Residential Sales. Savills Research
|
|
- Mervin Simmons
- 5 years ago
- Views:
Transcription
1 November 22, 2010 "The latest slew of property measures slowed market activity while price increases moderated across all segments signalling the start of a price consolidation phase." Image: The Marina Bay Singapore s economy is on track to achieve the overall growth forecast of 13 to 15 per cent for the whole of Primary sales surged 82 per cent month on month in July; despite the traditionally inauspicious Hungry Ghost Festival falling in August, demand remained fi rm. The number of collective sales also improved signifi cantly with more than S$800 million of sales recorded year to date. On the 30 August 2010, the government announced its third slew of property measures to curb speculative activities and maintain a more stable property market. Two projects sold well although the island-wide primary sales volume dipped 28 per cent month on month in September after the announcement of the new measures. Price increases across all sectors moderated after the announcement of the new measures. The number of expected completions for 2011 was revised upwards as several projects were completed ahead of time. Demand for homes is expected to stabilise in the coming months as overall private home prices continue to trend sideways. Savills Research MICA(P) No. 218 / 02 / 2009 Company Reg No D
2 Market Overview Based on the third quarter advance estimates from The Ministry of Trade and Industry (MTI), Singapore s economy is on track to achieve the overall growth forecast of 13 to 15 per cent for The manufacturing and construction sectors continued to bolster the nation s growth, albeit at a slower pace in the third quarter compared to the exceptional growth in the fi rst two quarters. In the first two months of the reviewed quarter, sentiment in the property sector remained buoyant as buyers continued to fl ock to the market and developers placed aggressive bids for land tenders. Primary sales rebounded strongly by 82 per cent month on month from 847 units in June to 1,544 units in July. Demand remained fi rm in the second month of the quarter with 1,248 new sales despite the fact that the traditionally inauspicious Hungry Ghost Festival fell in August this year. Total Number of Transactions and Purchases by Foreigners, 2000 Q3/ ,000 40,000 35,000 Q4 Q3 Q2 Q1 (LHS) % of Foreigner Purchases (RHS) No. of Transactions 5,656 30,000 10,306 7,102 20% 25,000 7,932 15% 20,000 8,557 12,613 3,248 15,000 14,702 5,022 10,238 10% 4,165 5,751 1,890 2,697 10,000 2,464 3,589 3,619 2,406 3,461 5,173 4,556 5,800 9,420 4,146 3,876 2,952 5% 5,000 3,191 2,871 6,809 2,973 4,097 4,030 8,529 9,125 2,701 3,218 2,171 1,418 2,493 2,619 4,322 3,437 3, % Source: URA, Savills Research & Consultancy Some major new launches achieved impressive sales in the fi rst two months of the reviewed quarter. The Scala, a mass market project situated beside the Lorong Chuan MRT station, sold 90 per cent of its 468 units within the fi rst week of launch. The average unit price was S$1,173 per sqft, setting a new benchmark for the area. Another project that attracted buyers was the 157-unit 368 Thomson developed by City Developments Limited. The mid-tier project, located at district 11, was fully sold within a month at an average price of S$1,350 per sqft. Other projects that were as well received include Viva Vista (144 units) at Pasir Panjang Hill, The Greenwich (319 units) at Seletar and Terrene at Bukit Timah (172 units) at Toh Tuck Drive. 30% 25% The number of collective sales also improved significantly with more than S$800 million of sales recorded this year to date. More than 10 deals were sealed in the reviewed quarter compared with only one in the whole of The largest collective sale to date was Meng Garden at Lloyd for S$137 million (S$1,380 per sqft per plot ratio), while most of the other deals were small, each less than S$100 million. Major New Launches, Q3/2010 Project Name NV Residences Vacanza@ East Developer Location Category Total Units Hong Realty Pte Hoi Hup Sunway Property Pasir Ris Grove Lengkong Tujoh / Jalan Senang The Scala Circle Line Serangoon Avenue 3 The Greenwich Terrene at Bukit Timah Far East Square Premier Land Development 368 Thomson City Developments Viva Vista Hume Homes Yio Chu Kang / Seletar OCR 642 OCR 473 OCR 468 OCR 319 Toh Tuck Drive RCR 172 Thomson South Buona Vista / Pasir Panjang Hill Loft@Nathan Oxley JV River Valley Haig 162 Tomlinson Heights Dorsett Residences Centra Suites Mequity Two Pte Yarra Investments Tang Suites Pte Pinnacle Realty CCR 157 RCR 144 CCR 121 Haig RCR 99 Tomlinson New Bridge Lorong 25A Geylang Jupiter 18 RH Changi Lorong 102 Changi Centra Studios Pinnacle Realty Source: URA, Savills Research & Consultancy Lorong 25 Geyland CCR 70 RCR 68 RCR 62 RCR 53 RCR 51 Over 200 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. I 02
3 On 30 August 2010, the government announced its third slew of property measures to cool the overheated property market. These were aimed at curbing speculative activities and maintaining a more stable and sustainable property market through greater fi nancial prudence; especially the public housing sector where resale prices have surged repeatedly. The new measures are summarised as follows: New Property Measures with effect from 30 August 2010 Private Residential Market 1) Reduction of the housing loanto-value from 80 per cent to 70 per cent for buyers with one outstanding housing loan or more and increase of the minimum cash deposit from 5 per cent to 10 per cent. 2) Concurrent ownership of both HDB flats and private residential properties (including land and overseas) within the five-year Minimum Occupation Period (MOP) is no longer permitted. 3) Increase of seller s stamp duty (SSD) from one year to three years. 4) Introduction of mandatory disposal of properties in Singapore within two years if landed homeowners give up their Singapore permanent residency or citizenship. 5) Application for PR through investment in residential properties is no longer permitted. Public Housing Market 1) Households earning between S$8,000 and S$10,000 can no longer buy new Design, Build and Sell Scheme (DBSS) flats with a S$30,000 CPF Housing Grant. 