User Guide V1.0. Copyright PropertyMarketInsights.com Back to Contents page 1

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1 User Guide V1.0 Copyright PropertyMarketInsights.com Back to Contents page 1

2 Contents User Guide... 1 Introduction Charts and Analysis Transaction tables Top/Bottom Lists... 8 Glossary & Sitemap... 8 Glossary Overall Market Analysis Property Market Cycle Model Developer vs Resale volume Interest Rates and Yields Policy measures Residential supply Price vs Rental indices Non-Landed Residential > Transactions Non-landed (Resale and Subsale) Developer Project Sales (non-landed) Top 20 Non-Landed New Sale Projects (by Units Sold in the Month) Top/Bottom 20 Non-Landed New Sale Projects (by Median Price) Top/Bottom 20 Non-Landed New Sale Projects (by Sell-through Rate) Non-Landed Residential > Analysis Private Property vs HDB Indices Completed vs Uncompleted Condos Freehold vs Leasehold Condos Vacancy and Rentals Developer Sell-through Rate Subsales Buyer Profile Landed Residential > Transactions Developer Project Sales (Landed) Landed Transactions (Resale & Subsale) Enbloc Copyright PropertyMarketInsights.com Back to Contents page 2

3 Landed Residential > Top/Bottom Most Expensive Landed (by $PSF) Most Expensive Landed (by total cost) Cheapest Landed (by $PSF) Cheapest Landed (by total cost) Landed Residential > Analysis Landed vs Non-landed Residential PPI Detached vs Semi-D vs Terrace vs Apartment vs Condo PPI Detached vs Semi-D vs Terrace vs Apartment vs Condo Prices Rental and Vacancy rate Freehold vs Leasehold Terrace Residential Areas & Projects > Volume & Prices Landed (by Planning Area and Type of Sale) Non-landed (by Planning Area and Type of Sale) Residential Areas & Projects > Top/Bottom Most Expensive Non-Landed Projects (by $PSF) Cheapest Non-Landed Projects (by $PSF) Prices of Non-Landed Resi Projects (by Planning Area) Top 20 Residential Projects by % Price Change Bottom 20 Residential Projects by % Price Change Non-Landed Residential Projects Rentals, Prices and Yields Top 20 Non-Landed Residential Projects by Rental Yield Cheapest Non-Landed Residential Units (by $PSF and total price) Most Expensive Non-Landed Residential Units (by $PSF and total price) Residential Areas & Projects > Regional Analysis Price and PPI in CCR, RCR & OCR Rental and Yield in CCR, RCR & OCR Condos - Regional Analysis of Indices and Prices Apartments - Regional Analysis of Indices and Prices Detached - Regional Analysis of Indices and Prices Semi-Detached - Regional Analysis of Indices and Prices Terrace - Regional Analysis of Indices and Prices Commercial & Industrial > Transactions Shop (New, Resale, Subsale) Copyright PropertyMarketInsights.com Back to Contents page 3

4 5.1.2 Office (New, Resale, Subsale) Shophouse (New, Resale, Subsale) Industrial (New, Resale, Subsale) Commercial & Industrial > Analysis Resi/Office/Shop/Industrial Price Indices Commercial & Industrial > Office PPI and Rental Index in Central & Fringe Areas Median Price and Rental in Central & Fringe Areas Rentals and Vacancy of Category 1 & 2 Offices Office Rentals and Prices (by Planning Area) New supply of office in the pipeline Commercial & Industrial > Shop PPI and Rental Index in Central & Fringe Areas Median Price and Rental in Central & Fringe Areas Rentals and Vacancy in Orchard and other areas Shop Rentals and Prices (by Planning Area) Shophouse Rentals and Prices (by Planning Area) New supply of shop space in the pipeline Commercial & Industrial > Industrial Price and Rental Index for Factory and Warehouse Price and Rentals of Factory and Warehouse Rentals and Vacancy of Factory and Warehouse Factory Rentals and Prices (by Planning Area) Warehouse Rentals and Prices (by Planning Area) New supply of factory space in the pipeline New supply of warehouse space in the pipeline Copyright PropertyMarketInsights.com Back to Contents page 4

5 Introduction Whether you re already a member or are curious to see exactly what s in the PropertyMarketInsights.com membership site thanks for taking the time to read this guide. There s a ton of information and analysis in the site, so I hope this will be a useful reference for you. After you login at you will be redirected to the member s area, which looks like the screenshot below: You can reach the sections of the site you have access to via the menu on the left under the Categories tag. Admin functions and commonly used links are also located on a menu bar on the top. Hover your mouse over Members Home to get a shortcut access to the page you are looking for. There are three typical types of pages in PropertyMarketInsights.com: Copyright PropertyMarketInsights.com Back to Contents page 5

6 1. Charts and Analysis These contain colourful charts to help you easily digest lots of data, detailed commentary with the relevant facts and figures for those who want the numbers, and a quick executive summary at the top of the page (the box in blue) for those who just want a quick sound bite. Copyright PropertyMarketInsights.com Back to Contents page 6

7 2. Transaction tables Transaction Tables typically contain the current and previous month s transactions for a particular property type (e.g. non-landed residential, shop, office etc). They are formatted for easy browsing, and you can both sort them by any factors you are interested in (e.g. pricing, area etc) and search them (enter search terms you want to filter the list by into the box). For example, to find all transactions for The Sail you can type that into the box, or you can type in Bukit Timah to find all transactions in that area. You can even combine search terms (e.g. Bukit Timah Freehold to find all freehold transactions in Bukit Timah). Copyright PropertyMarketInsights.com Back to Contents page 7

8 3. Top/Bottom Lists Top/Bottom Lists are compiled and sorted tables that rank projects/units based on a certain criteria (e.g. cheapest, most expensive, highest yielding, biggest % change in price etc). You can use them to spot interesting investment ideas. Glossary & Sitemap Copyright PropertyMarketInsights.com Back to Contents page 8

9 The property market is full of confusing jargon for a detailed explanation of what many of those mean, head to the Glossary & Sitemap section. Let us know if there are any terms you don t understand that are not listed there. For your convenience we ve also included a copy of the Glossary in this guide. On the left hand sidebar you will see a detailed listing of all the pages you have access to in our member s site. The rest of this guide will go in detail into what sort of data each page contains and how you can use it. If you have any questions or feedback please feel free to contact us at info@propertymarketinsights.com. Thanks for joining us and we believe our analysis and insights will help the average investor save/make hundreds of thousands of dollars over a cycle. Wishing You Success, PropertyMarketInsights.com team Last updated on 15 Jul 2012 Copyright PropertyMarketInsights.com Back to Contents page 9

10 Glossary Apartments Apartments are medium to high rise residential developments that are situated on a smaller plot of land than Condominiums and typically have fewer facilities. Category 1 Office Buildings Category 1 Office Buildings are defined by the URA as those buildings located in core business areas in Downtown Core and Orchard Planning Area which are relatively modern or recently refurbished, command relatively high rentals and have large floor plate size and gross floor area. Category 2 Office Buildings Category 2 Office Buildings are simply the remaining office buildings that are not classified as Category 1 Office Buildings, i.e. the ones that are not centrally located and/or older ones with low rentals and small floor plates. Central Area Central Area comprises 11 Planning Areas (as defined by the URA): Outram, Museum, Newton,River Valley, Singapore River, Marina South,Marina East, Straits View, Rochor, Orchard and Downtown Core. Central Region The Central Region is made up of 22 Planning Areas: Downtown Core, Orchard, Marina East, Marina South, Museum, Newton, Outram, River Valley, Rochor, Singapore River, Straits View, Bishan, Bukit Merah, Bukit Timah, Geylang, Kallang, Marine Parade, Novena, Queenstown, Southern Islands, Tanglin and Toa Payoh. Condominiums Condominiums are high rise residential developments that usually come with facilities such as a swimming pool, gym, security, BBQ area and so on. Technically a development is only called a Condominium if it sits on a site that is larger than 4,000 square meters (43,056 square feet). Core Central Region (CCR) The CCR is made up of postal districts 9,10, 11, Downtown Core and Sentosa. Detached Houses/Bungalows These landed houses do not share a wall with other houses and are located on their own piece of land. Enbloc Enbloc is the sale of all the units within a housing development to a developer who has the intention to redevelop the site into a new development. Copyright PropertyMarketInsights.com Back to Contents page 10

