{"id":75137,"date":"2017-12-22T10:37:45","date_gmt":"2017-12-22T03:37:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-to-rise-by-3-7-in-2018\/"},"modified":"2017-12-22T11:03:04","modified_gmt":"2017-12-22T04:03:04","slug":"private-home-prices-to-rise-by-3-7-in-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-to-rise-by-3-7-in-2018\/","title":{"rendered":"Private home prices to rise by 3-7% in 2018"},"content":{"rendered":"


\nPrices of residential properties here are expected to increase by three percent to seven percent next year, reported the Singapore Business Review.
\nAccording 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 key factor is the en bloc fever that has resulted in sellers, who have received ample cash, needing to buy houses to replaces the ones they sold.
\nThe research house pointed out that the forecasted price hike comes after prices in the city-state hit rock-bottom. The 0.7 percent quarterly rise in the Urban Redevelopment Authority\u2019s (URA) Residential Property Price Index in Q3 2017 is a good indicator that residential values have bottomed out, it said.
\nNatarajan also noted that recent land bids by developers have factored in a price hike of 10 percent to 40 percent, assuming home builders are targeting typical profit margins of between 10 percent and 15 percent.
\nBut the high bids could limit their profit margins. The recovery of the local housing sector could also be impacted by stiff competition for land, the sluggish rental market with a vacancy rate of 8.4 percent, and potential supply-side curbs by the government.
\nLooking ahead, RHB Research expects home sales to rise to 7,893 units and 8,696 units by 2018 and 2019 respectively. However, both figures are lower than Singapore\u2019s 10-year average demand of 9,978 units per annum and 10-year average annual supply of 11,472 units.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private home prices to rise by 3-7% in 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Prices of residential properties here are expected to increase by three percent to seven percent...<\/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-75137","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-jxT","jetpack-related-posts":[{"id":105789,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-remain-flattish-this-year-report\/","url_meta":{"origin":75137,"position":0},"title":"Home prices to remain flattish this year: report","date":"April 5, 2019","format":false,"excerpt":"\r 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. With muted price growth expectations for residential properties, RHB Research expects no near-term catalysts for developers with large local market exposure. This comes as\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":75137,"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":84982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-en-bloc-appetite-diminishing-rhb\/","url_meta":{"origin":75137,"position":2},"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":97200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-that-acquired-expensive-land-to-feel-brunt-of-new-property-curbs\/","url_meta":{"origin":75137,"position":3},"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":[]},{"id":77324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-stocks-may-increase-by-up-to-15-percent\/","url_meta":{"origin":75137,"position":4},"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":110717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-measures-to-improve-stability-in-housing-market\/","url_meta":{"origin":75137,"position":5},"title":"New measures to improve stability in housing market","date":"September 13, 2019","format":false,"excerpt":"\r With about 75 percent of Singapore households expected to qualify for the enhanced housing grants, analysts believe the new measures not only met the Ministry of National Development\u2019s (MND) goal of raising affordability for new households to buy HDB flats, it may also lead to increased stability for the\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\/75137"}],"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=75137"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75137\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}