Residential 2Q 2010 (Aug 2010)

8/9/2019 Residential 2Q 2010 (Aug 2010)

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Residential SectorResidential SectorCautiously OptimisticCautiously Optimistic

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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Sub-sale Activity Remained Subdued


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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Supply Exceeded Demand; Occupancy Eased o 94.6%


-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


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



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IRs Will Continue o Boost Investors Confidence



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Ramped-up Housing Supply to Ease Price Hike

Source: URA/ HDB



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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



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THANK YOTHANK YO

Residential 2Q 2010 (Aug 2010)

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