{"id":98122,"date":"2018-09-19T12:32:52","date_gmt":"2018-09-19T05:32:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/slower-take-up-rates-could-dampen-performance-of-property-stocks\/"},"modified":"2018-09-19T13:04:43","modified_gmt":"2018-09-19T06:04:43","slug":"slower-take-up-rates-could-dampen-performance-of-property-stocks","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slower-take-up-rates-could-dampen-performance-of-property-stocks\/","title":{"rendered":"Slower take up rates could dampen performance of property stocks"},"content":{"rendered":"


\nProperty sales in Singapore have fallen by 27 percent so far this year.
\nThe anticipated slower property sell-through rates, due to more launch units in August, could continue to dampen the performance of property stock prices, said CGS-CIMB.
\nThis comes as the outperformance of property stocks has historically shown the highest correlation to take-up rates.
\nLooking to purchase a new home? Read our\u00a0in-depth project reviews\u00a0of all new launches or check out our\u00a0buying or rental guides.
\nWith this, the firm expects property stocks to continue to remain range-bound in the near term.
\nIt noted that private home sales fell 27 percent to 6,476 units in the first eight months of 2018.
\n\u201cWhilst replacement demand from displaced en bloc sellers could provide some support for transaction volumes, overall, we expect the cooling measures to have a dampening effect on buying sentiment and pricing expectations,\u201d said CGS-CIMB.
\nAnd given the recent hike in land prices, which resulted in high landbank cost, \u201cany significant price retracement or prolonged land holding period could impact development margins\u201d.
\nThe firm believes that faster turn asset and good sell-through rates are key to preserving development margins.
\nMeanwhile, CGS-CIMB noted that August home sales showed selective buying post property curbs.
\nHome sales fell 64 percent month-on-month in August to 616 units, excluding executive condominiums (ECs). Including ECs, 639 new units were sold.
\nThe Tre Ver sold 22 percent of its 729 units within a month of its launch at $1,551 psf on average.
\nSelected ongoing projects saw an additional four to 10 percent changing hands such as Stirling Residences, Affinity at Serangoon, Riverfront Residences and Park Colonial.
\nEstimate your maximum property affordability with our\u00a0Affordability Calculator
\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…Slower take up rates could dampen performance of property stocks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property sales in Singapore have fallen by 27 percent so far this year. The anticipated...<\/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-98122","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-pwC","jetpack-related-posts":[{"id":123853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-stocks-fall-amid-new-cooling-measures\/","url_meta":{"origin":98122,"position":0},"title":"Singapore property stocks fall amid new cooling measures","date":"December 17, 2021","format":false,"excerpt":"\r The latest round of cooling measures, which saw higher ABSD rates, a tighter TDSR threshold and a lower LTV limit for HDB-granted loans, impacted Singapore property stocks negatively. Singapore\u2019s property firms saw their shares drop on Thursday (16 December) following the Government\u2019s unexpected announcement of new property cooling measures,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/singapore-city.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108984,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-fail-to-dampen-demand-for-micro-flats-as-t-plus-project-in-tuen-mun-sells-245-out-of-344-units\/","url_meta":{"origin":98122,"position":1},"title":"Hong Kong protests fail to dampen demand for micro flats as T-Plus project in Tuen Mun sells 245 out of 344 units","date":"July 14, 2019","format":false,"excerpt":"\r The allure of a property \u201cbargain\u201d in Hong Kong may be stronger than concerns about the recent social unrest that has rocked the city if sales of tiny, heavily discounted, flats at a major project in Tuen Mun today were anything to go by.By 6pm on Sunday, 245 of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-deals-surge-anew-in-september-on-rate-cut-buoyant-stocks\/","url_meta":{"origin":98122,"position":2},"title":"Hong Kong property deals surge anew in September on rate cut, buoyant stocks","date":"October 3, 2025","format":false,"excerpt":"\r Hong Kong property sales in September saw an increase in the number of deals and value on the back of easing interest rates and a resurgent stock market, according to property agents. Deals covering new and lived-in homes, office spaces, shops, car parking slots as well as industrial units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vibe-centro-flats-see-poor-sales-as-surging-prices-new-stamp-duty-dampen-appetite\/","url_meta":{"origin":98122,"position":3},"title":"Vibe Centro flats see poor sales as surging prices, new stamp duty dampen appetite","date":"April 14, 2017","format":false,"excerpt":"\r It seems that Hong Kong property buyers may have their limits after all. Poly Property Group\u2019s latest batch of apartments in Kai Tak saw disappointing sales on Friday, with less than a third of the 93 new units at Vibe Centro finding buyers between 10am and 6pm, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-snap-up-sun-hung-kais-st-martin-flats-in-tai-po-victoria-harbour-units-in-north-point\/","url_meta":{"origin":98122,"position":4},"title":"Buyers snap up Sun Hung Kai\u2019s St Martin flats in Tai Po, Victoria Harbour units in North Point","date":"July 21, 2018","format":false,"excerpt":"\r Hong Kong\u2019s buyers made quick work of two real estate projects offered for sale by Sun Hung Kai Properties over the weekend, indicating that rising interest rates and the unfolding US-China trade war are doing little to dampen the city\u2019s housing demand. Sixty four of the 66 units available\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/development-charge-rate-hike-wont-dampen-collective-sale-fever\/","url_meta":{"origin":98122,"position":5},"title":"Development charge rate hike won't dampen collective sale fever","date":"March 1, 2018","format":false,"excerpt":"\r The development charges for non-landed homes is up by 22.8 percent. 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