https://padlet.com/s10185462/nxsx86ev0mlw miec padlet wall on private housing en-us 2019-05-13 15:43:29 UTC 2026-01-14 20:39:52 UTC hello@padlet.com https://imgglb.padletcdn.com/v13/image?t=g_auto&url=https%3A%2F%2Fpadlet.net%2Ficons%2Fpng%2F1f3da.png s10194710 https://padlet.com/s10185462/nxsx86ev0mlw/wish/360664251 The sales of private houses fell by 30% in march which was originally 1054 to 735 in april causing big pullbacks in launches of private houses.
The demand of houses has fallen which caused the sales of houses to have such a drastic change. In the current society, there are more BTO'S which are build specifically to cater for Singapore's increasing population which lowers the demand for private houses. As Singapore grows as a country, the cost of living increases and it becomes increasingly harder for citizens to afford houses. As such more middle class Singaporean's will resort to staying in HDB's and less in private houses or condominiums.]]> 2019-05-16 07:22:56 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/360664251 nmk https://padlet.com/s10185462/nxsx86ev0mlw/wish/361400172 1. You guys are probably still in the exploratory stage, as you need to decide soon which good/service your project will focus on as I see butter and margarine, Honestbee delivery services and private housing on your wall. You would need to select one good/service. Please refer to the project instructions in MeL.
2. Please list the names of all group members in your header. ]]> 2019-05-18 15:38:46 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/361400172 s10196134 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370016088 New private home sales jump 47% in March as developers roll out multiple projects. The article states "While there was keen interest among well-heeled buyers in the ultra-luxurious segment, as seen in Boulevard 88, the majority of buyers remain price sensitive, with 79 per cent buying homes priced at S$1.5 million and below last month." This suggests that even though buyers are willing to buy private houses, the houses that they buy are also largely dependent by its price. Therefore, this means that the demand of the private houses are price elastic as if the prices were to drop, there would be a bigger increase in sales of these houses. 

The article also states that "despite last July's cooling measures and a challenging market, projects that are more realistically priced and affordable are likely to sell better" This supports the conclusion that the demand of private houses are price elastic as Mr Ong Teck Hui, senior director of research and consultancy at JLL reiterates that private houses with prices that are more within buyers' budgets will be likely to sell better. ]]> 2019-07-03 00:42:39 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370016088 s10193258 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370493360 Due to a price increase of apartments and condominiums in Singapore's city center and and city fringe, the private property price index has risen by 1.3% compared to the previous quarter of a decrease in 0.7%. This happened in the first half of 2019. 

There was an increase in prices of non-landed private residential properties by 1.5% in the Core Central Region (CCR) compared to the 3% fall in the previous quarter. According to OrangeTee & Tie's head of research and consultancy Christine Sun analysis of Realis data, 69 units were sold above $3,000 psf last quarter as opposed to the 45 units sold in the previous quarter.

As for the Rest of Central Region (RCR), prices rose by 3 per cent after registering a decline of 0.7 per cent in the previous quarter.
There were 367 new homes in RCR that were sold at $2,000 per square foot (psf) and above in the second quarter of 2019. In comparison, 31 units were sold in the first quarter of 2019.

Prices in the Outside Central Region (OCR) also increased by 0.5 per cent, following the last quarter's 0.2 per cent increase.]]> 2019-07-08 08:34:05 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370493360 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370493834 2019-07-08 08:40:18 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370493834 s10194717 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370589350 The article states "JLL's senior director of research and consultancy Ong Teck Hui said: The key observation from the second quarter 2019 flash estimates is the firms' demand for new high-end homes in CCR as well as attractive locations in RCR in spite of the cooling measures, which do not seem to deter buyers who are keen on such properties." 

This suggests that the demand of new high-end homes in CCR as well as attractive locations in RCR are price inelastic as buyers are not afraid of the high prices labelled on these properties. They are willing to pay for them. ]]> 2019-07-09 05:01:36 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370589350 s10194717 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370591529 The article states "JLL's senior director of research and consultancy Ong Teck Hui said: "The key observation from the second quarter 2019 flash estimates is the firm demand for new high-end homes in CCR as well as attractive locations in RCR in spite of the cooling measures, which do not seem to deter buyers who are keen on such properties."  

This suggests that there is high demand for such properties as buyers are not intimidated by the prices are looking out for such properties to acquire. 
The non-price determinants of demand in play is taste and preferences as such properties are highly wanted by buyers which leads to a higher demand in them.

As such, comparing the first half of this year and the first half of last year and pointed out that there was an increase in new home sales and were fairly stable at 3,874 units in H1 2019, versus 3,688 units in H1 2018,

However, there is a decrease in the resale volume from 7146 units to 3266 units from the first half of 2018 to the first half of 2019 as buyers are more keen on buying new houses.]]> 2019-07-09 05:32:21 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370591529 s10194717 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370593152 Demand for new houses]]> 2019-07-09 05:57:40 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370593152 s10194717 https://padlet.com/s10185462/nxsx86ev0mlw/wish/370594531 2019-07-09 06:15:19 UTC https://padlet.com/s10185462/nxsx86ev0mlw/wish/370594531