1H 2016 Singapore Property Market Review

Properties that might be affected by the Qualifying Certificate (QC) extension fees

	Condo	D	Total Units	Units Unsold	% Unsold	TOP	Deadline to Sell
	OUE Twin Peaks	9	462	392	84.8%	2015	Feb-17
	Nouvel 18	10	156	156	100%	2014	Nov-16
	Leedon Residence	10	381	158	37.8%	2015	Jun-17
	Twentyone Angulia Park	9	54	45	83.3%	2014	Apr-16
	Le Nouvel Ardmore	10	43	39	90.7%	2014	Apr-16
	Ardmore 3	10	84	80	95.2%	2015	Dec-16
	D’Leedon	10	1715	193	11.3%	2014	Oct-16
	The Interlace	4	1040	179	17.2%	2013	Sep-15
	iLiv @ Grange	10	30	30	100%	2013	Oct-15
	Goodwood Residence	10	210	37	17.6%	2013	Jun-15
	Starlight Suites	9	105	31	29.5%	2015	May-16
	Waterscape at Cavenagh	9	200	51	25.5%	2014	Sep-16
	Tomlinson Heights	10	70	36	51.4%	2014	Mar-16
	Lincoln Suites	11	175	11	6.3%	2014	Apr-16
	Cityscape @ Farrer Park	8	250	25	10%	2015	Oct-16

Developers will have to pay QC extension fees yearly if all units are not sold within two years of completion. To avoid this charge, some developers might offer price discounts on unsold units

Rental PSF Price Change

Rental Volume by number of bedrooms

Rental prices have declined, 2 and 3 bedroom units have the highest rental liquidity

Rental Volume by district (2016)

Rental demand continues to grow, volume is up 5.3%

Rental Price change by district for 1-bedroom condos (1H 2015 VS 1H 2016)

Median rental prices for 1-bedroom units in most districts have fallen, with the exception of some districts

See Appendix for price trend of other unit types

Rental Price change by district for 3-bedroom condos (1H 2015 VS 1H 2016)

For 3 bedroom units, median rental prices have fallen across all districts

See Appendix for price trend of other unit types

Top 10 properties with high rental liquidity

Investors may take comfort in some of these properties which still offer high rental yield