11 Executive Condominiums Executive Condominiums are a hybrid between public and private housing. They were introduced by the HDB to cater to young graduate and professional Singaporeans who wanted higher quality housing but could not afford private property. They are built by private developers and have Condominium facilities, and the income ceiling to buy them is $10,000. But they also have restrictions such as the Minimum Occupation Period of 5 years before they can be sold, and from Year 6 to 10 can only be sold to buyers who meet HDB s eligibility requirements. From the 11th year all restrictions are lifted and they can be bought and sold freely, even by foreigners. Fringe Area Fringe Area comprises the remaining 11 Planning Areas in the Central Region that are not in the Central Area, namely: Bukit Merah, Bukit Timah, Queenstown, Kallang, Bishan, Marine Parade, Geylang, Toa Payoh, Tanglin, Novena and Southern Islands. Freehold Freehold is a form of property tenure where you own the property for an indefinite period of time. Leasehold Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. Common lengths of the lease for residential property are 99 years and 999 years. LHS = Left Hand Side. Used in graphs to indicate which axis the particular line chart refers to (e.g. if a line chart is denoted with LHS you should refer to the left axis for that line). Orchard Planning Area Orchard Planning Area is an area around Orchard Road that has been demarcated by the URA. It covers the prime retail buildings in Singapore s premier shopping street. Outside Central Region (OCR) OCR refers to the planning areas which are outside the Central Region. Outside City Area Outside City Area, also known as the Outside Central Area, comprises the Fringe Area, East Region, North East Region, North Region and West Region. Planning Areas and Regions Distinct from the concept of districts that are commonly used in the property market, the Urban Redevelopment Authority (URA) has divided Singapore into 55 urban planning areas, which are organized into five Regions Central, East, North, North-East and West. The URA also has several other classification schemes such as Central Area/Fringe Area (used for commercial property) and Copyright PropertyMarketInsights.com Back to Contents page 11

12 Core Central/Rest of Central/Outside Central Regions (see table below for the detailed classification). Copyright PropertyMarketInsights.com Back to Contents page 12

13 Postal District While there are no longer any official district codes used in Singapore, people often refer to a property being in a specific district when buying or renting. These codes were originally used for the postal districts, but were replaced by the 6-digit postal codes a number of years ago. Here are the general areas the Postal District codes refer to (see map above for their general locations): 01 Raffles Place, Cecil, Marina, People s Park 02 Anson, Tanjong Pagar 03 Queenstown, Tiong Bahru, Alexandra 04 Telok Blangah, Harbourfront, Sentosa, Keppel, Mount Faber 05 Pasir Panjang, Buona Vista, Dover, West Coast, Clementi New Town 06 High Street, Beach Road, City Hall 07 Middle Road, Golden Mile, Bugis, Rochor 08 Little India, Farrer Park, Serangoon Road 09 Orchard, Cairnhill, River Valley 10 Ardmore, Bukit Timah, Holland Road, Tanglin 11 Watten Estate, Newton, Novena, Thomson 12 Balestier, Toa Payoh, Serangoon 13 Macpherson, Braddell, Potong Pasir 14 Geylang, Paya Lebar, Eunos, Kembangan 15 Katong, Joo Chiat, Amber Road, Marine Parade, Tanjong Rhu, Meyer 16 Bedok, Upper East Coast, Eastwood, Kew Drive, Chai Chee, Siglap 17 Loyang, Changi 18 Tampines, Pasir Ris, Simei Copyright PropertyMarketInsights.com Back to Contents page 13

14 19 Serangoon Garden, Hougang, Punggol, Sengkang 20 Bishan, Ang Mo Kio, Braddell 21 Upper Bukit Timah, Ulu Pandan 22 Jurong, Boon Lay, Tuas, Lakeside 23 Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang, Bukit Batok 24 Lim Chu Kang 25 Kranji, Woodgrove, Woodlands 26 Upper Thomson, Springleaf 27 Yishun, Sembawang, Admiralty 28 Seletar, Yio Chu Kang Property Price Index (PPI) The PPI is the ratio of the current price per square metre compared to that in the 4th Quarter of It is compiled by the URA on a quarterly basis and is used to track the price movement of private properties in Singapore. Rest of Central Region (RCR) RCR refers to the rest of Central Region which are outside postal districts 9, 10, 11, Downtown Core and Sentosa. Rest of City Area Rest of City Area refers to the Central Area outside of the Orchard Planning Area. RHS = Right Hand Side. Used in graphs to indicate which axis the particular line chart refers to (e.g. if a line chart is denoted with RHS you should refer to the right axis for that line). Sell-Through Rate The Total Sell-Through Rate is defined as the cumulative units sold-to-date divided by the total number of units in a project. Semi-Detached Houses These landed houses share one wall in common with a neighbour. SIBOR SIBOR (Singapore Interbank Offered Rate) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). Many mortgages in Singapore are now priced off SIBOR. Subsale The URA defines a subsale as the sale of a unit by one who has signed an agreement to purchase the unit from a developer or a subsequent purchaser before the issuance of the Certificate of Copyright PropertyMarketInsights.com Back to Contents page 14

15 Statutory Completion and the Subsidiary Strata Certificates of Title or the Certificates of Title for all the units in the development. More simply, a subsale is the secondary sale of a unit before it is completed. Terrace Houses These are landed houses that share common walls with neighbours on both sides, unless at the end of a row. Copyright PropertyMarketInsights.com Back to Contents page 15

16 Overall Market Analysis Property Market Cycle Model Developer vs Resale volume Interest Rates and Yields Policy measures Residential supply Price vs Rental indices This section is available to Basic, Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 16

17 1.1.1 Property Market Cycle Model Category: Overall Market Analysis The Property Market Cycle Model is the centerpiece of our membership site. It is an in-house developed model that indicates the optimal periods to buy and sell property based on the stage of the market, which we ve split into four distinct cycles: Early Bull, Late Bull, Early Bear and Late Bear. You can read more about the thinking behind the PMCM here. The list of graphs and commentary on this page includes: a. Property Market Cycle Model b. Change in PPI vs STI vs Volume (%) Stay updated on where we are in the cycle this indicates what the general investment outlook will be. The best times to buy property are typically in the Late Bear and Early Bull phases of the market, while the best times to sell will be during the Early Bear and Late Bull phases. This page is updated on a monthly basis when there are interesting data points. The model itself is updated on a quarterly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 17

18 1.1.2 Developer vs Resale volume Category: Overall Market Analysis This page contains data on both developer and resale transaction volumes. The list of graphs and commentary on this page includes: a. Total residential sales volume (# of units) b. Quarter-on-Quarter change in residential sales volume (%) c. Composition of residential sales volume d. Developer sales as a % of total sales e. Secondary market sales as a % of total sales f. Residential sales volume (monthly) Transactions are the lifeblood of the property market. Increasing transaction volumes indicate increasing bullishness while decreasing transaction volumes indicate increasing bearishness. The level of transaction volume also tells you how liquid (i.e. easy to buy or sell) the market is. Keep track of the trend of transaction volumes as it is one of the key indicators in the property market. This page is updated on a monthly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 18

19 1.1.3 Interest Rates and Yields Category: Overall Market Analysis Analysis on the trend and level of interest rates and property yields. The list of graphs and commentary on this page includes: a. 3-month and 12-month SIBOR (monthly) b. Average yields vs mortgage rates Interest rates are important to the property market because they affect the cost of financing (i.e. mortgages). Higher interest rates make it more expensive to finance a property, and also decrease the potential gains from renting out the property. By keeping track of the level of interest rates and the spread between rental yields and mortgage rates, you will know if investors are getting paid for holding on to a property (which is bullish for the market) or having to pay for it (which is bearish for the market). This page is updated on a monthly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 19

