for private homes rose by 1.3%. Singapore\u2019s private home prices grew for the third straight quarter in 2019, as the Urban Redevelopment Authority\u2019s (URA) flash estimate for Q4 2019 revealed a 0.3% growth over the previous quarter. Overall in 2019, the same estimate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-to-fall-with-rising-unemployment\/","url_meta":{"origin":113005,"position":1},"title":"Property prices to fall with rising unemployment","date":"October 25, 2016","format":false,"excerpt":"\r The rise in the unemployment rate here could see property prices stagnate. DBS Vickers Securities expects private property prices to fall as the unemployment rate in Singapore increases, reported Singapore Business Review. The property market is expected to move in two directions, with prices in the Core Central Region\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111275,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-increase-0-9-in-q3\/","url_meta":{"origin":113005,"position":2},"title":"Private home prices increase 0.9% in Q3","date":"October 2, 2019","format":false,"excerpt":"\r Prices in the core central region (CCR) and rest of central region (RCR) climbed 2.9 percent and 1.6 percent, respectively. Outside central region (OCR) prices inched up by 0.7 percent in Q3 2019. Private home prices in Singapore rose for the second consecutive quarter in the third quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/condominium-prices-in-rcr-sees-6-3-rise-in-q3-2019\/","url_meta":{"origin":113005,"position":3},"title":"Condominium prices in RCR sees 6.3% rise in Q3 2019","date":"October 30, 2019","format":false,"excerpt":"\r The growth was partly due to the revealing of plans for the Greater Southern Waterfront at the National Day Rally.\u00a0 Condominium prices in the Rest of Central Region (RCR) grew 6.3% year-on-year (YoY) in Q3 as compared to Q3 2018, reported Singapore Business Review citing Knight Frank. The growth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rose-7-9-in-2018\/","url_meta":{"origin":113005,"position":4},"title":"Private home prices rose 7.9% in 2018","date":"January 2, 2019","format":false,"excerpt":"\r Private homes in Singapore. Private residential property prices dipped 0.1 percent in the fourth quarter of 2018, a reversal from the 0.5 percent increase posted in the previous quarter. For the whole of 2018, prices rose 7.9 percent compared to the 1.1 percent increase seen in 2017, revealed flash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-see-biggest-fall-since-2009\/","url_meta":{"origin":113005,"position":5},"title":"Private home prices see biggest fall since 2009","date":"October 28, 2016","format":false,"excerpt":"\r Private residential property prices drop more than expected. Prices of private homes in Singapore fell 1.5 percent in the third quarter of 2016 after declining 0.4 percent in the previous quarter, marking the largest quarterly fall in prices since Q2 2009, according to latest data from the Urban Redevelopment\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\/113005"}],"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=113005"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/113006"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}