{"id":63042,"date":"2017-08-08T09:20:41","date_gmt":"2017-08-08T02:20:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-to-increase-by-10\/"},"modified":"2017-08-08T09:28:51","modified_gmt":"2017-08-08T02:28:51","slug":"property-prices-to-increase-by-10","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-prices-to-increase-by-10\/","title":{"rendered":"Property prices to increase by 10%"},"content":{"rendered":"


\n\u00a0
\nWith property sales surging 46 percent year-on-year in 1H 2017, analysts believe the property market is headed for an inflection this year, reported Singapore Business Review citing a DBS Group Research report.
\nIn fact, the analysts expect to see a hike in prices this year, while sales volume could hit a five-year peak in the event the sales momentum continues.
\n\u201cIn our analysis, we found that 94 percent of home buyers in 1H 2017 are Singaporean households. A wildcard to a further acceleration in price is when the wave of buying from foreigners return, especially for homes in the Core Central region,\u201d noted DBS Group Research analysts led by Derek Tan.
\nSEE ALSO:\u00a090 units at Martin Modern sold amounting to $220m
\nAs such, property prices are expected to increase by six to 10 percent in two years.
\nThe hike in prices will be buoyed by the market absorption rate, which is currently at multi-year lows. Notably, unsold inventories stand at 16-year lows at 29,000 units.
\n\u201cWhen compared against current transaction levels, we found that market absorption rate (ratio of unsold units and new sales) stands at 2.1x and it is the tightest in the suburb (Outside Central region),\u201d said the report.
\nThe analysts believe the market can easily absorb them even if the unlaunched new units of over 3,000 from the en blocs and recent government land sales were to be included.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property prices to increase by 10%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 With property sales surging 46 percent year-on-year in 1H 2017, analysts believe the property...<\/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-63042","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-goO","jetpack-related-posts":[{"id":119988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministerial-comments-rising-prices-spark-talk-of-additional-property-cooling-measures\/","url_meta":{"origin":63042,"position":0},"title":"Ministerial comments, rising prices spark talk of additional property cooling measures","date":"January 20, 2021","format":false,"excerpt":"\r Ministerial comments, rising prices spark talk of additional property cooling measuresMinister Desmond Lee\u2019s urge for Singaporeans to exercise prudence when acquiring property\u00a0and the recent rise in\u00a0private home prices have experts\u00a0believing them as signals for another round of cooling measures. 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