Search Articles

in

Recommended For You

Inventor sues HDB over clothes rack design
Inventor sues HDB over clothes rack design

The Straits Times -
23 Jul 2014

A LOCAL inventor has sued the Housing Board, claiming it has infr...


Cooling resale market: Not time to boost demand
Cooling resale market: Not time to boost demand

The Straits Times -
23 Jul 2014

THE cooling demand for resale Housing Board flats has put some sell...


Suntec Reit's Q2 DPU up despite equity dilution
Suntec Reit's Q2 DPU up despite equity dilution

The Business Times -
23 Jul 2014

Its shares added two S'pore cents to hit a one-year high of S$1.855...



Latest Related Ads

The Summit
The Summit (D16) Condominium, For Sale

VACANT UNIT FULLY
FURNISHED WITH
UNBLOCKED VIEW


Changi Garden
Changi Garden (D17) Condominium, For Sale

VACANT UNIT WITH GARDEN
VIEW 3+1 M Dear Agent/



Featured Videos

Newsletter

Subscribe to receive the hottest news & property trends, updates on popular properties and promotions from STProperty & our partners

Singapore Property News

Home price rise reflects demand, not a bubble: DBS

Price rise reflects people genuinely buying homes to upgrade and move into

The Business Times - January 13, 2010
By: Conrad Tan

| More
Home price rise reflects demand, not a bubble: DBS

THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday.

'In the mass market, what you are seeing is real end-user demand that is catching up,' he told reporters at a briefing to present the group's economic outlook and investment strategy for the year.

'If you look at affordability levels, the average cost to service a mortgage taken against the median wage is about 30 per cent, which is fairly stable. When it moves up to 50 per cent, you know you have a bubble forming.

'So we're not really at a bubble stage yet. I think the last time we had a major bubble was probably in 1995-96, when queues were forming outside showflats and people were buying three or four properties at one go.

'This time, it's more circumspect - there are some speculators out there, but by and large people are genuinely buying homes to upgrade and move into,' Mr Wong said.

'Rental yields have come down, because they were exceptionally high at about 4-5 per cent, now they're about 3-3.5 per cent. If they got down to one per cent, I would say that represents a bubble.'

The group's research team expects high-end private home prices here to rise a further 10-15 per cent this year, while mid-tier home prices are expected to rise 5-10 per cent. It expects any increase in the price of mass-market private homes and public housing to be relatively muted.

| More

Ease ABSD for Singaporeans, urges Wing Tai boss

Ease ABSD for Singaporeans, urges Wing Tai boss

The Business Times - 18 Jul 2014

But it should be kept for foreigners as hot money remains an issue


Magnate allays fears of Iskandar building glut

Magnate allays fears of Iskandar building glut

The Business Times - 17 Jul 2014

This comes against a backdrop of roll-out of mammoth projects by big Chinese developers


Parents may get carrot to join kids in newer towns

Parents may get carrot to join kids in newer towns

The Straits Times - 17 Jul 2014

Idea raised as part of efforts to free up HDB flats in mature estates

View articles from these categories

X

Fund said to be selling Grange Infinite units

The Business Times - January 12, 2010

By: Emilyn Yap