{"id":86320,"date":"2018-04-24T10:59:06","date_gmt":"2018-04-24T03:59:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sentiment-hits-record-high-in-q1-2018\/"},"modified":"2018-04-24T11:03:17","modified_gmt":"2018-04-24T04:03:17","slug":"developer-sentiment-hits-record-high-in-q1-2018","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sentiment-hits-record-high-in-q1-2018\/","title":{"rendered":"Developer sentiment hits record high in Q1 2018"},"content":{"rendered":"


\nMany developers expect property prices to increase by 5.0 to 8.0 percent for the whole of 2018.
\nSingapore developers have become more upbeat about the state of the property market, with the Real Estate Sentiment Index (RESI) hitting a record high since the index was launched in Q1 2010.
\nOverall sentiment improved from 6.9 in Q4 2017 to 7.1 during the first quarter of this year. In particular, the Current Sentiment Index rose from 6.9 to 7.2, while the Future Sentiment Index increased from 6.9 to 7.0 over the same period. A score above five indicates improving market conditions, while a lower score denotes deteriorating conditions.
\n\u201cThe real estate market sentiment has been at the all-time high after showing 10 consecutive quarters of increases since Q4 2015,\u201d said associate professor Sing Tien Foo of the Department of Real Estate at the National University of Singapore (NUS).
\n\u201cThe improvements in the performance were broad-based and found in all sectors of the property markets. Prime and suburban residential markets showed the most robust performance in Q1 2018 supported by the strong take up in new launches.\u201d
\nMore: New Private Home Sales Down 59.8% From Year Ago
\nHowever, the improvement in market sentiment appears to be slowing down quarter-on-quarter.
\nNevertheless, 88.2 percent of the developers surveyed anticipate home prices to rise over the next six months, with about 64.7 percent forecasting an increase of between 5.0 and 8.0 percent for the whole of 2018.
\nMoreover, 26.5 percent of them plan to significantly increase their new launches in the next six months, while 55.9 percent intend to moderately increase their roll out of units.
\nOn the other hand, 14.7 percent said they would maintain their launches at the same level. Only 5.9 percent expect prices to remain unchanged, while another 5.9 percent think prices would fall.
\nFurthermore, 65.1 percent of the respondents believe that a significant drop in collective sales is unlikely to occur over the next six to nine months despite the hike in development charges.
\nRESI is jointly developed by the Real Estate Developers\u2019 Association of Singapore (Redas) and the Department of Real Estate at NUS. The data is derived from questionnaires conducted among senior executives of Redas members.
\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developer sentiment hits record high in Q1 2018<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many developers expect property prices to increase by 5.0 to 8.0 percent for the whole...<\/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-86320","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-msg","jetpack-related-posts":[{"id":103146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-remain-pessimistic-about-the-property-market\/","url_meta":{"origin":86320,"position":0},"title":"Singapore developers remain pessimistic about the property market","date":"January 21, 2019","format":false,"excerpt":"\r Developers remain cautious amid weakening market conditions expected in 2019. Singapore developers remain pessimistic over the state of the property market, even as the Real Estate Sentiment Index (RESI) posted a marginal uptick during the fourth quarter of 2018. Jointly developed by the Real Estate Developers\u2019 Association of Singapore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-expect-government-to-introduce-property-cooling-measures\/","url_meta":{"origin":86320,"position":1},"title":"More expect government to introduce property cooling measures","date":"February 10, 2021","format":false,"excerpt":"\r More expect government to introduce property cooling measuresThe quarterly survey polled around 40 to 50 senior executives in the real estate sector. The\u00a0possible risk of the government stepping in to cool the market jumped from 19.2%\u00a0in Q3 2020 to\u00a044.7% in Q4 2020. 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