2) Increase in the supply of new fl ats, DBSS and executive condominiums (ECs) from 16,000 units in 2010 to 22,000 units in Completion time for build-to-order (BTO) fl ats to be reduced. 3) Buyers of non-subsidised fl ats will no longer be allowed to own a private property for fi ve years and the MOP of non-subsidised fl ats for resale and subletting will be increased from three to fi ve years. 4)Introduction of a seven day cooling-off period for any owners who intend to sell their HDB fl ats. Possible Impact 1) HDB upgraders may take a longer time to upgrade to a private property, which in turn would reduce demand for mass market homes. Limited effect on high-end properties as only some buyers of these properties take loans of more than 70 per cent. 2) PRs and affected buyers may switch to buy small-format, older private resale or mass market homes as an alternative to HDB resale fl ats. 3) Number of speculators will fall, but unlikely to affect long-term investors. 4) Limited impact as the number of such owners is likely to be small. 5) Limited impact as it affects few people. Possible Impact Source: URA, HDB, Savills Research & Consultancy HDB resale price hike could be reined in and the public housing supply crunch could see respite in the coming months. Reduced demand from buyers who are not in urgent need of housing. The unexpected timing and swiftness of the cooling measures caught the market off guard. Demand was originally expected to surge after the Hungry Ghost Festival and many launches from land parcels bought from the Government Land Sales (GLS) programme in the past year were reportedly lined up to be released in the coming months. As the cooling measures kicked in, some developers were said to have delayed their project launches while buyers adopted a wait-and-see approach. Nevertheless, two projects went ahead with their sales launches and surprisingly received good responses. Dorsett Residences, a 99-year project located above the Outram MRT Station, was sold out in one day at an average price of S$1,800 per sqft, due mainly to its excellent location and small-format units at affordable prices. The other project that did well was the 642-unit NV Residences in Pasir Ris where over 90 per cent of 380 launched units were sold during the preview week. The market, on the whole, entered a stale-mate phase as buyers held off purchases in anticipation of price falls while fi nancially strong sellers maintained their asking prices. Many show fl ats were notably quieter as were land tenders, which saw dismal numbers of bids as developers became more wary. Unsurprisingly, private home sales in September dipped 28 per cent month on month and 20 per cent year on year to 911 units as a result of the new measures. However, we do not expect the stand-off situation to last as well-located projects and smaller-sized homes with more affordable price tags will continue to draw interest. The mass market segment is expected to remain relatively resilient as speculative activities are ebbing and interest rates are likely to stay low. More PRs may also enter the mass market segment as some no longer qualify to buy HDB resale fl ats. Prices According to the URA, the island-wide price index of private residential property surged further by 2.9 per cent quarter on quarter in Q3/2010 after a 5.3 per cent increase in the previous quarter. The slow down in price increase refl ects a consolidation in the property market brought on by the slew of cooling-off measures. By region, prices of non-landed private residential property increased 1.6 per cent in the Core Central Region (CCR), 2.3 per cent in Rest of Central Region (RCR) and 2.2 per cent in Outside Central Region (OCR) in Q3/2010. Generally, the increase across all segments has moderated after the measures. Over 200 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. I 03
4 According to Savills data, the average price of nonlanded high-end private homes increased marginally by 0.8 per cent quarter-on-quarter to S$2,179 per sqft in Q3/2010, the smallest rise since The average super luxury residential price dipped marginally by 0.5 per cent quarter-on-quarter to S$3,039 per sqft in Q3/2010, signalling the beginning of price stabilisation. Average Prices of High-End and Super Luxury Non- Landed Residential, 2000 Q3/2010 4,000 3,500 3,000 2,500 2,000 1,500 1, Q High-end Residential Source: Savills Research & Consultancy Super Luxury Q3 10 Future Supply There were a total of 72,987 private residential units in the pipeline as at Q3/2010. Of these, 39,937 units are under construction, while 33,050 are in the planning stage. Compared with the Q2/2010 forecast, the completions in 2011 have been marginally revised from 6,451 units to 6,766 units as some projects will be completing ahead of time. The forecasts beyond 2014 have been revised upwards from 11,796 units to 14,859 units. This quarter also saw an addition of 680 executive condominiums under construction with another 3,419 units in the planning stage. The surge in the pipeline supply could be attributed to the ramp up of the 2010 GLS programme. Outlook With the curtailing of HDB upgraders participation in the private residential market and speculators taking a back seat after the cooling-off measures, the sales volume is expected to stabilise in the coming months. However, as a number of major projects are set to be launched in Q4/2010, new sales (including executive condominiums) in the last quarter could remain fi rm, ranging between 1,500 and 2,500 units, mirroring or even surpassing the demand seen in Q4/2009. This year could well end with a total sales volume of between 13,500 and 14,500 units. For further information, please contact: singapore Christopher J Marriott CEO, South East Asia cjmarriott@savills.com.sg residential sales, singapore Phylicia Ang pang@savills.com.sg international marketing, singapore Julian Sedgwick Senior Associate Director jsedgwick@savills.com.sg residential leasing, singapore Patrick Lai Director plai@savills.com.sg