{"id":82088,"date":"2018-03-07T10:18:30","date_gmt":"2018-03-07T03:18:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-housing-bubble-is-unlikely-report\/"},"modified":"2018-03-07T11:03:14","modified_gmt":"2018-03-07T04:03:14","slug":"a-housing-bubble-is-unlikely-report","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-housing-bubble-is-unlikely-report\/","title":{"rendered":"A housing bubble is unlikely, report"},"content":{"rendered":"


\nOrangeTee believes that Singapore will unlikely see a housing bubble even as property prices have increased amidst higher land cost and robust demand, reported Singapore Business Review.
\nThis comes as the overall transaction volume for the first two months of 2018 is still significantly lower compared to the previously recorded peak.
\n\u201cWhilst the overall prices have escalated in recent months, the number of transactions remained low as compared to the high volume seen in 2007 and 2010-2013. 2,357 caveats were lodged in the first two months of 2018, lower than the last 10-year average of 2,542,\u201d noted OCBC.
\nMoreover, the government\u2019s various pre-emptive measures such as the Total Debt Servicing Ratio and Seller\u2019s Stamp Duty remains in place to cool the market.
\nLuxury home prices rose 22 percent year-on-year in the first two months of 2018, with the sale of Le Nouvel Ardmore for $4,098 psf bringing the average price for a luxury home to 2,049 psf.
\nProperty prices for mid-tier homes also increased albeit at a more moderate pace of 4.7 percent year-on-year to $1,488 psf, with new sales, subsales and resales reaching record highs at $1,703 psf, $1,715 psf and $1,287 psf, respectively.
\nHowever, mass-market home prices slid by 2.4 percent year-on-year to S$1,117 psf.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…A housing bubble is unlikely, report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

OrangeTee believes that Singapore will unlikely see a housing bubble even as property prices have...<\/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-82088","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-lm0","jetpack-related-posts":[{"id":111471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-housing-market-remains-in-fair-valued-zone\/","url_meta":{"origin":82088,"position":0},"title":"Singapore housing market remains in fair-valued zone","date":"October 9, 2019","format":false,"excerpt":"\r \u00a0 Singapore was cited as the country with the most improved housing market with regard to affordability. The cooling measures, declining population growth, and expected economic downturn are three factors that have caused prices to stagnate and lower number of transactions.\u00a0\u00a0 Singapore\u2019s housing market retains its position in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/10\/UBS-Global-Real-Estate-Bubble-Index-2019.png?fit=559%2C305&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":98738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-housing-market-deemed-fairly-valued\/","url_meta":{"origin":82088,"position":1},"title":"Singapore housing market deemed fairly valued","date":"September 28, 2018","format":false,"excerpt":"\r View of private residential properties in Singapore. Singapore, along with Milan and Boston, were deemed fairly valued by UBS Group in its Global Real Estate Bubble Index. The 20-city index listed Chicago as the only undervalued housing market, reported Bloomberg. 10 cities, including New York, Tokyo and Sydney, were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-in-q2-while-transaction-volume-drop\/","url_meta":{"origin":82088,"position":2},"title":"HDB resale prices up in Q2, while transaction volume drop","date":"July 24, 2020","format":false,"excerpt":"\r Resale transactions fell by more than 41.9% to 3,426 units in Q2 2020 from the previous quarter\u2019s 5,893 units.\u00a0 Resale prices of Housing and Development Board (HDB) flats increased 0.3% quarter-on-quarter in the second quarter of 2020, after holding flat in the previous quarter. OrangeTee noted resale prices \u201chave\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80971,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-stamp-duty-hike-unlikely-to-hinder-housing-market-recovery\/","url_meta":{"origin":82088,"position":3},"title":"Buyer\u2019s stamp duty hike unlikely to hinder housing market recovery","date":"February 26, 2018","format":false,"excerpt":"\r REDAS President Augustine Tan. The Real Estate Developers\u2019 Association of Singapore (REDAS) believes that the hike in buyer\u2019s stamp duty (BSD) is unlikely to jeopardise the recovery of the city-state\u2019s private housing market, reported the Business Times. \u201cThe property market is in the early stages of a recovery and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-hdb-resale-prices-continue-to-increase-in-q2-2021\/","url_meta":{"origin":82088,"position":4},"title":"Private home prices, HDB resale prices continue to increase in Q2 2021","date":"July 1, 2021","format":false,"excerpt":"\r Private home prices, HDB resale prices continue to increase in Q2 2021Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.\u00a0 Singapore saw private home prices and HDB resale prices continue to increase in the second\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-MRT-station.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pinnacleduxton-prices-unlikely-to-climb-much-higher\/","url_meta":{"origin":82088,"position":5},"title":"Pinnacle@Duxton prices unlikely to climb much higher","date":"March 15, 2016","format":false,"excerpt":"\r Three flats at the landmark project have been sold for over $1 million in 2016. The Pinnacle@Duxton in Tanjong Pagar has recorded three transactions of above $1 million so far this year for its 5-room flats, similar to the four deals seen in the first three months of 2015.\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\/82088"}],"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=82088"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}