{"id":92002,"date":"2018-06-21T11:52:55","date_gmt":"2018-06-21T04:52:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-stocks-down-4-despite-home-price-rebound\/"},"modified":"2018-06-21T12:02:48","modified_gmt":"2018-06-21T05:02:48","slug":"developer-stocks-down-4-despite-home-price-rebound","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-stocks-down-4-despite-home-price-rebound\/","title":{"rendered":"Developer stocks down 4% despite home price rebound"},"content":{"rendered":"


\nProperty developers in Singapore sold fewer homes in the first five months of 2018 compared to last year.
\nDeveloper stocks in Singapore fell 4.0 percent even as home prices rose by 7.0 percent year-to-date, reported Singapore Business Review citing a Maybank Kim Eng report.
\nBased on Urban Redevelopment Authority data, home sales by developers for May reached 1,121 units. This brought new home sales for the first five months of 2018 to 3,431 units, which is down 38 percent over the same period last year, said Maybank Kim Eng analyst Derrick Heng.
\nMore: Singapore private home prices may surge 20% this year: Savills \u00a0
\nHeng believes that lower developer sales could be due to a lack of new launches, and not a sign of market weakness.
\n\u201cWe believe housing demand remains strong, as evidenced by healthy overall volumes, including secondary market transactions,\u201d he said.
\nIn fact, the demand-supply outlook remains supportive of a housing recovery with the share-price divergence offering an opportunity to raise sector exposure.
\nHe expects the annual net supply for 2018 to 2020 to reach as much as 5,300 units compared to the long-term average absorption of 11,400 units.
\n\u201cFurthermore, replacement demand from the 6,000+ households displaced by en bloc deals announced since 2017 will soak up a large part of this supply. Given this, we expect lower vacancy over the next few years,\u201d he said.
\nWith this, Maybank Kim Eng maintained its \u201cnew-home sales forecast of 12,000 units for this year, expecting a stronger 2H2018 to provide re-rating catalysts\u201d.
\nAnd with the recent home price hike expected to continue, Maybank Kim Eng sees buying opportunities during the present share-price weakness.
\n\u201cSpeculative buying is near its historical low whilst existing measures continues to ensure financial prudence amongst property buyers,\u201d added Heng.
\nHome 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 stocks down 4% despite home price rebound<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property developers in Singapore sold fewer homes in the first five months of 2018 compared...<\/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-92002","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-nVU","jetpack-related-posts":[{"id":90384,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-leapfrogs-cdl-as-singapores-largest-developer\/","url_meta":{"origin":92002,"position":0},"title":"Oxley leapfrogs CDL as Singapore\u2019s largest developer","date":"June 4, 2018","format":false,"excerpt":"\r Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Oxley Holdings has surpassed City Developments Limited (CDL) as the city-state\u2019s biggest property developer in terms of the number of sellable homes, reported Singapore Business Review. In fact, Oxley and its joint venture partners are set to build more than 4,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72505,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-to-acquire-more-residential-sites\/","url_meta":{"origin":92002,"position":1},"title":"Developers to acquire more residential sites","date":"November 22, 2017","format":false,"excerpt":"\r At least 13 housing site tenders are expected to close for the remainder of the year, reported Singapore Business Review, citing a report from Maybank Kim Eng. These land plots are projected to yield an additional 3,600 dwellings, with most located in the central part of the city-state, said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93895,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-may-slash-prices-up-to-10-amid-new-curbs\/","url_meta":{"origin":92002,"position":2},"title":"Developers may slash prices up to 10% amid new curbs","date":"July 16, 2018","format":false,"excerpt":"\r Based on their response on the government\u2019s new property cooling measures, developers are expected to cut prices of new launches by up to 10 percent, with prices for high-end homes likely to witness bigger adjustments, reported The Business Times. In fact, some analysts have already priced in a five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/far-too-early-to-worry-of-a-private-home-oversupply\/","url_meta":{"origin":92002,"position":3},"title":"\u201cFar too early\u201d to worry of a private home oversupply","date":"December 19, 2017","format":false,"excerpt":"\r Despite the Monetary Authority of Singapore\u2019s (MAS) warning that private home supply may significantly rise over the next few years on the back of the surge in en bloc deals, Maybank Kim Eng believes it is \u201cfar too early\u201d to be worried of a potential oversupply, reported Today Online.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gls-bids-rise-amid-strong-demand\/","url_meta":{"origin":92002,"position":4},"title":"GLS bids rise amid strong demand","date":"October 7, 2016","format":false,"excerpt":"\r Fewer Government Land Sales launches this year has contributed to fierce competition among developers and escalating land prices. (Photo: Nikki De Guzman) The number of bids for Government Land Sales (GLS) launches has been on the rise this year amid fierce competition among developers to acquire land sites, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8157,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-price-drop-of-over-20-unlikely-say-experts\/","url_meta":{"origin":92002,"position":5},"title":"Home price drop of over 20% unlikely, say experts","date":"March 11, 2016","format":false,"excerpt":"\r Private home prices could fall by up to 15 percent over 2016 and 2017. Analysts believe that private residential prices will continue to fall this year and into 2017, but the rate of decline is unlikely to exceed 20 percent, reported Singapore Business Review. \u201cWe forecast private residential prices\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\/92002"}],"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=92002"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/92002\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=92002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=92002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=92002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}