20 1.1.4 Policy measures Category: Overall Market Analysis This page contains detailed updates on the Singapore property policy measures implemented by the government since 2009, and the measures are classified by type according to whether they impact Demand, Supply, Financing or Taxes. Policy measures can help to revive a correcting market or put the brakes on an exuberant one, and have a significant impact on the volume, prices and future trends. By keeping abreast of the latest measures you can predict the impact on various segments of the market. For example, a close analysis of the Additional Buyer s Stamp Duty would have indicated that foreign demand would likely have been significantly curbed after its introduction, which did indeed happen. Or that the introduction of the Seller s Stamp Duty would lead to a decrease in the proportion of subsales. This page is updated whenever there are policy changes. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 20

21 1.1.5 Residential supply Category: Overall Market Analysis This page examines the pipeline of supply coming in the next five years and beyond. The list of graphs and commentary on this page includes: a. Private residential supply pipeline as of the previous quarter (units) b. Residential sales volume (annual) The meeting of demand and supply is what determines the market pricing and volumes. A large amount of upcoming supply relative to the historical demand will indicate potential downward pressure on prices. While the upcoming pipeline of supply is relatively clear (as developers with projects under construction are committed and are unlikely to stop construction even in a weak market), demand is harder to predict. Do note that supply can also change as the planned supply (the bars in red) are not fixed and developers can adjust their plans based on market conditions. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 21

22 1.1.6 Price vs Rental indices Category: Overall Market Analysis Analysis of the trend of price and rental indices. The list of graphs and commentary on this page includes: a. Price vs Rental indices b. Change in PPI and Rental Index (%) c. PPI vs Rental index premium/discount Rentals affect the potential return of owning a property and affect the buy or rent decision of end users. Thus keeping track of the movement of the rental indices and comparing to that of the price indices will give you a sense of the relative attractiveness of buying versus renting, which should affect the demand for property purchases. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 22

23 Non-Landed Residential > Transactions Non-landed (Resale and Subsale) Developer Project Sales (non-landed) Top 20 Non-Landed New Sale Projects (by Units Sold in the Month) Top/Bottom 20 Non-Landed New Sale Projects (by Median Price) Top/Bottom 20 Non-Landed New Sale Projects (by Sell-through Rate) This section is available to Basic, Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 23

24 2.1.1 Non-landed (Resale and Subsale) Category: Non-landed Residential > Transactions This page contains a searchable and sortable list of non-landed residential transactions (resale and subsale) from the current and previous month. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Contract Date, Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent non-landed residential transactions in the secondary market. You can browse through the transactions, or sort it by any criteria you are interested in (e.g. common ones would be transacted prices, price per square foot and planning areas) to get a feel of the market. If there are specific projects, addresses or areas/districts you are interested in, you can also search for them using the search box. This page is updated on a weekly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 24

25 2.1.2 Developer Project Sales (non-landed) Category: Non-landed Residential > Transactions This page contains a list of projects launched by developers from the previous month. Details include Project Name, Street Name, Developer, Property Type, Locality, Total Number of Units in the Project, Cumulative Units Launched-to-date, Cumulative Units Sold-to-date, Cumulative Units Launched but Unsold, Units Launched in the Month, Units Sold in the Month, Median Price, Lowest Price ($psf) in the Month, Highest Price ($psf) in the Month and Total Sell-through Rate (defined as the cumulative units sold-to-date divided by the total number of units in a project). Use this page to keep track of the sales progress of new non-landed residential projects by developers. You can browse through the list, or sort it by any criteria you are interested in (e.g. common ones would be median price per square foot and units sold in the month) to get a feel of the primary market. If there are specific projects or developers you are interested in, you can also search for them using the search box. This page is updated on a monthly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 25

26 2.1.3 Top 20 Non-Landed New Sale Projects (by Units Sold in the Month) Category: Non-landed Residential > Transactions This page contains a list of the Top 20 non-landed projects launched by developers from the previous month ranked by the number of units sold in that month. Details include Project Name, Street Name, Developer, Property Type, Locality, Total Number of Units in the Project, Units Sold in the Month, Median Price, Lowest Price ($psf) in the Month, Highest Price ($psf) in the Month and Total Sell-through Rate (defined as the cumulative units sold-to-date divided by the total number of units in a project). This compiled list is a quick way for you to identify new projects that are selling well. Looking at the location, number of units sold and prices, you can get a sense of where the hot areas and projects are, and potentially spot interesting opportunities in projects that are nearby that could be selling at a significant discount. This page is updated on a monthly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 26

27 2.1.4 Top/Bottom 20 Non-Landed New Sale Projects (by Median Price) Category: Non-landed Residential > Transactions This page contains a list of the Top and Bottom 20 non-landed projects launched by developers from the previous month ranked by median price. Details include Project Name, Street Name, Developer, Property Type, Locality, Total Number of Units in the Project, Units Sold in the Month, Median Price, Lowest Price ($psf) in the Month, Highest Price ($psf) in the Month and Total Sellthrough Rate (defined as the cumulative units sold-to-date divided by the total number of units in a project). This compiled list is a quick way for you to identify where the cheapest and most expensive new projects are. Looking at the location, number of units sold and prices, you can get a sense of where the hot areas and projects are, and potentially spot interesting opportunities in projects that are nearby that could be selling at a significant discount, or identify new projects that are priced at a bargain. This page is updated on a monthly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 27

28 2.1.5 Top/Bottom 20 Non-Landed New Sale Projects (by Sell-through Rate) Category: Non-landed Residential > Transactions This page contains a list of the Top and Bottom 20 non-landed projects launched by developers from the previous month ranked by Total Sell-through Rate. Details include Project Name, Street Name, Developer, Property Type, Locality, Total Number of Units in the Project, Units Sold in the Month, Median Price, Lowest Price ($psf) in the Month, Highest Price ($psf) in the Month and Total Sell-through Rate (defined as the cumulative units sold-to-date divided by the total number of units in a project). This compiled list is a quick way for you to identify which new projects are selling well, and which projects are selling poorly. If you re interested in a particular project and it has a high sell-through rate, that s a sign that you should probably move fast to grab your unit. If you re interested in a project and it has a low sell-through rate, that s a sign that the developer could be open to negotiating on the price. An alternative scenario where the developer could be open to negotiating on price is if the project has just a few units left unsold they might be willing to cut the price to get rid of the inventory. The idea is to identify situations where you as the buyer have greater negotiating power. This page is updated on a monthly basis. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 28

29 Non-Landed Residential > Analysis Private Property vs HDB Indices Completed vs Uncompleted Condos Freehold vs Leasehold Condos Vacancy and Rentals Developer Sell-through Rate Subsales Buyer Profile This section is available to Basic, Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 29

30 2.2.1 Private Property vs HDB Indices Category: Non-landed Residential > Analysis An analysis of the public and private housing price indices. The list of graphs and commentary on this page includes: a. PPI vs HDB Resale Price Index b. Change in PPI vs HDB Resale Price Index c. PPI Premium/Discount vs HDB Resale Price Index In Singapore the public housing and private housing markets are inextricably linked as owners of HDB flats can, after the fulfillment of a Minimum Occupation Period, sell their units based on market prices. They can then potentially choose to upgrade to a private housing unit with better facilities. Conversely, private property owners can sell their unit and, if they meet the ownership rules for public housing, can downgrade to a cheaper HDB flat. In essence, a large percentage of the resident population can choose between the two types of housing, with their choice depending on their affordability and aspirations. Thus the relative pricing and demand and supply dynamics of one segment will have an impact on the other. By keeping track of the trends and relative affordability between the two you can make a better choice between choosing public and private housing. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 30

31 2.2.2 Completed vs Uncompleted Condos Category: Non-landed Residential > Analysis An analysis of the price indices of completed versus uncompleted condos. The list of graphs and commentary on this page includes: a. PPI of completed vs uncompleted condos b. Change in PPI of completed and uncompleted condos c. Completed vs uncompleted condo PPI premium/discount d. Median price of completed vs uncompleted condos (Spsf) e. Change in median price of completed and uncompleted condos f. Completed vs uncompleted condo median price premium/discount When buying a property, you often have the choice of choosing a completed (e.g. resale) and uncompleted (e.g. new sale and subsale) property. Following the trends and relative pricing between the two will help you make a better choice. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 31

