Singapore Property Market Overview – 1H 2016 Update
Prices and demand for new sale and resale
Volume of sale transactions by district (1H 2016)
*Refer to Appendices for name of districts
Buyer demand seem to have recovered, volume is up 12%
Demand for new sale vs. resale units
*Refer to Appendices for name of districts
For 1H 2016,volume is largely driven by new launch sale
Price change by district (1H 2016 vs 1H 2015)
For private non-landed residential properties between 500-1000 SQFT
Demand for 500-1000 sqft units are the highest; Median prices for most districts have increased vs 1H 2015
See Appendix for price trend of other unit types
Top 5 planning areas with highest growth in number of residents living in private non-landed homes
No. of households (2011 vs 2015)
Property purchases in many areas have been supported by real household demand
Between 2011 and 2015, many areas have seen HDB upgraders moving into condos and apartments.
There is no surprise that “heartlands” such as Yishun, Hougang, Sembawang, Pasir Ris and Sengkang have had HDB upgraders driving transaction volume and prices. The main question is whether such a trend can be sustained.
Planning areas with low private non-landed residential population
No. of households living in private non-landed properties (2015 vs Median for all planning areas)
Some areas will continue to have appetite for private properties
Despite the shift in recent years, some areas are still very much HDB centric and have low % private property resident households.
Across different areas in Singapore, the median is for 8% of households to be in private non-landed homes.
Sembawang, Sengkang & Yishun still have relatively low proportion of residents living in private properties but has seen significant increases