Post on 29-May-2018
8/9/2019 Residential 2Q 2010 (Aug 2010)
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Residential SectorResidential SectorCautiously OptimisticCautiously Optimistic
Aug 2010
8/9/2019 Residential 2Q 2010 (Aug 2010)
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1. Recap for1Q 2010
2. 2Q 2010 Review
3. 2H 2010 Outlook
Outline of Presentation
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Residential Sector Recap for 1Q 2010
Frenzy Despite Cooling Measures
Developers Sale Volume
Posted a strong 135% QoQ rebound to 4,380
units in 1Q 2010.
Private Home Price
Rose 5.6% QoQ, slower than 4Q 2009s 7.4%
Private Home Rents
Rose 4.7% QoQ, faster than 4Q 2009s 0.6%
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Source: Colliers International Singapore Research / URA
Quarterly Sales Volume Held Steady
Residential Sector 2Q 2010 Review
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
1Q0
4
2Q0
4
3Q0
4
4Q0
4
1Q0
5
2Q0
5
3Q0
5
4Q0
5
1Q0
6
2Q0
6
3Q0
6
4Q0
6
1Q0
7
2Q0
7
3Q0
7
4Q0
7
1Q0
8
2Q0
8
3Q0
8
4Q0
8
1Q0
9
2Q0
9
3Q0
9
4Q0
9
1Q1
0
2Q1
0
Number
fTr
t
Pri ry Sal Secondary Sales Total Transactions
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Sourc
e:
ColliersIn
te
rnation
al
Sin
gaporeR
esearch
/URA
Mo
nthlySalesVo
lumeStarted
toModeratein
Mayan
Resid
en
tial
Sector
0
500
1,
000
1,
500
2,
000
2,
500
3,
000
Jun-07Jul-07
Aug-07Sep-07Oct-07Nov-07Dec-07Jan-08Feb-08
Mar-08Apr-08May-08Jun-08Jul-08
Aug-08Sep-08Oct-08Nov-08
Dec-08Jan-09Feb-09Mar-09Apr-09May-09Jun-09Jul-09
Aug-09Sep-09
Oct-09Nov-09Dec-09Jan-10F b 10
No.ofNew U i Sol
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Source: Colliers International Singapore Research / URA
Sub-sale Activity Remained Subdued
Residential Sector 2Q 2010 Review
0
500
1,000
1,500
2,000
2,500
1Q0
4
2Q0
4
3Q0
4
4Q0
4
1Q0
5
2Q0
5
3Q0
5
4Q0
5
1Q0
6
2Q0
6
3Q0
6
4Q0
6
1Q0
7
2Q0
7
3Q0
7
4Q0
7
1Q0
8
2Q0
8
3Q0
8
4Q0
8
1Q0
9
2Q0
9
3Q0
9
4Q0
9
1Q1
0
2Q1
0
Nu
m
er
ubsale
rans
actins
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Pe
rcentage
tal
rans
actins
Numbe of ubsa e T nsa t ons Pe ent geof ubsa e to Tot
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Source: Colliers International Singapore Research / URA
Supply Exceeded Demand; Occupancy Eased o 94.6%
Residential Sector 2Q 2010 Review
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
1H1
0
2
09
3
09
4
09
1
10
2
10
Isl i eNet New Demand, S l and ancy Rate
Net
New
S
ly&D
emand(
nits)
84%
86%
88%
90%
92%
94%
96%
98%
100%
Occ
pancyRate
Net New S ly Net New Demand Occ ancy Rate
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Source: URA
Price Index Surpassed Historical Peak Despite Moderated Gain;
Rental Growth Accelerated to 5.9%QoQ
Residential Sector 2Q 2010 Review
77.5181.4 184.2
Price Index
Rental Index
70
80
90
100
110
120
130
140
150
160
170
180
190
200
1Q9
5
3Q9
5
1Q9
6
3Q9
6
1Q9
7
3Q9
7
1Q9
8
3Q9
8
1Q9
9
3Q9
9
1Q0
0
3Q0
0
1Q0
1
3Q0
1
1Q0
2
3Q0
2
1Q0
3
3Q0
3
1Q0
4
3Q0
4
1Q0
5
3Q0
5
1Q0
6
3Q0
6
1Q0
7
3Q0
7
1Q0
8
3Q0
8
1Q0
9
3Q0
9
1Q1
0
Index
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Residential Sector 2H 2010 Outlook
Outlook : Cautiously Optimistic
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Record Economic Growth Will Keep Market Sentiment High
Residential Sector 2H 2010 Outlook
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IRs Will Continue o Boost Investors Confidence
Residential Sector 2H 2010 Outlook
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Ramped-up Housing Supply to Ease Price Hike
Source: URA/ HDB
Residential Sector 2H 2010 Outlook
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Moderate Price and Rental Growth Foreseen
Developers Sale
800- to 1,000- unit per month on average
Private Home Prices
High and Mid-Tier : Up another 5% to 10%
Mass-market : Up another 5%
Private Home Rents
Up another 5% for all market segments
Residential Sector 2H 2010 Outlook
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