Singapore Real Estate Update

Below contents are from Kim Eng Research reports, I think it's pretty good in giving you a bird's eye view on the latest update of Singapore Real Estate.

Property Prices Reach New High, Government Ramping Up Housing Supply

Private property prices increased 5.3% in 2Q10, setting an all‐time high in the URA price index of 184.2, surpassing the past record of 181.4 achieved in 1996. This has prompted the Government to ramp up its supply for 2H10. A total of 31 sites will be made available in the Government Land Sales (GLS) Programme, potentially generating 13,905 private housing units, the largest supply since the Confirmed List/Reserved List system started in 2H01.

NUS SRPI Indicates Slowdown, New Sentiment Index Points to Weaker Confidence

Latest flash estimates for June of the Singapore Residential Price Index (SRPI) reveal a slowdown in the growth of property prices. The price index for Central region climbed 0.7% mom, slower than 2.1% and 3.4% achieved in May and April respectively. Latest reading for Q2 of the Real Estate Sentiment Index (RESI) stood at 5.9, down from 6.8 in Q1. Industry players remain positive but are less bullish, citing key market risks as an overall decline in the global economy and the increase in supply of new development land.

DEVELOPER’S LANDBANK

TOP SELLING PROPERTIES

1. THE REGENCY AT TIONG   BAHRU  BUKIT MERAH (DISTRICT 3)

2. THE MINTON HOUGANG (DISTRICT 19)

3. KOVAN RESIDENCES KOVAN (DISTRICT 19)

4. ORCHID PARK CONDOMINIUM YISHUN (DISTRICT 27)

5. THE BAYSHORE BEDOK (DISTRICT 16)

6. COSTA DEL SOL BEDOK (DISTRICT 16)

Singapore District Map

01 Boat Quay, Chinatown, Havelock Road, Marina Square, Raffles Place, Suntec City
02 Anson Road, Chinatown, Neil Road, Raffles Place, Shenton Way, Tanjong Pagar
03 Alexandra Road, Tiong Bahru, Queenstown
04 Keppel, Mount Faber, Sentosa, Telok Blangah
05 Buona Vista, Dover, Pasir Panjang, West Coast
06 City Hall, High Street, North Bridge Road
07 Beach Road, Bencoolen Road, Bugis, Rochor
08 Little India, Farrer Park, Serangoon Road
09 Cairnhill, Killiney, Leonie Hill, Orchard, Oxley
10 Balmoral, Bukit Timah, Grange Road, Holland, Orchard Boulevard, River Valley, Tanglin Road
11 Chancery, Bukit Timah, Dunearn Road, Newton
12 Balestier, Moulmein, Novena, Toa Payoh
13 Potong Pasir, Machpherson
14 Eunos, Geylang, Kembangan, Paya Lebar
15 Katong, Marine Parade, Siglap, Tanjong Rhu
16 Bayshore, Bedok, Chai Chee
17 Changi, Loyang, Pasir Ris
18 Pasir Ris, Simei, Tampines
19 Hougang, Punggol, Sengkang
20 Ang Mo Kio, Bishan, Braddell Road, Thomson
21 Clementi, Upper Bukit Timah, Hume Avenue
22 Boon Lay, Jurong, Tuas
23 Bukit Batok, Choa Chu Kang, Hillview Avenue, Upper Bukit Timah
24 Kranji, Lim Chu Kang, Sungei Gedong, Tengah
25 Admiralty, Woodlands
26 Tagore, Yio Chu Kang
27 Admiralty, Sembawang, Yishun
28 Seletar, Yio Chu Kang

Source: expats2singapore.com