32 2.2.3 Freehold vs Leasehold Condos Category: Non-landed Residential > Analysis An analysis of the price indices of freehold and leasehold condos. The list of graphs and commentary on this page includes: a. PPI of freehold vs leasehold condos b. Change in PPI of freehold and leasehold condos c. Freehold vs leasehold condo PPI premium/discount d. Median price of freehold vs leasehold condos (Spsf) e. Change in median price of freehold and leasehold condos f. Freehold vs leasehold condo median price premium/discount Are freehold properties better buys than leasehold ones? The short answer it depends on the relative pricing between the two. There are times when freehold properties make better buys, and times when leasehold properties (if they are cheap enough) make better buys. On this page we compare freehold and leasehold condos to get a general sense of what the relative pricing between the different tenures of non-landed properties are. Do note however that this is just a broad nationwide analysis and for your own purchase you should ideally compare neighbouring properties for the best comparability. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 32

33 2.2.4 Vacancy and Rentals Category: Non-landed Residential > Analysis An analysis of the vacancy rates and rentals per square foot of non-landed residential property. The list of graphs and commentary on this page includes: a. Vacancy rate of non-landed residential units b. Vacancy rate vs median rental for non-landed residential units c. Change in vacancy rate vs median rental for non-landed residential units Vacancy rates and rentals are inversely correlated this means that if vacancy rates go up, rentals should go down. By tracking both the trend of vacancies and rentals, you will have a better sense of how sustainable current rentals (and thus yields) are. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 33

34 2.2.5 Developer Sell-through Rate Category: Non-landed Residential > Analysis An analysis of developer sell-through rates and inventory. The list of graphs and commentary on this page includes: a. Developer sell-through rate (quarterly) b. Monthly sell-through rate (excluding ECs) c. Developer inventory levels Tracking the developer sell-through rate (defined as the new unit sales in a particular period divided by the units launched) will tell you how hot the market for new launches are if it is high, it means that developers are easily able to sell the units they bring onto the market; if it is low, it means that developers are finding hard to offload their properties to buyers. The level and movement of developer inventory levels will give you a sense of the potential backlog of properties that could become an overhang on the market and depress prices (and also put stress on the developers balance sheets). This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 34

35 2.2.6 Subsales Category: Non-landed Residential > Analysis An analysis of the level and change of subsales. The list of graphs and commentary on this page includes: a. Private residential units sold in subsales b. Change in subsales (%) c. Subsale as % of total residential sales Subsales are defined by the URA as the sale of a unit by one who has signed an agreement to purchase the unit from a developer or a subsequent purchaser before the issuance of the Certificate of Statutory Completion and the Subsidiary Strata Certificates of Title or the Certificates of Title for all the units in the development. In other words, a subsale is the secondary sale of a unit before it is completed. Tracking the level, change and proportion of subsales is an indicator of the level of speculative activity in the market. The government does refer to this as an indicator based on its announcements, so it could also be a guide to the likelihood of potential future policy measures. This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 35

36 2.2.7 Buyer Profile Category: Non-landed Residential > Analysis An analysis of the buyer profile of uncompleted private residential units. The list of graphs and commentary on this page includes: a. Purchasers of uncompleted private residential units b. Singaporeans as a % of total purchasers c. PRs as a % of total purchasers d. Foreigners as a % of total purchasers e. Companies as a % of total purchasers Use this page to track the impact of non-singaporean buyers on the market, who are a more volatile source of demand as they are more sensitive to the global macroeconomic environment (for example leading to hot money outflow or inflows) and also to policy measures that are meant to curb foreign demand (e.g. such as the Additional Buyer s Stamp Duty). This page is updated on a quarterly basis every January, April, July and October. This page is available for Basic, Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 36

37 Landed Residential > Transactions Developer Project Sales (Landed) Landed (Resale & Subsale) Enbloc This section is available only to Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 37

38 3.1.1 Developer Project Sales (Landed) Category: Landed Residential > Transactions This page contains a list of landed projects launched by developers from the previous month. Details include Project Name, Street Name, Developer, Property Type, Locality, Total Number of Units in the Project, Cumulative Units Launched-to-date, Cumulative Units Sold-to-date, Cumulative Units Launched but Unsold, Units Launched in the Month, Units Sold in the Month, Median Price, Lowers Price ($psf) in the Month, Highest Price ($psf) in the Month and Total Sell-through Rate (defined as the cumulative units sold-to-date divided by the total number of units in a project). Use this page to keep track of the sales progress of new landed residential projects by developers. You can browse through the list, or sort it by any criteria you are interested in (e.g. common ones would be median price per square foot and units sold in the month) to get a feel of the primary market. If there are specific projects or developers you are interested in, you can also search for them using the search box. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 38

39 3.1.2 Landed Transactions (Resale & Subsale) Category: Landed Residential > Transactions This page contains a list of landed transactions (resale and subsale) from the current and previous month. Details include Project Name, Address (including unit number), Type of Area, Transacted Price ($), Unit Price ($ psf), Area (sqft), Contract Date, Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent landed residential transactions in the secondary market. You can browse through the transactions, or sort it by any criteria you are interested in (e.g. common ones would be transacted prices, price per square foot and planning areas) to get a feel of the market. If there are specific projects, addresses or areas/districts you are interested in, you can also search for them using the search box. This page is updated on a weekly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 39

40 3.1.3 Enbloc Category: Landed Residential > Transactions This page contains a list of enbloc transactions from the current and previous month. Details include Project Name, Address (including unit number), Type of Area, Transacted Price ($), Unit Price ($ psf), Area (sqft), Contract Date, Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent residential transactions in the enbloc market. You can browse through the transactions to get a feel of how hot (or dead) the enbloc market is. This page is updated on a weekly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 40

41 Landed Residential > Top/Bottom Most Expensive Landed (by $PSF) Most Expensive Landed (by total cost) Cheapest Landed (by $PSF) Cheapest Landed (by total cost) This section is available only to Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 41

42 Most Expensive Landed (by $PSF) Category: Landed Residential > Top/Bottom This page contains a list of the 20 most expensive landed residential transactions from the previous month rank by $ per square foot cost. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft), Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Where are the most expensive landed properties on a per square foot basis located? This list will let you know. If you re in the market for a landed property you will hopefully be able to find a neighbouring unit at a much lower price. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 42

43 Most Expensive Landed (by total cost) Category: Landed Residential > Top/Bottom This page contains a list of the 20 most expensive landed residential transactions from the previous month ranked by total cost. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft), Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. While most of us are probably not in the market for a high end landed property, it s always interesting to know what the ultra rich are buying and how much they re willing to spend. Of course, if you have a landed property in one these areas you can re-price your net worth using the latest numbers. For most of us, this list is mainly about being kaypoh (a busybody). This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 43

44 Cheapest Landed (by $PSF) Category: Landed Residential > Top/Bottom This page contains a list of the 20 cheapest landed residential transactions from the previous month rank by $ per square foot cost. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft), Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. If you re hunting for a value for money landed property, check this list to get ideas of where to hunt. Do note that often some ridiculously cheap properties turn up on this list, but the cheapness is usually due to issues with the tenure (e.g. very few years left on the lease) or because they are in very poor locations and conditions. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 44

45 Cheapest Landed (by total cost) Category: Landed Residential > Top/Bottom This page contains a list of the 20 cheapest landed residential transactions from the previous month ranked by total cost. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft), Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this list if you re on a small budget but would like to buy a landed property. Do note that often some ridiculously cheap properties turn up on this list, but the cheapness is usually due to issues with the tenure (e.g. very few years left on the lease) or because they are in very poor locations and conditions. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 45