prestige homes, singapore Steven Ming sming@savills.com.sg research & consultancy, singapore Jessie Yeo jyeo@savills.com.sg research & consultancy, asia pacific Simon Smith Senior Director ssmith@savills.com.hk address Savills (Singapore) Pte Limited 2 Shenton Way #17-01 SGX Centre 1 Singapore T: F: corporate website This document is prepared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change and these particulars do not constitute, nor constitute part of, an offer or contract; interested parties should not rely on the statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy. No person in the employment of the agent or the agent's principal has any authority to make any representations or warranties whatsoever in relation to these particulars and Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. This publication may not be reproduced in any form or in any manner, in part or as a whole without written permission of the publisher, Savills. Savills (Hong Kong) Limited
5 ASIA PACIFIC HEADQUARTERS 23/F Two Exchange Square, Central, Hong Kong Tel: (852) Fax: (852) Robert McKellar - CEO, Asia Pacifi c Raymond Lee - CEO, Hong Kong and Macau Randall Hall - CEO, China and Taiwan Chris Marriott - CEO, South East Asia Charles Chan - MD, Valuation & Professional Services, Greater China HONG KONG SAR Savills (Hong Kong) Limited 23/F Two Exchange Square, Central, Hong Kong Tel: (852) Fax: (852) Contact: Raymond Lee rlee@savills.com.hk EA Co. Licence: C Savills Valuation and Professional Services Limited 28/F Two Exchange Square, Central, Hong Kong Tel: (852) Fax: (852) Contact: Charles Chan ccchan@savills.com.hk EA Co. Licence: C Savills Property Management Holdings Limited 8/F Cityplaza One, 1111 King s, Taikoo Shing, Hong Kong Tel: (852) Fax: (852) Contact: Kendrew Leung kleung@savills.com.hk EA Co. Licence: C Savills Guardian (Holdings) Limited 7/F Cityplaza One, 1111 King s, Taikoo Shing, Hong Kong Tel: (852) Fax: (852) Contact: Peter Ho peterho@savillsguardian.com.hk MACAO SAR Savills - Macao Savills (Macau) Limited Suite 1310, 13/F Macau Landmark, 555 Avenida da Amizade, Macao Tel: (853) Fax: (853) Contact: Franco Liu fl iu@savills.com.mo CHINA Savills - Shanghai 20/F Shanghai Central Plaza, 381 Huaihai Middle, Shanghai , China Tel: (86) Fax: (86) Contact: Albert Lau alau@savills-sh.com Savills - Beijing 2101 East Tower, Twin Towers, B-12 Jianguomenwai Avenue, Chaoyang District Beijing , China Tel: (86) Fax: (86) Contact: Billy Chau bchau@savills-bj.com Savills - Korea Savills Korea 11/F Seoul Finance Center, 84 Taepyungro-1-ga, Chung-gu, Seoul, Korea Tel: (82) Fax: (82) Contact: Robert McKellar rmckellar@savills.co.kr Savills - Malaysia Savills Rahim & Co Level 17, Menara Uni. Asia, 1008 Jalan Sultan Ismail, Kuala Lumpur, Malaysia Tel: (60) Fax: (60) Contact: Robert Ang robertang@savillsrahim-co.com Savills - Singapore Savills (Singapore). 2 Shenton Way, #17-01 SGX Centre 1, Singapore Tel: (65) Fax: (65) Contact: Chris Marriott cjmarriott@savills.com.sg Savills - Taiwan Savills (Taiwan) Limited 17F-1, Exchange Square, No. 89, Sung Ren Xin-Yi District, Taipei, Taiwan Tel: (886) Fax: (886) Contact: Cynthia Chu cchu@savills.com.tw Savills - Thailand Savills (Thailand) Limited 26/F Abdulrahim Place, 990 Rama IV, Silom, Bangrak, Bangkok 10500, Thailand Tel: (66) Fax: (66) Contact: Robert Collins robertc@savills.co.th Savills - Vietnam 18/F, Fideco Tower, Ham Nghi Street, District 1, Ho Chi Minh City, Vietnam Tel: (84) Fax: (84) Contact: Brett Ashton bashton@savills.com.vn Offi ce in Hanoi AUSTRALIA Savills - Australia Savills (Aust) Pty. Level 7, 50 Bridge Street, Sydney, Australia Tel: (61) Fax: (61) Contact: Paul McLean pmclean@savills.com.au Offi ces in Adelaide, Brisbane, Canberra, Gold Coast, Liverpool, Melbourne, Parramatta, Perth, Sunshine Coast and Sydney. savills.com Savills - Guangzhou Room 906, R & F Centre, No. 10 Hua Xia, Zhu Jiang New Town, Guangzhou, , China Tel: (86) Fax: (86) Contact: Woody Lam wlam@savills.com.hk Savills - Shenzhen Unit A, 5/F, Anlian Plaza, 4018 Jintian, Futian District, Shenzhen , China Tel: (86) Fax: (86) Contact: Woody Lam wlam@savills.com.hk Offi ces in Chengdu, Chongqing, Dalian, Hangzhou, Shenyang, Tianjin, Xiamen ASIA Savills - Indonesia PT. Procon Indah 19/F Indonesia Stock Exchange Building, Tower 2, Jl Jenderal Sudirman Kav 52-53, Jakarta Indonesia Tel: (62) Fax: (62) Contact: Lucy Rumantir lucy.rumantir@procon.co.id Savills - Japan Savills Japan Co.,. Aoba Roppongi Building 3F, Roppongi, Minato-ku, Tokyo , Japan Tel: (81) Fax: (81) Contact: Christian Mancini cmancini@savills.co.jp NEW ZEALAND Savills - New Zealand Barfoot & Thompson Level 5, 50 Kitchener Street, Auckland, New Zealand Tel: (64) Fax: (64) Contact: Peter Thompson peter@barfoot.co.nz NORTH AMERICA Savills - New York Savills LLC 599 Lexington Avenue, 36th Floor, New York, NY Tel: (1) Fax: (1) Contact: John D. Lyons jlyons@savills.com UNITED KINGDOM / EUROPE / SOUTH AFRICA Savills - Europe 20 Grosvenor Hill, London W1K 3HQ, U.K. Tel: (44) Fax: (44) Contact: Jeremy Helsby jhelsby@savills.com Offi ces throughout the United Kingdom, Belgium, France, Germany, Hungary, Italy, Netherlands, Poland, Spain and Sweden. Associate offices in Austria, Greece, Norway, Portugal, Russia, Turkey and South Africa. A real estate industry leader established over 150 years ago, with over 200 offices and associates worldwide. This document is prepared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change and these particulars do not constitute, nor constitute part of, an offer or contract; interested parties should not rely on the statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy. No person in the employment of the agent or the agent s principal has any authority to make any representations or warranties whatsoever in relation to these particulars and Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. This publication may not be reproduced in any form or in any manner, in part or as a whole without written permission of the publisher, Savills. Savills (Hong Kong) Limited (IV/10)
Savills Research Asia Pacific 1 st January Prime Benchmark. Savills Research.
