PropertyGuru

PropertyGuru Pte Ltd owns and operates a real estate property information website. The Company offers facilities to search for condominiums, apartments, Housing and Development Board (HDB) flats, serviced apartments, houses, and commercial properties to rent and buy in Singapore.

Asia's Leading Online Property Group

Asia's Leading Online Property Group, PropertyGuru

Bjorn Sprengers

Thematic (Sector/Industry)

Singapore Financials / Thematic (Sector/Industry)

<p>Since the implementation of TDSR we have seen seven consecutive quarters of decline in price for the condo market, which has been accompanied by sluggish sales volumes. However, the decline has not been uniform across the segments, with CCR feeling the initial brunt but now possibly showing early signs of stabilizing, while OCR&nbsp;seems to be catching up with the other two segments, in terms of price decline.</p><p>With no indication from the government of any reversal of the measures, the negative trend could continue.&nbsp;Based on high supply of upcoming new launches and prices stabilizing, we predict these trends for H2 2015:</p><ul><li>Volume: Decline further, with a possible rebound in 4Q, ending the year with 9,000 to 10,000 total transactions</li><li>Price: 5 %to 8% decline, more than that seen in 2014 (4.3%) to take prices back to 1Q11 levels</li><li>Likelihood of prices bottoming out by 3Q/4Q 2015</li></ul>

Since the implementation of TDSR we have seen seven consecutive quarters of decline in price for the condo market, which has been accompanied by sluggish sales volumes. However, the decline has not been uniform across the segments, with CCR feeling the initial brunt but now possibly showing early signs of stabilizing, while OCR&nbsp;seems to be catching up with the other two segments, in terms of price decline.With no indication from the government of any reversal of the measures, the negative trend could continue.&nbsp;Based on high supply of upcoming new launches and prices stabilizing, we predict these trends for H2 2015:Volume: Decline further, with a possible rebound in 4Q, ending the year with 9,000 to 10,000 total transactionsPrice: 5 %to 8% decline, more than that seen in 2014 (4.3%) to take prices back to 1Q11 levelsLikelihood of prices bottoming out by 3Q/4Q 2015

Pacific Century Regional Developments (PAC SP)

Maxi Cash Financial Services Corp (MCFS SP)

Reenova Investment Holding Limited (ISR SP)

FTSE Straits Times Index (STI) (STI INDEX)

Sabana Shari'ah Compliant Industrial REIT (SSREITR SP)

Sabana Shari'ah Compliant Industrial REIT

PropertyGuru's outlook for Singapore condo market