46 Landed Residential > Analysis Landed vs Non-landed Residential PPI Detached vs Semi-D vs Terrace vs Apartment vs Condo PPI Detached vs Semi-D vs Terrace vs Apartment vs Condo Prices Rental and Vacancy rate Freehold vs Leasehold Terrace This section is available only to Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 46

47 3.3.1 Landed vs Non-landed Residential PPI Category: Landed Residential > Analysis An analysis of the trend and relative pricing of landed versus non-landed residential property. The list of graphs and commentary on this page includes: a. PPI of landed vs non-landed residential properties b. Quarter-on-Quarter change in landed vs non-landed PPI c. Premium discount of the landed vs non-landed PPI Some people claim that landed property is always a better buy than non-landed property as the supply is limited. Is this true? The statistics show that there are periods when landed outperforms non-landed, and periods where they underperform, so how true it is depends on what price you buy it as well. Study this page if you re trying to decide whether landed or non-landed residential property is a better buy. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 47

48 3.3.2 Detached vs Semi-D vs Terrace vs Apartment vs Condo PPI Category: Landed Residential > Analysis A more detailed analysis of the price indices of the different types of property. The list of graphs and commentary on this page includes: a. PPI of detached, semi-detached, terrace, condos and apartments b. PPI of detached, semi-detached, and terrace houses c. % change in landed residential PPI d. Premium/Discount of detached vs semi-detached house PPI e. Premium/Discount of detached vs terrace house PPI f. Premium/Discount of terrace vs semi-detached house PPI This page breaks down landed and non-landed properties into their specific types (e.g. detached, semi-detached and terrace houses for landed, and apartments and condos for non-landed) and compares the level and trend of their price indices. It s useful to study this page if you have a particular type of property in mind. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 48

49 3.3.3 Detached vs Semi-D vs Terrace vs Apartment vs Condo Prices Category: Landed Residential > Analysis A more detailed analysis of the price indices of the different types of property. The list of graphs and commentary on this page includes: a. Median prices ($psf) of detached, semi-detached, terrace, condos and apartments b. % change in landed residential median prices c. Premium/Discount of detached vs semi-detached house median prices d. Premium/Discount of semi-detached vs terrace house median prices e. Premium/Discount of terrace vs detached house median prices This page breaks down landed and non-landed properties into their specific types (e.g. detached, semi-detached and terrace houses for landed, and apartments and condos for non-landed) and compares the level and trend of their median prices. It s useful to study this page if you have a particular type of property in mind. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 49

50 3.3.4 Rental and Vacancy rate Category: Landed Residential > Analysis An analysis of the vacancy rates and rentals per square foot of non-landed residential property. The list of graphs and commentary on this page includes: a. Median rental of landed property b. Change in rental of landed properties c. Vacancy rate of landed vs non-landed properties Vacancy rates and rentals are inversely correlated this means that if vacancy rates go up, rentals should go down. By tracking both the trend of vacancies and rentals, you will have a better sense of how sustainable current rentals (and thus yields) are for landed properties. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 50

51 3.3.5 Freehold vs Leasehold Terrace Category: Landed Residential > Analysis An analysis of the price indices of freehold and leasehold condos. The list of graphs and commentary on this page includes: a. PPI of freehold vs leasehold terrace houses b. Change in PPI of freehold and leasehold terrace houses c. Freehold vs leasehold terrace PPI premium/discount d. Median price of freehold vs leasehold terrace houses (Spsf) e. Change in median price of freehold and leasehold terrace houses f. Freehold vs leasehold terrace houses median price premium/discount Are freehold properties better buys than leasehold ones? The short answer it depends on the relative pricing between the two. There are times when freehold properties make better buys, and times when leasehold properties (if they are cheap enough) make better buys. On this page we compare freehold and leasehold terrace houses to get a general sense of what the relative pricing between the different tenures of landed properties are. Do note however that this is just a broad nationwide analysis and for your own purchase you should ideally compare neighbouring properties for the best comparability. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 51

52 Residential Areas & Projects > Volume & Prices Landed (by Planning Area and Type of Sale) Non-landed (by Planning Area and Type of Sale) This section is available only to Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 52

53 4.1.1 Landed (by Planning Area and Type of Sale) Category: Residential Areas & Projects > Volume & prices This page contains a searchable and sortable table of landed property transactions classified by planning area and split by type of sale (new sale, resale and subsale). It includes the number of transactions and the average price ($ psf) for each type. Details include Planning Area, New Sale Average Price ($ psf), Resale Average Price ($ psf), Subsale Average Price ($ psf), New Sale # of Transactions, Resale # of Transactions, Subsale # of Transactions, Overall Average Price ($ psf) and Total # of Transactions. The table is based on an analysis of the URA caveats lodged in the previous month. This page provides a great at-a-glance view of the landed property monthly transaction volumes in the different planning areas this shows you how active the micro housing market is in each of the areas. This page is also a good way to compare the relative pricing of new sale, subsale and resale transactions on a more apples-to-apples basis (e.g. in the same general location). The pricing discrepancy can often be very significant. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 53

54 4.1.2 Non-landed (by Planning Area and Type of Sale) Category: Residential Areas & Projects > Volume & prices This page contains a searchable and sortable table of non-landed property transactions classified by planning area and split by type of sale (new sale, resale and subsale). It includes the number of transactions and the average price ($ psf) for each type. Details include Planning Area, New Sale Average Price ($ psf), Resale Average Price ($ psf), Subsale Average Price ($ psf), New Sale # of Transactions, Resale # of Transactions, Subsale # of Transactions, Overall Average Price ($ psf) and Total # of Transactions. The table is based on an analysis of the URA caveats lodged in the previous month. This page provides a great at-a-glance view of the non-landed property monthly transaction volumes in the different planning areas this shows you how active the micro housing market is in each of the areas. This page is also a good way to compare the relative pricing of new sale, subsale and resale transactions on a more apples-to-apples basis (e.g. in the same general location). The pricing discrepancy can often be very significant. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 54

55 Residential Areas & Projects > Top/Bottom Most Expensive Non-Landed Projects (by $PSF) Cheapest Non-Landed Projects (by $PSF) Prices of Non-Landed Resi Projects (by Planning Area) Top 20 Residential Projects by % Price Change Bottom 20 Residential Projects by % Price Change Non-Landed Residential Projects Rentals, Prices and Yields Top 20 Non-Landed Residential Projects by Rental Yield Cheapest Non-Landed Resi Units (by $PSF and total price) Most Expensive Non-Landed Resi Units (by $PSF and total price) This section is available only to Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 55

56 Most Expensive Non-Landed Projects (by $PSF) Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Top 20 most expensive non-landed residential projects transacted (including new sales, resale and subsales) from the previous month ranked by price per square foot. Details include Planning Area, Project Name, Average Price ($ psf) and Number of Transactions. The data is based on the URA data of caveats lodged. Where are the most expensive non-landed projects on a per square foot basis located? This list will let you know. These projects set the benchmark in their areas and tend to be in the Districts 1 and 9. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 56

57 Cheapest Non-Landed Projects (by $PSF) Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Top 20 cheapest non-landed residential projects transacted (including new sales, resale and subsales) from the previous month ranked by price per square foot. Details include Planning Area, Project Name, Average Price ($ psf) and Number of Transactions. The data is based on the URA data of caveats lodged. Looking for bargains? This page will show you the cheapest 20 non-landed projects that were transacted in the previous month (based on average price) and the number of transactions as well. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 57

58 4.2.3 Prices of Non-Landed Resi Projects (by Planning Area) Category: Residential Areas & Projects > Top/Bottom This page contains a searchable and sortable table of non-landed property transactions classified by planning area and project. Details include Planning Area, Average Price ($ psf) and Number of Transactions. The data is based on the URA data of caveats lodged. This page is a member favourite, as it can be used to find attractively priced non-landed residential projects in a particular planning area. For example, if you are interested in projects in the Bishan area just type Bishan in the search box and you can then sort by price to find bargains based on the recently transacted data. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 58