Savills Research Asia Pacific 1 st January 211 Prime Benchmark Savills Research www.savills.com.hk/research Savills Research Asia Pacific 1 st January 211 Prime Offices (Top 5) 25 2 15 1 5 Kuala Lumpur
More informationIndustrial briefing. Singapore. November 12, Savills Research
Singapore November 12, 29 Whilst there are signs that the economy is slowly emerging from its trough, industrial rents and prices remain weak on subdued external demand. After three negative quarters,
More informationResidential sales briefing
Singapore February 12, 2010 Near record high sales of private new homes, coupled with a strong price recovery in the second half of 2009, marked the end of the property downturn. Total transaction volume
More informationIndustrial. Savills Research
December 14, 21 "Robust economic growth, ample liquidity and low interest rates spurred buying activity in the quarter. Prices and rents registered the highest gains since their turnaround at the end of
More informationOffices. Savills Research
November 22, 2010 "The recovery of the office market has firmed up with broadbased rental growth and active investment sales on the back of renewed market confidence." Image: Marina Bay Area, Singapore
More informationSavills Hotels Asia Pacific
Savills Hotels Asia Pacific contents 01 Savills 03 02 03 sales & investment 06 valuation 07 04 05 consultancy 08 asset management 09 06 the network 10 01 savills about savills Established in 1855, Savills
More informationOffice sector briefing
Singapore November 13, 20 "It is becoming increasingly clear that the slowing global economy over the last 12 to 18 months is beginning to have a negative impact on the office market." Singapore slips
More informationOffice Leasing. Savills Research
November 1, 21 "Leasing activity remains strong in the third quarter as central Tokyo office fundamentals show continued signs of improvement. Assuming the market suffers no external shocks, modest rental
More informationResearch. Office Briefing SINGAPORE. April 25, Market Overview. singapore. commercial - singapore. research & consultancy - singapore
Research April 25, 2007 SINGAPORE Office Briefing Demand remains strong from a growing number of finance and shipping companies Robust demand spills over to shophouses Government puts up 6 vacant properties
More informationOffices. Savills Research. Savills Research I Seoul, Korea. November 4, 2011
Savills Research I Seoul, Korea November 4, 211 " net absorption was at the highest level in nearly ten years. However, office demand could not match record new supply, with the vacancy rate climbing to
More informationOffices. Savills Research. Savills Research I Seoul, Korea. February 6, 2012
Savills Research I Seoul, February 6, 212 "The fourth quarter net absorption of 26, sq m represented 43% of total 211 net absorption of 68, sq m. This exceeded annual supply of 482, sq m and drove the
More informationSurvey Prime Benchmark 1 January 2018
Savills World Research Asia Pacifi c Survey Prime Benchmark 1 January 2018 savills.com.hk/research SURVEY PRIME BENCHMARK 5 39 Of Asia s Savills Asia Pacific Network Australia Adelaide Brisbane Canberra
More informationPrivate Residential Market REAL ESTATE DATA TREND Q3 2018
Private Residential Market REAL ESTATE DATA TREND Q3 2018 Duo Residences Page 1 Notwithstanding the recent property cooling measures, the private residential market remained resilient in Q3 Sentiment in
More informationResidential. Savills Research
February 28, 2011 "Although rents for certain unit types remain under pressure in some submarkets, Tokyo s overall residential leasing market continued to stabilise during Q4/2010. In particular, average
More informationPRIVATE RESIDENTIAL PRICE STAYED STABLE DESPITE COOLING MEASURES AND UNCERTAIN EXTERNAL ENVIRONMENT IN Q3 SINGAPORE RESEARCH RESIDENTIAL
RESEARCH RESIDENTIAL Q3 218 RESIDENTIAL MARKET SNAPSHOT All Private Residential Property Price Index 149.7 8.8% increase yoy Total Transaction Volume* (Q3 218) 5,812 units 28% decrease yoy *Transaction
More informationHong Kong Prime Office Monthly Report. August 2011 RESEARCH LEASING ACTIVITY ROBUST DESPITE VOLITILITY
RESEARCH August 2011 Hong Kong Prime Office Monthly Report LEASING ACTIVITY ROBUST DESPITE VOLITILITY Sentiment in the office sales market weakened over the past month. The slowdown was triggered by a
More informationCHINA AND HONG KONG RESIDENTIAL MARKETS. by Knight Frank and Holdways 10 December 2014
CHINA AND HONG KONG RESIDENTIAL MARKETS by Knight Frank and Holdways 10 December 2014 CHINA S ECONOMY, POLICIES AND IMPACT ON DEVELOPERS Presented by Helen Liu General Manager, Beijing Holdways Information
More informationValuation & Advisory. Asia Pacific
Valuation & Advisory Asia Pacific Savills is one of the largest Real Estate Advisors in the Asia Pacific, with over 23,200 staff across 58 offices. 01 Savills Valuation & Advisory Asia Pacific our history
More informationHDB MARKET PULSE REAL ESTATE DATA TREND Q3 2018
HDB MARKET PULSE REAL ESTATE DATA TREND Q3 2018 SkyTerrace @ Dawson Page 1 Despite lingering concerns about the depreciating value of aging flats, the HDB resale volume hit a five-year high in 2018 The
