Monday, 12 November 2012

Singapore properties prices show no signs of slowing down!

URA released its Q3 2012 real estate statistics and the property market here continues to be hot! The announcement is here.


If you look at the chart above, i think we can see a "bubble" forming in the industrial zone! Due to the series of cooling measures aimed at the residential market, property investors and speculators are piling into the industrial office arena! Many developers are offering "shoebox" industrial space to feed the appetite of these investors! This is really unhealthy and unsustainable. You can see the prices of industrial factory on a steep upward climb! If this continues unabated, i think investors who speculate in such property types will be burnt eventually.  The only good 'sign' is that prices of office and shop units continue to remain stable. As for our residential property, it looked like it is going to resume its uptrend! Let's take a more detailed look at the various residential housing types for a more granular look.


If you looked at the chart above, it seemed like prices have increased across all residential types! I am not sure what kind of new measures the government is going to implement next but it seemed inevitable that Rounds 7,8,9 and 10 are on its way. The post on Round 6 of cooling measure is here. The government has an unenviable task of cooling the market without trying to kill it. I truly pity those couples who are trying to get married and do not qualify for a flat (or what is commonly known as the "sandwich class"). It is a case of not "poor" enough to qualify for a flat but not too rich either to buy a private property without getting into a huge mountain of debt! 

Are you one of those who are in the sandwich class or are you one of those still waiting on the sideline? Perhaps you can share with us your thoughts on what kind of cooling measures you would like to see being implemented. 

5 comments:

John Crues said...

Thanks for the useful information to the readers and for providing such a useful thing....Real Estate in Singapore

How To Buy Property Shares said...

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Hdmi Intel said...

Thanks for sharing this one Mr Ipo. Though this articles was posted almost 3 years ago, I can say that Singapore properties prices shows no signs of slowing down at all (sorry for repeating the title though) Why I am saying this? Because I have seen it in residential and CBD Office Rental in Singapore. Thanks for sharing this post by the way! Keep up the goodwork!

trilive kovan said...

3 years later after this article is posted condo properties still has no intention to pushing down the prices although Singapore market is starting to get saturated already,

Man Jeet said...

After the cooling measure, I think New Residential places in Singapore should go down. Anyway, I think we should consult a real expert when it comes to property hunting.

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