59 4.2.4 Top 20 Residential Projects by % Price Change Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Top 20 residential projects ranked by % price change from the previous month (only projects with at least 5 transactions in each month are included in this analysis). Details include Project Name, the Previous Month s Median Price ($ psf), the Previous Month s Number of Transactions, the Current Month s Median Price ($ psf), the Current Month s Number of Transactions, and the % Price Change. The data is based on the URA data of caveats lodged. Use this page to find projects where prices are trending up strongly on a month-on-month basis. You can use this information profitably by either finding units in the same project that are still underpriced (i.e. have not reflected the pricing momentum), or to find neighbouring projects that are laggards in the expectation that they will play some sort of catch up. While we ve tried to exclude idiosyncratic factors from causing extreme price changes (e.g. an unusual unit in a project) by setting a minimum of 5 transactions in each month to do the calculation, please do your homework to ensure there are no special reasons for the price changes. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 59

60 4.2.5 Bottom 20 Residential Projects by % Price Change Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Bottom 20 residential projects ranked by % price change from the previous month (only projects with at least 5 transactions in each month are included in this analysis). Details include Project Name, the Previous Month s Median Price ($ psf), the Previous Month s Number of Transactions, the Current Month s Median Price ($ psf), the Current Month s Number of Transactions, and the % Price Change. The data is based on the URA data of caveats lodged. Use this page to find projects where prices are trending down strongly on a month-on-month basis. You can use this information profitably by trying to bottom fish projects where prices are very weak. While we ve tried to exclude idiosyncratic factors from causing extreme price changes (e.g. an unusual unit in a project) by setting a minimum of 5 transactions in each month to do the calculation, please do your homework to ensure there are no special reasons for the price changes. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 60

61 4.2.6 Non-Landed Residential Projects Rentals, Prices and Yields Category: Residential Areas & Projects > Top/Bottom This page contains a searchable and sortable table of non-landed residential projects with rentals, price and yield information. Details include Name of Project, Postal District, Number of Rental Contracts, 25 th percentile rental ($ psf), Median rental ($ psf), 75 th percentile renta, Number of sale contracts, Median price ($ psf) and Median yield (calculated as median rental divided by median price). Note that only projects with both rental and sale transactions in the quarter are included. Use this page to estimate the rental yield (based on the most recent quarter s rental and sale transactions) of any project you are interested in. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 61

62 4.2.7 Top 20 Non-Landed Residential Projects by Rental Yield Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Top 20 non-landed residential projects ranked by rental yield in the previous quarter (only projects with both rental and sale transactions are included). Details include Name of Project, Postal District, Number of Rental Contracts, 25 th percentile rental ($ psf), Median rental ($ psf), 75 th percentile rental, Number of sale contracts, Median price ($ psf) and Median yield (calculated as median rental divided by median price). Another member favourite, use this page to home in on projects with high rental yields. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 62

63 Cheapest Non-Landed Residential Units (by $PSF and total price) Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Top 20 cheapest non-landed residential units transacted in the previous month ranked by price per square foot and total price. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft), Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to find the cheapest non-landed residential units either on a per square foot basis or on a total cost basis. The former tends to be large Executive Condominiums while the latter are mostly shoebox units. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 63

64 Most Expensive Non-Landed Residential Units (by $PSF and total price) Category: Residential Areas & Projects > Top/Bottom This page contains a list of the Top 20 most expensive non-landed residential units transacted in the previous month ranked by price per square foot and total price. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft), Property Type, Tenure, Completion Date, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to find the most expensive non-landed residential units either on a per square foot basis or on a total cost basis. Want to know where the most expensive apartments and condominiums in Singapore are? You ll find the answer here. This page is updated on a monthly basis. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 64

65 Residential Areas & Projects > Regional Analysis Price and PPI in CCR, RCR & OCR Rental and Yield in CCR, RCR & OCR Condos - Regional Analysis of Indices and Prices Apartments - Regional Analysis of Indices and Prices Detached - Regional Analysis of Indices and Prices Semi-Detached - Regional Analysis of Indices and Prices Terrace - Regional Analysis of Indices and Prices This section is available only to Premium and Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 65

66 4.3.1 Price and PPI in CCR, RCR & OCR Category: Residential Areas & Projects > Regional Analysis The list of graphs and commentary on this page includes: a. PPI of non-landed residential in CCR vs RCR vs OCR b. Change in PPI of non-landed residential in CCR vs RCR vs OCR c. Median price of non-landed residential in CCR vs RCR vs OCR d. Change in median price of non-landed residential in CCR vs RCR vs OCR e. CCR median price premium to RCR f. CCR median price to OCR g. RCR median price premium to OCR Use this page to analyze the levels, trend and relative pricing of the non-landed residential property price indices in the 3 different regions in Singapore the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR). It s also a proxy for the performance of prime luxury properties (CCR), mid-to-high end properties on the periphery of the central areas (RCR), and mass market properties (OCR). Some seasoned property investors have a saying that you should move into the central areas during a bear market, and move out to the periphery during bear markets This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 66

67 4.3.2 Rental and Yield in CCR, RCR & OCR Category: Residential Areas & Projects > Regional Analysis The list of graphs and commentary of this page includes: a. Median rental of non-landed residential in CCR vs RCR vs OCR ($ psf) b. Change in median rental of non-landed residential in CCR vs RCR vs OCR ($ psf) c. CCR vs RCR vs OCR yields Use this page to analyze the level and trend of non-landed residential property rentals and yields in the 3 different regions in Singapore the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR). If you re interested in high rental yields, this page will give you a clue as to the broad region you should be looking at. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 67

68 4.3.3 Condos - Regional Analysis of Indices and Prices Category: Residential Areas & Projects > Regional Analysis An analysis of the condo Property Price Indices (PPI) and median prices in the different regions. The list of graphs and commentary of this page includes: a. Condos regional PPI b. Condos regional PPI premium/discount c. Condos regional median prices ($ psf) d. Condos regional median prices premium/discount If you re interested in condos, and want to know the level and relative premiums/discounts of the price indices and median prices in the different regions, this is the page for you. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 68

69 4.3.4 Apartments - Regional Analysis of Indices and Prices Category: Residential Areas & Projects > Regional Analysis An analysis of the apartment Property Price Indices (PPI) and median prices in the different regions. The list of graphs and commentary of this page includes: a. Apartments regional PPI b. Apartments regional PPI premium/discount c. Apartments regional median prices ($ psf) d. Apartments regional median prices premium/discount If you re interested in apartments, and want to know the level and relative premiums/discounts of the price indices and median prices in the different regions, this is the page for you. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 69

70 4.3.5 Detached - Regional Analysis of Indices and Prices Category: Residential Areas & Projects > Regional Analysis An analysis of the detached house Property Price Indices (PPI) and median prices in the different regions. The list of graphs and commentary of this page includes: a. Detached houses regional PPI b. Detached houses regional PPI premium/discount c. Detached houses regional median prices ($ psf) d. Detached houses regional median prices premium/discount If you re interested in detached houses, and want to know the level and relative premiums/discounts of the price indices and median prices in the different regions, this is the page for you. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 70

71 4.3.6 Semi-Detached - Regional Analysis of Indices and Prices Category: Residential Areas & Projects > Regional Analysis An analysis of the semi-detached house Property Price Indices (PPI) and median prices in the different regions. The list of graphs and commentary of this page includes: a. Semi-detached houses regional PPI b. Semi-detached houses regional PPI premium/discount c. Semi-detached houses regional median prices ($ psf) d. Semi-detached houses regional median prices premium/discount If you re interested in semi-detached houses, and want to know the level and relative premiums/discounts of the price indices and median prices in the different regions, this is the page for you. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 71

72 4.3.7 Terrace - Regional Analysis of Indices and Prices Category: Residential Areas & Projects > Regional Analysis An analysis of the terrace house Property Price Indices (PPI) and median prices in the different regions. The list of graphs and commentary of this page includes: a. Terrace houses regional PPI b. Terrace houses regional PPI premium/discount c. Terrace houses regional median prices ($ psf) d. Terrace houses regional median prices premium/discount If you re interested in terrace houses, and want to know the level and relative premiums/discounts of the price indices and median prices in the different regions, this is the page for you. This page is updated on a quarterly basis every January, April, July and October. This page is available only for Premium and Pro members. Copyright PropertyMarketInsights.com Back to Contents page 72