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH February 2011 HONG KONG Luxury Residential Monthly Report Prices rise WITH improved sentiment Government measures introduced in November 2010 to curb the surge in residential prices continued
More informationOffice market report
research Q2 2014 Office market report highlights As of Q2 2014, there were approximately 4,555,271 square metres of office space in Bangkok. 87,898 square metres of new supply filled in 2014 (The Nine
More informationHong Kong Prime Office Monthly Report. September 2011 RESEARCH NON-CORE DISTRICTS LEAD THE MARKET
RESEARCH September 2011 Hong Kong Prime Office Monthly Report NON-CORE DISTRICTS LEAD THE MARKET Sentiment in the office market remained mixed over the past month. The sales market was relatively quiet,
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH July 2010 HONG KONG Luxury Residential Monthly Report Land auction stimulates market The auction of a luxury residential site in Ho Man Tin on 8th June represented a turning point in Hong Kong
More informationAPAC REALTY POSTS DOUBLE-DIGIT GROWTH IN NET PROFIT FOR 9M FY2018
APAC REALTY POSTS DOUBLE-DIGIT GROWTH IN NET PROFIT FOR 9M FY2018 Total revenue jumped 26.3% to S$342.1 million in 9M FY2018, mainly due to the increase in brokerage income from the resale and rental of
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH September 2011 HONG KONG Luxury Residential Monthly Report Sales increase as prices soften With the global economic outlook uncertain and stock markets weak worldwide, sentiment in Hong Kong s
More informationOffice market report
research Q1 2013 Office market highlights Rental rates continue to climb as Grade A office buildings in Bangkok s Central Business District (CBD) continue to be highly sought after. Wireless Road now commands
More informationSummary of JREI Global Property Value/Rent Indices (No. 10, Apr. 2018)
May 29, 2018 Japan Real Estate Institute (JREI) JREI-kenkyu-madoguchi@imail.jrei.jp Summary of JREI Global Property Value/Rent Indices (No. 10, Apr. 2018) We are pleased to release a summary of the results
More informationProperty Sector. Phillip Securities Research Pte Ltd. 26 April 2011
Property Sector Phillip Securities Research Pte Ltd 26 April 211 Residential sector Home prices: Property price index (PPI) of all private residential property increase 2.2% q-q from 194.8 to 199.1. PPI
More informationAustralian Dwelling Prices and Tobin's q
Australian Dwelling Prices and Tobin's q Presentation to UNSW Business School Real Estate Symposium Peter Jolly, Global Head of Research September 2016 Tobin's q q = Market Value for an asset Replacement
More informationHONG KONG. April 2011 RESEARCH. Japan disasters affect hk home sales. Monthly Report
RESEARCH April 2011 HONG KONG Luxury Residential Monthly Report Japan disasters affect hk home sales Following Hang Seng Bank s February move to limit the offering of HIBOR-linked mortgages to selected
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH AUGUST 2011 HONG KONG Luxury Residential Monthly Report PRICES STABLE DESPITE MARKET UNREST Sentiment in the local residential sales market remained lukewarm in July. Government measures to cool
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH January 2011 HONG KONG Luxury Residential Monthly Report Market regains momentum Hong Kong s residential sales market proved its resilience again last month, swiftly recovering from the impact
More informationPropertyGuru Property Market Outlook 2018
PropertyGuru Property Market Outlook 2018 PropertyGuru Property Market Outlook 2018 The PropertyGuru Property Market Outlook report is published annually and uses a wide scope of proprietary and public
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH August 2010 HONG KONG Luxury Residential Monthly Report low mortgage rates fuel market In late July, a luxury residential site in Mount Nicholson Road on the Peak was sold for more than HK$10
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH October 2011 HONG KONG Luxury Residential Monthly Report Residential market remains quiet Last month, the fear of a global recession resulted in further drops in stock markets worldwide and continuing
More informationHong Kong Prime Office Monthly Report. October 2011 RESEARCH NON-CORE DISTRICTS LEAD THE MARKET
RESEARCH October 2011 Hong Kong Prime Office Monthly Report NON-CORE DISTRICTS LEAD THE MARKET Business and investment activity slowed in Hong Kong over the past month, on the back of negative economic
More informationDMC Office Market. Savills Research. Savills Research I Seoul, Korea. November DMC Office Market Summary, Q3/
November 2010 Summary, Q3/2010 Average Rent (KRW/3.3058 sqm, based on GLA) Average Rent (KRW/3.3058 sqm, based on NLA) YoY Increase Rate Vacancy Rate Projected Short-term Vacancies 43,000 81,100-2.2% 19.7%
More informationINVESTMENT ANALYSIS Q1 2018
INVESTMENT ANALYSIS Q1 18 Review of the previous year Global Property Guide Financial Information for the Residential Property Buyer Global Property Guide Financial Information for the Residential Property
More informationPapua New Guinea Property Investment Guide. Hospitality Edition 2014
Papua New Guinea Property Investment Guide Hospitality Edition 2014 PAPUA NEW GUINEA Property Tenure/Ownership Overview The Land Act is the main legislation that regulates dealings in land in Papua New
