Singapore property market in limbo

 

Despite numerous indicators that the Singapore property market is recovering, experts are demanding more proof before they officially announce an improvement.

The latest indicator that the market is picking up was the recent sale of an executive condominium building (Hundred Palms Residences EC) in Hougang which was snapped up within just seven hours of being put on the market. This is the first time in three years that the Singapore property market has witnessed such a speedy transaction.

https://www.buyassociation.co.uk/2017/07/04/singapore-maintain-property-stance/

Regardless, property specialists are still searching for more clues that the Singapore property market is finally on the up.

“Typically, in a boom market, prices, rentals and sales volume will all increase. We have not seen that yet,” commented head of research and consultancy at ZACD Group, Nicholas Mak. “I won’t say the whole property market has turned around. One swallow doesn’t make a summer,” he added in regards to the swift Hundred Palms Residences sales.

Increased market optimism – powered by low interest rates, a modification in some market cooling measures and a healthy stock market – has helped to spur new home sales in Singapore.

However, regardless of the increase in sales, property experts have announced that it’s too early to declare a full recovery as it is not broad-based.

https://www.buyassociation.co.uk/2017/06/23/promising-outlook-singapore-stocks/

“The good performances of recent launches indicate that there is pent-up demand,” said Wong Xian Yang , head of research and consultancy at OrangeTee.

“[But] prices have stubbornly continued to decline. So it might be too soon to say that the market has finally turned a corner.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Singapore property market in limbo

Singapore property market in limbo

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.