Residential Property
Developers brace for massive flat glut as condo prices slipped further in Q3
Developers brace for massive flat glut as condo prices slipped further in Q3
There are 88,627 units in the pipeline.
Luxury home sales dearth to drag prices 10% by the end of the year
Prices fell steeply in Q3.
OCR homes kicked out of the spotlight as mass-market launches dived 67.9% in Q3
Only 527 new condos were released.
Private condo sales plunged by almost 40% in Q3
Only around 1500 new homes were sold.
Residential property investment sales dropped 14.5% in Q3
A turnaround is unlikely in Q4.
Rich buyers snubbed posh condos with only three luxury residential deals inked in Q3
Find out how much these units cost.
Do-or-die move: Developers forced to slash prices of new projects to move inventory in Q3
Hefty fines await those can’t adapt.
Keppel Corp’s net income slipped 21% in Q3 as property revenues plummet
Property sales slowed in both Singapore and China.
Chart of the Day: Singaporeans’ tight wallets have shrunk new homes in size by almost 50%
It’s a huge trade-off.
Risks intensify for Keppel Land as ASEAN exposure grows
Its earnings will be volatile in the near term.
Singapore’s public housing supply to be slashed by 25% starting 2015
Only 16,000 BTO flats will be launched.
Keppel Land’s property trading profit plunged 34.6% in September
Blame it on higher tax expenses.
First REIT profit climbs a record-breaking 6.1% this year
After its May acquisition.
Chart of the Day: See this year’s dismal performance in REIT as developer sales crash 52%
Outlook remains to be negative.
Luxury condos recorded extremely dismal sales in September
Only a single unit was sold in one project.
Chart of the Day: New home sales crashed to 47.6% in September 2014
Levels are a far cry from 2012’s peaks.
Private home sales plunged 52% in the first three quarters of 2014
Only 648 homes were sold last month.
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