Property Update (24 Sept 2013)

Singapore Property Heat Map

HDB – Price Per Square Foot over 90 Days (via dwg.com.sg)

HDB – Price Per Square Foot over 90 Days (via dwg.com.sg)

HDB – Volume (over 90 Days (via dwg.com.sg)

HDB – Volume over 90 Days (via dwg.com.sg)

Condo/Apt – Price Per Square Foot over 90 Days (via dwg.com.sg)

Condo/Apt – Price Per Square Foot over 90 Days (via dwg.com.sg)

Condo / Apt – Volume over 90 Days (via dwg.com.sg)

Condo / Apt – Volume over 90 Days (via dwg.com.sg)

Property News

HDB to ramp up 2-room BTO flats supply (Channel News Asia)

SINGAPORE: National Development Minister Khaw Boon Wan said the authorities are working to address the huge demand of two-room Build-to-Order (BTO) flats.

In a blog post on Monday, Mr Khaw said the Housing and Development Board (HDB) will put up for sale all its balance two-room flats in non-mature estates from previous BTO exercises later this month.

The release will add 1,100 flats to the September BTO launch of about 190 units, more than doubling the number launched in July.

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3Gen flat layout sensitive to needs of 2 families living together: Khaw (Channel News Asia)

SINGAPORE: The layout of the new 3Gen flat type is sensitive to the needs of two families living under one roof.

National Development Minister Khaw Boon Wan shared the layout of the new flat type on his blog on Saturday.

The Housing and Development Board (HDB) will offer the new flat type in its September Build-To-Order exercise.

The 3Gen flats will be introduced at Saraca Breeze @ Yishun, which is close to Khatib MRT station.

The 3Gen flat will come with four bedrooms – two are main bedrooms with attached bathrooms.

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Dubai on top of the world: No 1 on global housing markets’ list (Emirates247.com)

DUBAI — Dubai continues to hold the top position on Global Property Guide’s list of highest price rises recorded across 42 cities for the second consecutive quarter of 2013.

The organisation, which collates real estate data from across the world, said prices climbed by 17.99 per cent during the year to Q2 2013.

House prices had declined by 53 per cent from Q3 2008 to Q3 2011, due to the global financial and economic meltdown. However, Dubai started witnessing recovery from the second quarter of 2012, supported by the UAE’s robust economic growth.

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Asia Market News (PropertyWire) >>

Featured Video

CNA Market Insights with William Wiranto (Barclays Wealth), points out the impact of the recent Fed decision, SE Asia investment outlook in Indonesia, Philippines, Singapore, and Malaysia.

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Property Update (17 Sept 2013)

Singapore Property Heat Map

(via dwg.com.sg)

HDB – Price Per Square Foot over 90 Days (via dwg.com.sg)

HDB - Volume over (0 Days (via dwg.com.sg)

HDB – Volume over (0 Days (via dwg.com.sg)

Condo/Apt over 90 Days (via dwg.com.sg)

Condo/Apt – Price Per Square Foot over 90 Days (via dwg.com.sg)

Condo / Apt - Volume over 90 Days (via dwg.com.sg)

Condo / Apt – Volume over 90 Days (via dwg.com.sg)

Property News

Ethnic Integration Policy in public housing still needed (ChannelNewsAsia)

SINGAPORE: The Ethnic Integration Policy (EIP) is still needed to ensure a good mix of residents of different races in different neighbourhoods and blocks in public housing, said Minister of State for National Development Maliki Osman.

Dr Maliki was responding to a question by Member of Parliament (MP) for Bishan-Toa Payoh GRC Hri Kumar Nair in Parliament on Monday on whether the policy is still necessary.

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Full-year home sales could dip to a sluggish 15-16K (Singapore Business Review)

SINGAPORE:  TDSR measure proving too effective.
“We expect sales to remain slow for the rest of the year, and we now expect full-year sales to be around 15-16k units (excl. ECs). The softening in HDB resale prices is also a likely precursor to moderating prices in the mass market private property segment, in our view,” Maybank Kim Eng said in an analysis.

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Property cooling measures necessary to avoid major price correction: MND (ChannelNewsAsia)

SINGAPORE: The Ministry of National Development (MND) said the recent property cooling measures are still necessary and relevant to avoid a major price correction when economic conditions change.

Even though housing demand and price growth have eased, MND noted market activity remains robust and prices continue to rise.

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Philippines Property Prices Up (NuWire Investor)

PHILIPPINES: The Philippine property market remains vibrant, with strong economic, growth boosted by robust domestic consumption and increases in government spending.

During the year to end-Q2 2013, the average price of a luxury 3-bedroom condominium in Makati CBD soared by 12.92% (9.98% inflation-adjusted) to PHP128,730 (US$2,938) per square metre (sq. m.), higher than the annual rises of 5.6% in Q1 2013, 8% in Q4 and 8.3% in Q3 2012, according to Colliers International.

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Market Roundup (Property Report)

Featured Video

SM apologizes for Mall of Asia ceiling accident that injured boy (GMA News)

The management of SM Supermalls on Monday apologized for an accident at the Mall of Asia that injured an 11-year-old boy on Sunday.

In a post on its Twitter account, SM Supermalls said a part of the South Arcade ceiling of the SM Mall of Asia was damaged by rain and strong wind Sunday.

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