73 Commercial & Industrial > Transactions Shop (New, Resale, Subsale) Office (New, Resale, Subsale) Shophouse (New, Resale, Subsale) Industrial (New, Resale, Subsale) This section is available only to Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 73

74 5.1.1 Shop (New, Resale, Subsale) Category: Commercial & Industrial > Transactions This page contains a searchable and sortable list of shop transactions (new, resale and subsale) from the current and previous month. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft) Contract Date, Property Type, Tenure, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent shop transactions in both the primary and secondary market. You can browse through the transactions, or sort it by any criteria you are interested in (e.g. common ones would be transacted prices, price per square foot and planning areas) to get a feel of the market. If there are specific projects, addresses or areas you are interested in, you can also search for them using the search box. This page is updated on a weekly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 74

75 5.1.2 Office (New, Resale, Subsale) Category: Commercial & Industrial > Transactions This page contains a searchable and sortable list of office transactions (new, resale and subsale) from the current and previous month. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft) Contract Date, Property Type, Tenure, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent office transactions in both the primary and secondary market. You can browse through the transactions, or sort it by any criteria you are interested in (e.g. common ones would be transacted prices, price per square foot and planning areas) to get a feel of the market. If there are specific projects, addresses or areas you are interested in, you can also search for them using the search box. This page is updated on a weekly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 75

76 5.1.3 Shophouse (New, Resale, Subsale) Category: Commercial & Industrial > Transactions This page contains a searchable and sortable list of shophouse transactions (new, resale and subsale) from the current and previous month. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft) Contract Date, Property Type, Tenure, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent shophouse transactions in both the primary and secondary market. You can browse through the transactions, or sort it by any criteria you are interested in (e.g. common ones would be transacted prices, price per square foot and planning areas) to get a feel of the market. If there are specific projects, addresses or areas you are interested in, you can also search for them using the search box. This page is updated on a weekly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 76

77 5.1.4 Industrial (New, Resale, Subsale) Category: Commercial & Industrial > Transactions This page contains a searchable and sortable list of industrial transactions (new, resale and subsale) from the current and previous month. Details include Project Name, Address (including unit number), Transacted Price ($), Unit Price ($ psf), Area (sqft) Contract Date, Property Type, Tenure, Type of Sale, Postal District and Planning Area. The data is based on the URA data of caveats lodged. Use this page to keep track of recent industrial transactions in both the primary and secondary market. You can browse through the transactions, or sort it by any criteria you are interested in (e.g. common ones would be transacted prices, price per square foot and planning areas) to get a feel of the market. If there are specific projects, addresses or areas you are interested in, you can also search for them using the search box. This page is updated on a weekly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 77

78 Commercial & Industrial > Analysis Resi/Office/Shop/Industrial Price Indices This section is available only to Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 78

79 5.2.1 Resi/Office/Shop/Industrial Price Indices Category: Commercial & Industrial > Analysis Analysis of the price indices of the different property types. The list of graphs and commentary on this page includes: a. PPI of residential vs shop vs office vs industrial property b. Change in PPI of residential vs shop vs office vs industrial property Trying to decide whether to invest in residential or non-residential property? Check this page out to learn about both the levels and trends of the different property types. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 79

80 Commercial & Industrial > Office PPI and Rental Index in Central & Fringe Areas Median Price and Rental in Central & Fringe Areas Rentals and Vacancy of Category 1 & 2 Offices Office Rentals and Prices (by Planning Area) New supply of office in the pipeline This section is available only to Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 80

81 5.3.1 PPI and Rental Index in Central & Fringe Areas Category: Commercial & Industrial > Office An analysis of office property price and rental indices in the Central and Fringe Areas. The list of graphs and commentary on this page includes: a. PPI of office space in Central vs Fringe Area b. Change in PPI of office space in Central vs Fringe Area c. Premium/Discount of PPI of office space in Central vs Fringe Area d. Rental index of office space in Central vs Fringe Area e. Change in rental index of office space in Central vs Fringe Area f. Premium/Discount of rental index of office space in Central vs Fringe Area g. PPI vs rental index of Central Area h. PPI vs rental index of Fringe Area Use this page to compare the level, trends and relative pricing of both the office property price and rental indices in the Central and Fringe Areas. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 81

82 5.3.2 Median Price and Rental in Central & Fringe Areas Category: Commercial & Industrial > Office An analysis of shop median price and rentals in the Central and Fringe Areas. The list of graphs and commentary on this page includes: a. Median price of office space in Central vs Fringe Area ($ psf) b. Change in median price of office space in Central vs Fringe Area c. Premium/Discount of median price of office space in Central vs Fringe Area d. Median rental of office space in Central vs Fringe Area e. Change in median rental of office space in Central vs Fringe Area f. Premium/Discount of median rental of office space in Central vs Fringe Area Use this page to compare the level, trends and relative pricing of both the office median price and rentals in the Central and Fringe Areas. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 82

83 5.3.3 Rentals and Vacancy of Category 1 & 2 Offices Category: Commercial & Industrial > Office An analysis of the rentals and vacancies of category 1 and 2 office buildings. The list of graphs and commentary on this page includes: a. Vacancy rate of office space b. Change in vacancy rate of category 1 and 2 office c. Median rentals of office space d. Change in median rentals of category 1 and 2 office For office building and (more likely) office REIT investors, track the level and trends of vacancy rates and median rentals in category 1 and 2 office buildings. These rentals also set a benchmark for other less prime office locations to price off. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 83

84 5.3.4 Office Rentals and Prices (by Planning Area) Category: Commercial & Industrial > Office This page contains a searchable and sortable table of office rentals and prices classified by planning area. Details include Planning Area, Minimum Rent ($ psf per month), 25 th Percentile Rent ($ psf per month), Median Rent ($ psf per month), 75 th Percentile Rent ($ psf pm), Maximum Rent ($ psf per month), Number of Rental Transactions, Median Price ($ psf) and Number of Sale Transactions. Use this page to gauge the median and range of office rentals in the different planning areas. Also included are the number of sale and rental transactions, and the median price of the sale transactions. This page is updated on a monthly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 84

85 5.3.5 New supply of office in the pipeline Category: Commercial & Industrial > Office This page examines the pipeline of supply coming in the next five years and beyond. The list of graphs and commentary on this page includes: a. Private office supply pipeline as of the previous quarter (thousands of square meters) The meeting of demand and supply is what determines the market pricing and volumes. A large amount of upcoming supply relative to the historical demand will indicate potential downward pressure on prices. While the upcoming pipeline of supply is relatively clear (as developers with projects under construction are committed and are unlikely to stop construction even in a weak market), demand is harder to predict. Do note that supply can also change as the planned supply (the bars in red) is not fixed and developers can adjust their plans based on market conditions. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 85

86 Commercial & Industrial > Shop PPI and Rental Index in Central & Fringe Areas Median Price and Rental in Central & Fringe Areas Rentals and Vacancy in Orchard and other areas Shop Rentals and Prices (by Planning Area) Shophouse Rentals and Prices (by Planning Area) New supply of shop space in the pipeline This section is available only to Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 86

87 5.4.1 PPI and Rental Index in Central & Fringe Areas Category: Commercial & Industrial > Shop An analysis of shop property price and rental indices in the Central and Fringe Areas. The list of graphs and commentary on this page includes: a. PPI of shop space in Central vs Fringe Area b. Change in PPI of shop space in Central vs Fringe Area c. Premium/Discount of PPI of shop space in Central vs Fringe Area d. Rental index of shop space in Central vs Fringe Area e. Change in rental index of shop space in Central vs Fringe Area f. Premium/Discount of rental index of shop space in Central vs Fringe Area Use this page to compare the level, trends and relative pricing of both the shop property price and rental indices in the Central and Fringe Areas. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 87