More informationSummary of JREI Global Property Value/Rent Indices (No. 11, Oct. 2018)
November 29, 2018 Japan Real Estate Institute (JREI) JREI-kenkyu-madoguchi@imail.jrei.jp Summary of JREI Global Property Value/Rent Indices (No. 11, Oct. 2018) We are pleased to release a summary of the
More informationMapletree Industrial Trust to Grow Hi-Tech Buildings Segment with Acquisition and Upgrading of 7 Tai Seng Drive
(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) PRESS RELEASE Mapletree Industrial Trust to Grow Hi-Tech Buildings Segment with Acquisition and Upgrading
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH MAY 2010 HONG KONG PRIME OFFICE Monthly Report Yields set to rise Over the past month, Hong Kong s office sales market started to consolidate, following a strong period of recovery that started
More informationBriefi ng Residential leasing June 2017
Savills World Research Singapore Briefi ng Residential leasing SUMMARY Image: Echelon at Alexandra View Rents continued to trend lower despite strong showing in leasing transactions in /217. The job market
More informationRESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES
RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Jun-16 Sep-16 Dec-16 Aug-16 Nov-16 Feb-17 Aug-16 Nov-16 Mar-17 The official cash rate target remained at 1.5
More informationDomain.com.au House Price Report December Quarter 2015
Domain.com.au House Price Report December Quarter 2015 Dr Andrew Wilson Senior Economist for Domain.com.au Key findings Record drop in Sydney median house prices over the December quarter Melbourne and
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH February 2011 HONG KONG PRIME OFFICE Monthly Report RENTS TO SURPASS 2008 PEAKS BY YEAR-END Players in Hong Kong's office leasing market started the game of 'musical chairs' again at the beginning
More informationBangkok Office Market
research Q2 2015 highlights Bangkok s office supply increased to 4,661,188 square metres. During the first half of 2015, the office supply increased by 86,000 square metres. Over four years, the net take-up
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH MARCH 2010 HONG KONG PRIME OFFICE Monthly Report Office market rally continues Hong Kong s economy showed further signs of recovery this past month, benefiting from a revival in regional trade,
More informationPresentation Results. 6th March 2015
Presentation 6th March 2015 2014 Review Strong underlying profit Increased contribution from commercial portfolio Moderately reduced residential performance despite strong profits from Hong Kong and mainland
More informationPERSPECTIVE. Private Residential (Landed) Market Review & Outlook. Prices continued to decline 2Q 2015
PERSPECTIVE 2015 Private Residential (Landed) Market Review & Outlook Prices continued to decline Prices continued their decline in the second quarter of 2015, falling 1.0% quarter-on-quarter (QoQ) and
More informationG A T E S A V E N U E
1010-1012 G A T E S A V E N U E B R O O K L Y N, N Y C O N F I D E N T I A L I T Y & C O N D I T I O N S NKF Capital Markets, a division of Newmark & Company Real Estate Inc. d/b/a Newmark Knight Frank
More informationPROPERTY INSIGHTS Q1 Snapshot
PROPERTY INSIGHTS Singapore Quarter 1, 2018 2018 Q1 Snapshot Residential market on the upturn Prices of private residential properties rose significantly in. How do the other market segments fare? Singapore
More informationJapan 1.4% REVIEW BY GEOGRAPHIC REGION. Operating Conditions and Performance Review BUSINESS REVIEW
Japan 1.4% in Japan increased 1.4% year-on-year, to 112 billion. Although Japan experienced a weakness in exports due to the increased value of the yen, the economy improved overall, moderately recovering
More informationPresented by Corporate Visions Pte Ltd
Our Vision : To be the leading consultancy in commercial and industrial properties Our Mission: To provide professional, value-added and cost effective business space solutions Presented by Corporate Visions
More informationPresented by Corporate Visions Pte Ltd
Our Vision : To be the leading consultancy in commercial and industrial properties Our Mission: To provide professional, value-added and cost effective business space solutions Presented by Corporate Visions
More informationAsia Pacific Office MarketView
Asia Pacific Office MarketView Q1 2013 CBRE Global Research and Consulting RENTS UP 14 Markets RENTS STABLE 4 Markets RENTS DOWN 8 Markets VACANCY UP 4 Markets VACANCY STABLE 1 Markets VACANCY DOWN 13
More informationAPAC REALTY REPORTS NET PROFIT OF S$24.2 MILLION IN FY2018
APAC REALTY REPORTS NET PROFIT OF S$24.2 MILLION IN FY2018 Declares final dividend of 2.5 cents per share; including the interim dividend of 2.0 cents per share, bringing the total dividend for FY2018
More informationWhen Will Singapore s Private Residential Leasing Market Turn Around? June 2016
When Will Singapore s Private Residential Leasing Market Turn Around? June 2016 Rents have been declining in all sub-markets The Urban Redevelopment Authority s (URA) rental index for private homes has
More informationRESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES
RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Mar-16 Jun-16 Sep-16 Jun-16 Sep-16 Dec-16 The official cash rate target remained at 1.5 on 6 December 2016.
