{"id":115814,"date":"2020-04-23T12:43:30","date_gmt":"2020-04-23T05:43:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-remain-cautious-in-the-short-term\/"},"modified":"2020-04-23T13:25:20","modified_gmt":"2020-04-23T06:25:20","slug":"home-buyers-to-remain-cautious-in-the-short-term","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-buyers-to-remain-cautious-in-the-short-term\/","title":{"rendered":"Home buyers to remain cautious in the short term"},"content":{"rendered":"


\nSingapore\u2019s residential property market has been muted in the first quarter of 2020, with private home prices declining 1.2% quarter-on-quarter \u2013 or its first quarterly drop since the first quarter of 2019.
\nThis comes even as banks revised their home-loan offerings to attract borrowers, according to Edmund Tie.
\nWith sentiment remaining weak amid the cooling measures in place and the job market rendered insecure by the Covid-19 pandemic, Edmund Tie expects homebuyers to show greater caution in home acquisitions at least for the first two quarters of 2020.
\nRead:\u00a0Covid-19 Home Loan Deferment: What Is It, What\u2019s the Catch and How Do I Apply for It?
\n\u201cIn an already quiet market environment, the closure of sales galleries, mandated by the government \u201ccircuit breaker\u201d measures, is expected to dampen demand even further,\u201d it said.
\nOn 3 April, the government mandated the suspension of activities at workplace premises to reduce the transmission of Covid-19, with sales galleries likely to remain closed until 1 June.
\nHowever, it noted that many of the physical visits at sales galleries have evolved into virtual tours, helping potential buyers with their decision-making once the situation stabilises.
\nRead:\u00a0Why Now Is a Good Time to Buy a Property
\nAnd with the financial markets exhibiting greater volatility amid the Covid-19 situation, non-institutional investors will likely turn to real estate, especially residential properties.
\n\u201cWhile demand from homebuyers is weak at this point in time, volatility in the financial markets may encourage institutional and high-net worth investors to look into real estate as an asset class to park their money in,\u201d said Margaret Thean, Executive Director and Regional Head of Residential at Edmund Tie.
\n\u201cReal estate in Singapore, in particular residential properties, has proven to be reliable assets that have enjoyed both capital gains and good rental yields,\u201d she added.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Home buyers to remain cautious in the short term<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore\u2019s residential property market has been muted in the first quarter of 2020, with private...<\/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-115814","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-u7Y","jetpack-related-posts":[{"id":118028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-muted-in-q2-2020-but-buying-activity-to-increase-edmund-tie\/","url_meta":{"origin":115814,"position":0},"title":"Residential investment sales muted in Q2 2020, but buying activity to increase : Edmund Tie","date":"July 30, 2020","format":false,"excerpt":"\r Despite a muted market, the real estate consulting firm expects buying activity to increase, with new projects launching in the second half of 2020. The resale market is also expected to see stronger sales as viewings resume.\u00a0 Residential investment sales in Singapore were muted during the second quarter of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuying-demand-to-remain-buoyant\/","url_meta":{"origin":115814,"position":1},"title":"Homebuying demand to remain buoyant","date":"November 12, 2021","format":false,"excerpt":"\r In Q3 2021, overall transaction volume for private homes increased by 7.5% from the previous quarter\u00a0to 9,083 units; this is a\u00a028.9% year-on-year growth. Homebuying demand in Singapore is expected to remain buoyant, particularly in suburban areas where pricing quanta are lower and relatively more affordable, said Lam Chern Woon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/singapore-skyline.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-for-q2-2021\/","url_meta":{"origin":115814,"position":2},"title":"Residential sector dominates investment sales for Q2 2021","date":"July 14, 2021","format":false,"excerpt":"\r 7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion. Property investment sales in Singapore increased 15.4% quarter-on-quarter to $5.48 billion in the second quarter of 2021, with the residential sector accounting for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Ghim-Moh.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-plunge-63-in-q3\/","url_meta":{"origin":115814,"position":3},"title":"Residential investment sales plunge 63% in Q3","date":"October 25, 2018","format":false,"excerpt":"\r Investment sales in the residential sector plunged to $2.2 billion due to a lackluster en bloc market. Overall property investment sales in Singapore declined from nearly $10 billion in the previous quarter to $6.5 billion in Q3 2018 following the introduction of new property cooling measures in July, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121647,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-private-home-market-to-remain-on-sound-footing\/","url_meta":{"origin":115814,"position":4},"title":"Singapore private home market to remain on sound footing","date":"August 25, 2021","format":false,"excerpt":"\r 8,449\u00a0units in the primary and secondary private home market were transacted in Q2 2021, a 4.3% quarter-on-quarter increase. Barring the introduction of cooling measures from the government, Singapore\u2019s private homes market is expected to remain on sound footing, with new launch activity picking up in the second half of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/condominium-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":116147,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/auction-success-rate-drops-despite-hike-in-mortgagee-sale-listings\/","url_meta":{"origin":115814,"position":5},"title":"Auction success rate drops despite hike in mortgagee sale listings","date":"May 8, 2020","format":false,"excerpt":"\r Singapore saw total auction listings decline 31.1% year-on-year to 235 in the first quarter of 2020, revealed an Edmund Tie report. However, mortgagee sales slightly increased by 2.6% year-on-year to 160 listings. And much like in 2019, the proportion of mortgagee sales significantly increased to 68% in Q1 2020\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\/115814"}],"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=115814"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}