88 5.4.2 Median Price and Rental in Central & Fringe Areas Category: Commercial & Industrial > Shop An analysis of shop median price and rentals in the Central and Fringe Areas. The list of graphs and commentary on this page includes: a. Median price of shop space in Central vs Fringe Area ($ psf) b. Change in median price of shop space in Central vs Fringe Area c. Premium/Discount of median price of shop space in Central vs Fringe Area d. Median rental of shop space in Central vs Fringe Area e. Change in median rental of shop space in Central vs Fringe Area f. Premium/Discount of median rental of shop space in Central vs Fringe Area Use this page to compare the level, trends and relative pricing of both the shop median price and rentals in the Central and Fringe Areas. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 88

89 5.4.3 Rentals and Vacancy in Orchard and other areas Category: Commercial & Industrial > Shop An analysis of the rentals and vacancies in Orchard and other areas. The list of graphs and commentary on this page includes: a. Vacancy rate of shop space b. Change in vacancy rate of shop space c. Median rentals of shop space d. Change in median rentals of shop space For shopping mall and (more likely) retail REIT investors, track the level and trends of vacancy rates and median rentals in Orchard and other areas. These rentals also set a benchmark for other less prime shop spaces to price off. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 89

90 5.4.4 Shop Rentals and Prices (by Planning Area) Category: Commercial & Industrial > Shop This page contains a searchable and sortable table of shop rentals and prices classified by planning area. Details include Planning Area, Minimum Rent ($ psf per month), 25 th Percentile Rent ($ psf per month), Median Rent ($ psf per month), 75 th Percentile Rent ($ psf pm), Maximum Rent ($ psf per month), Number of Rental Transactions, Median Price ($ psf) and Number of Sale Transactions. Use this page to gauge the median and range of shop rentals in the different planning areas. Also included are the number of sale and rental transactions, and the median price of the sale transactions. This page is updated on a monthly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 90

91 5.4.5 Shophouse Rentals and Prices (by Planning Area) Category: Commercial & Industrial > Shop This page contains a searchable and sortable table of shophouse rentals and prices classified by planning area. Details include Planning Area, Minimum Rent ($ psf per month), 25 th Percentile Rent ($ psf per month), Median Rent ($ psf per month), 75 th Percentile Rent ($ psf pm), Maximum Rent ($ psf per month), Number of Rental Transactions, Median Price ($ psf) and Number of Sale Transactions. Use this page to gauge the median and range of shophouse rentals in the different planning areas. Also included are the number of sale and rental transactions, and the median price of the sale transactions. This page is updated on a monthly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 91

92 5.4.6 New supply of shop space in the pipeline Category: Commercial & Industrial > Shop This page examines the pipeline of supply coming in the next five years and beyond. The list of graphs and commentary on this page includes: a. Private shop space supply pipeline as of the previous quarter (thousands of square meters) The meeting of demand and supply is what determines the market pricing and volumes. A large amount of upcoming supply relative to the historical demand will indicate potential downward pressure on prices. While the upcoming pipeline of supply is relatively clear (as developers with projects under construction are committed and are unlikely to stop construction even in a weak market), demand is harder to predict. Do note that supply can also change as the planned supply (the bars in red) is not fixed and developers can adjust their plans based on market conditions. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 92

93 Commercial & Industrial > Industrial Price and Rental Index for Factory and Warehouse Price and Rentals of Factory and Warehouse Rentals and Vacancy of Factory and Warehouse Factory Rentals and Prices (by Planning Area) Warehouse Rentals and Prices (by Planning Area) New supply of factory space in the pipeline New supply of warehouse space in the pipeline This section is available only to Pro members of PropertyMarketInsights.com. Copyright PropertyMarketInsights.com Back to Contents page 93

94 5.5.1 Price and Rental Index for Factory and Warehouse Category: Commercial & Industrial > Industrial An analysis of factory and warehouse property price and rental indices. The list of graphs and commentary on this page includes: a. Industrial property PPI b. Change in industrial property PPI c. Industrial property rental indices d. Change in industrial property rental indices Use this page to compare the level, trends and relative pricing of both factory and warehouse property price and rental indices. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 94

95 5.5.2 Price and Rentals of Factory and Warehouse Category: Commercial & Industrial > Industrial An analysis of factory and warehouse median price and rentals. The list of graphs and commentary on this page includes: a. Median price of factory and warehouse ($ psf) b. Change in median price of factory and warehouse c. Median rental of factory and warehouse ($ psf) d. Change in median rental of factory and warehouse Use this page to compare the level, trends and relative pricing of both factory and warehouse median prices and rentals. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 95

96 5.5.3 Rentals and Vacancy of Factory and Warehouse Category: Commercial & Industrial > Industrial An analysis of the rentals and vacancies for factory and warehouse space. The list of graphs and commentary on this page includes: a. Vacancy rates of factory and warehouse b. Change in vacancy rates of factory and warehouse c. Median rentals of factory and warehouse d. Change in median rentals of factory and warehouse Industrial property investors will want to keep an eye on this page to track the level and trend of vacancy rates and median rentals, which can significantly impact the effective yield. Property agents will tell you an expected rental yield based on full-year occupancy (e.g. assuming that your property is rented out for the entire year), but not tell you that the vacancy rates for nonresidential space are significantly higher. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 96

97 5.5.4 Factory Rentals and Prices (by Planning Area) Category: Commercial & Industrial > Industrial This page contains a searchable and sortable table of factory rentals and prices classified by planning area. Details include Planning Area, Minimum Rent ($ psf per month), 25 th Percentile Rent ($ psf per month), Median Rent ($ psf per month), 75 th Percentile Rent ($ psf pm), Maximum Rent ($ psf per month), Number of Rental Transactions, Median Price ($ psf) and Number of Sale Transactions. Use this page to gauge the median and range of factory rentals in the different planning areas. Also included are the number of sale and rental transactions, and the median price of the sale transactions. This page is updated on a monthly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 97

98 5.5.5 Warehouse Rentals and Prices (by Planning Area) Category: Commercial & Industrial > Industrial This page contains a searchable and sortable table of warehouse rentals and prices classified by planning area. Details include Planning Area, Minimum Rent ($ psf per month), 25 th Percentile Rent ($ psf per month), Median Rent ($ psf per month), 75 th Percentile Rent ($ psf pm), Maximum Rent ($ psf per month), Number of Rental Transactions, Median Price ($ psf) and Number of Sale Transactions. Use this page to gauge the median and range of warehouse rentals in the different planning areas. Also included are the number of sale and rental transactions, and the median price of the sale transactions. This page is updated on a monthly basis. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 98

99 5.5.6 New supply of factory space in the pipeline Category: Commercial & Industrial > Industrial This page examines the pipeline of supply coming in the next five years and beyond. The list of graphs and commentary on this page includes: a. Private factory space supply pipeline as of the previous quarter (thousands of square meters) The meeting of demand and supply is what determines the market pricing and volumes. A large amount of upcoming supply relative to the historical demand will indicate potential downward pressure on prices. While the upcoming pipeline of supply is relatively clear (as developers with projects under construction are committed and are unlikely to stop construction even in a weak market), demand is harder to predict. Do note that supply can also change as the planned supply (the bars in red) is not fixed and developers can adjust their plans based on market conditions. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 99

100 5.5.7 New supply of warehouse space in the pipeline Category: Commercial & Industrial > Industrial This page examines the pipeline of supply coming in the next five years and beyond. The list of graphs and commentary on this page includes: a. Private warehouse space supply pipeline as of the previous quarter (thousands of square meters) The meeting of demand and supply is what determines the market pricing and volumes. A large amount of upcoming supply relative to the historical demand will indicate potential downward pressure on prices. While the upcoming pipeline of supply is relatively clear (as developers with projects under construction are committed and are unlikely to stop construction even in a weak market), demand is harder to predict. Do note that supply can also change as the planned supply (the bars in red) is not fixed and developers can adjust their plans based on market conditions. This page is updated on a quarterly basis every January, April, July and October. This page is available for Pro members only. Copyright PropertyMarketInsights.com Back to Contents page 100