More informationSummary of JREI Global Property Value/Rent Indices (No. 9, Oct. 2017)
November. 28, 2017 Japan Real Estate Institute (JREI) JREI-kenkyu-madoguchi@imail.jrei.jp Summary of JREI Global Property Value/Rent Indices (No. 9, Oct. 2017) We are pleased to release a summary of the
More informationPROPERTY OUTLOOK REPORT 2018
PROPERTY OUTLOOK REPORT 2018 Table of Contents 1 2 3 4 5 6 7 8 9 10 0Outlook Report 2018 Overview 02017: Year at a Glance PropertyGuru Market Index 2017 Kuala Lumpur Selangor Penang Johor Malaysian Property
More informationDBJ Tourism Management Seminar
DBJ Tourism Management Seminar Presentation by Mr Ronald Tay CEO, Ascott Residence Trust Management Limited 1 4 February 2015 Disclaimer This presentation may contain forward-looking statements that involve
More informationConstruction Investment Cools In Lead Up To General Election
Phnom Penh, Q2 218 Construction Investment Cools In Lead Up To General Election Average High-end Condominium Price $3,211/SQM Prime Condominium Rent $14.3/SQM Prime Office Rent $25.5/SQM Prime Retail Mall
More informationReal Estate Foresight
Real Estate Foresight Special Commentary on Executive Condominiums OrangeTee Research & Consultancy Email: research@orangetee.com Website: www.orangetee.com On July 30, tenders for three executive condominium
More informationDomain House Price Report March Quarter 2016
Domain House Price Report March Quarter 2016 Dr Andrew Wilson Chief Economist for Domain Key findings Sydney median house price drops below $1 million House and unit prices are down in Sydney, Brisbane,
More informationTHE ANNUAL SPRING REAL
The Great Housing Price Showdown Last January China s central government finally introduced measures strong enough to slow housing price increases. Speculators, developers, local governments and simple
More informationPROPERTY ANNUAL REPORT
PROPERTY 6 ANNUAL REPORT 2001 Review of Operations Property 2001 2000 HK$M HK$M Gross rental income derived from Offices 2,261 2,251 Retail 2,144 1,989 Residential 348 372 Other income 75 80 Property investment
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH March 2011 HONG KONG Luxury Residential Monthly Report Primary residential market revives In February 2011 the low season of Chinese New Year the residential market in Hong Kong was relatively
More informationLondon IHP Leadership Exchange
London IHP Leadership Exchange Assets Real Estate Production and Acquisition Review of Global Markets Robert Grundy, Head of Housing, Savills Tuesday 7 th October, 2014 Winckworth Sherwood, Minerva House,
More informationRESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES
RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Sep-16 Mar-17 Mar-17 Jun-17 Sep-16 Mar-17 The official cash rate target remained at 1.5 on 6 June 2017. Domestic
More informationStudent Property Global Contacts. Connecting people & property, perfectly.
Student Property Global Contacts. Connecting people & property, perfectly. Global Contacts Europe Asia PAC James Pullan Partner, Department Head +44 207 861 5422 james.pullan@knightfrank.com Emily Fell
More informationbangkok Serviced Apartments
research 1H 2010 Highlights First 5 months of 2010, the expatriates arrivals in Bangkok recorded at 307,638 people. Bangkok market in 1H 2010 had total supply of 15,872 units, having an increase over 2H
More informationOUR GLOBAL FOOTPRINT INDEPENDENT, INTERNATIONAL, COMMERCIAL, RESIDENTIAL. Locally expert, globally connected.
OUR GLOBAL FOOTPRINT INDEPENDENT, INTERNATIONAL, COMMERCIAL, RESIDENTIAL. Locally expert, globally connected. ABOUT THE GROUP THERE S A HUMAN ELEMENT IN THE WORLD OF PROPERTY THAT IS TOO EASILY OVERLOOKED.
More informationEstablishing a Global Footprint: Inbound, Outbound & in your Neighborhood
Establishing a Global Footprint: Inbound, Outbound & in your Neighborhood Global real estate is a mind set Cindy Fauth Spend more money $477,462 (average purchase price) Pay in cash 50% of international
More informationRESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES
RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Feb-17 May-17 Aug-17 Nov-16 Feb-17 May-17 The official cash rate target remained at 1.5 on 1 August 2017. Domestic
More informationAPAC REALTY, OPERATOR OF MARKET-LEADING REAL ESTATE BROKERAGE IN SINGAPORE UNDER THE ERA BRAND, LAUNCHES $58.2 MILLION IPO
APAC REALTY, OPERATOR OF MARKET-LEADING REAL ESTATE BROKERAGE IN SINGAPORE UNDER THE ERA BRAND, LAUNCHES $58.2 MILLION IPO APAC Realty, through its wholly-owned subsidiary ERA Realty, is the operator of
More informationDTZ Research. Property Times Hong Kong Q Decentralised office leasing gains pace. 16 April Contents. Authors. Contacts
Property Times Decentralised office leasing gains pace 16 il 2013 Contents Economic Overview 2 Office 3 Retail 5 Residential 6 Investment 7 Definitions 8 Authors David Ji Head of Greater China Research
More informationMainland China Real Estate Markets 2014 ULI Analysis of City Investment Prospects
Mainland China Real Estate Markets 2014 ULI Analysis of City Investment Prospects Kenneth Rhee Chief Representative, Mainland China, for the Urban Land Institute July 9, 2014 Agenda for discussion 1. Geographic
More informationPROPERTY INSIGHTS. Market Overview. Residential sales maintained its momentum in Q Citigold Private Client. Singapore Quarter 1, 2017
Citigold Private Client PROPERTY INSIGHTS Singapore Quarter 1, 2017 Residential sales maintained its momentum in Q1 2017 Market Overview Singapore s GDP is expected to grow by 2.5% y-o-y in Q1 2017, based
More informationNEWS RELEASE. August 2, For Immediate Release. Tokyo Tatemono Co., Ltd.
