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Experts see a shift from mass market sector, say big jumps in prices unlikely After the unexpected mid-recession housing boom last year, all eyes are now on whether the property market will continue to sprint ahead or if it will finally stop for a breather. The answer, according to property consultants, is a bit of both. While the [...] The luxury housing sector is expected to lead the way for the Singapore property market this year, according to real estate broker Savills. Savills is forecasting that prices in the luxury segment will rise 15 per cent in the year ahead. However, prices in the mass market and mid-end properties could see values move up by about [...] 5-10% rise seen in high-end residential prices; slight drop expected in the number of GCB transactions PRICES of luxury and high-end homes in Singapore started inching up in 2009, but analysts and developers here are confident that there is room for further growth. Developers here are unanimous in agreeing that mid to high-end residential prices will climb [...] Analysts forecast a smaller drop in prime retail rents by end-2009 The retail sector – the most resilient segment of the local property market in 2009 – should hold up in 2010 as well. Most analysts expect prime retail rents to end 2009 down 3-6 per cent – a much smaller drop than they predicted a year [...] Mass-market sales may ease, focus is on high-end homes Markets are stabilising and developers here are ready to roll out pricey homes. Industry watchers are keeping their fingers tightly crossed for the high-end residential sector, which could see more launches next year if economies sail smoothly towards recovery. According to Colliers International estimates, 10,671 private homes are [...] |
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