NEWS RELEASE For Immediate Release August 2, 2018 Tokyo Tatemono Co., Ltd. Tokyo Tatemono s First Projects in Jakarta, Indonesia Participating in Development Projects for Condominium and Office Promoting
More informationHighlights Introduction Financial Results Operations Review Market Outlook Going Forward
1 Highlights Introduction Financial Results Operations Review Market Outlook Going Forward 2 Introduction 3 Corporate Profile One of the largest listed property companies by total assets on the Singapore
More informationRental Market February 2018 *Based on numbers compiled 9 th March 2018.
Rental Market February 2018 About Q: What is the SRX Residential Property Flash Report? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental property
More informationRental Market January 2018 *Based on numbers compiled 9 th February 2018.
Rental Market January 2018 About Q: What is the SRX Residential Property Flash Report? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental property
More informationRental Market May 2018 *Based on numbers compiled 11 th June 2018.
Rental Market May 2018 About Q: What is the SRX Residential Property Flash Report? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental property
More informationRental Market July 2018 *Based on numbers compiled 6 th August 2018.
Rental Market July 2018 About Q: What is the SRX Residential Property Flash Report? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental property
More informationRental Market September 2017 *Based on numbers compiled 7 th October 2017.
Rental Market September 2017 About Q: What is the SRX Residential Property Flash Report? A: The SRX Residential Property Flash Report is a monthly report that tracks and disseminates resale and rental
More informationBriefi ng Residential leasing Q1 2018
Savills World Research Tokyo Briefi ng Residential leasing SUMMARY Image: Park Court Akasaka-hinokicho The Tower While the C5W led rental growth in Q1/2018, every submarket, including all fi ve of the
More informationREAL ESTATE SENTIMENT INDEX 3 rd Quarter 2014
About Real Estate Sentiment Index (RESI) The Real Estate Sentiment Index (RESI) is jointly developed by the Real Estate Developers Association of Singapore (REDAS) and the Department of Real Estate (DRE),
More informationREAL ESTATE DATATREND Private Residential Market
REAL ESTATE DATATREND Private Residential Market Keener Sense of Real Estate Market bottom in sight 28 th July 2017 Longest losing streak in prices continues The longest losing streak of Singapore private
More informationBriefing Residential leasing Q4 2017
Savills World Research Tokyo Briefing Residential leasing SUMMARY Image: Park Court Aoyama The Tower 19 of Tokyo s 23 wards finished 2017 with YoY gains. C5W rental growth has picked up, and increases
More information2013 Arizona Housing Market Mid-Year Report
2013 Arizona Housing Market Mid-Year Report This mid-year market report outlines the latest trends in Arizona real estate. The housing market hit bottom in mid to late 2011, and has been in recovery mode
More informationHousing market report
Capital city market report Prepared February Dr Andrew Wilson, Senior Economist Year off to a flying start as economic outlook improves National overview Australian capital city housing markets are providing
More informationPrivate residential market languid for most parts of 3Q 2014
Research & Forecast Report Singapore Residential 3Q 2014 Accelerating success. Private residential market languid for most parts of 3Q 2014 Sharp pullback in launches and sales volume Market activity in
More informationRICS UK Housing Market Chart Book
Economics RICS UK Housing Market Chart Book May 17 Since the beginning of 17, the headline reading for the RICS House Price series has been largely unchanged with a positive net balance of between 22 and
More informationREAL ESTATE SENTIMENT INDEX 2 nd Quarter 2018
About Real Estate Sentiment Index (RESI) The Real Estate Sentiment Index (RESI) is jointly developed by the Real Estate Developers Association of Singapore (REDAS) and the Department of Real Estate (DRE),
More informationBriefi ng Residential leasing Q2 2018
Savills World Research Tokyo Briefi ng Residential leasing 2018 SUMMARY Image: Mirea Court Ginza Premier Average rents consolidated in, as expected following the robust gains in. Annual growth should remain
More informationKeppel Land. FY2002 Results Presentation. Presentation Highlights. 27 January Financial Results FY2002. Operations Review.
Keppel Land FY2002 Results Presentation 27 January 2003 Presentation Highlights Financial Results FY2002 Operations Review Market Outlook Going Forward 1 Financial Results FY2002 Financial Performance
More informationBrief Overview of the Economy
Rahim & Co Research Property Market Insight Q4 2010 Brief Overview of the Economy Signs of economic improvement were noted at the beginning of 2010 as the global economy started to stabilize. Malaysia
More information2016 Q3 PROPERTY MARKET REPORT
2016 Q3 PROPERTY MARKET REPORT OVERVIEW After a tumultuous few months following the Brexit vote on 23 June, the UK economy seems to have rebounded and fallen into a more stable economic environment. Supply
More informationOFFICE AND RETAIL STRATA MARKETS REMAINED MUTED, WHILE SHOPHOUSES RECEIVED SUSTAINED BUYING INTEREST IN H1 2017
H1 21 BIANNUAL RESEARCH BULLETIN SINGAPORE COMMERCIAL SALES OFFICE AND RETAIL STRATA MARKETS REMAINED MUTED, WHILE SHOPHOUSES RECEIVED SUSTAINED BUYING INTEREST IN H1 21 Strata-Titled Offices: Total transaction
More information