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FLIGHT INFORMATION CURRENCY CONVERTER
URA releases 2nd Quarter statistics continued
Continued from FrontPage
Supply in the Pipeline
The number of private residential units under construction
decreased by 6.5%
to 26,457 units as at the end of 2nd Quarter 2000.
The number of
uncompleted private residential units with sale licences and
building plan approvals (pre-requisite conditions for sale of units)
decreased
by 14.2% to 22,130 units as at the end of 2nd Quarter 2000. Of
these, 8,240
units had been sold. The remaining 13,890 units which have yet to be sold
comprised 3,039 units which had been launched for sale and 10,851 units
which had not been launched yet.
A total of 1,302
uncompleted private residential units were launched for sale
in the 2nd Quarter 2000, 27.5% lower than the 1,796 units launched in the
previous quarter. Major residential projects launched in the quarter
included
Hillington Green at Hillview Avenue (240 of the total 480 units) and
Yishun
Sapphire at Yishun Avenue 2/7 (212 of a total of 380 units).
During the 2nd Quarter 2000, 850 uncompleted private residential
units were
sold by developers, 25.0% lower than the 1,133 units sold in the previous
quarter. Another 204 units of completed private residential
properties were
sold in the quarter.
Supply and Demand of Completed Units
A total of 4,862
private residential units were completed (granted TOP) in
the 2nd Quarter 2000. Major residential projects completed in the
quarter
included Palm Gardens at Hong San Walk (694 units), The Mayfair at Jurong
East Street 32 (452 units) and Glendale Park at Hillview Avenue (448
units).
The vacancy rate of
completed private residential units as at the end of 2nd
Quarter 2000 was 9.1%, compared with 8.5% as at the end of the previous
quarter.
EXECUTIVE CONDOMINIUMS
As at the end of 2nd
Quarter 2000, there were 3,314 units of uncompleted
executive condominiums with sale licences and building plan approvals.
Of
these, 2,676 units had been sold. The remaining 638 units had yet to
be sold.
OFFICE SPACE
Prices of office space
rose 11.5% in the 2nd Quarter 2000, compared with the
increase of 6.1% in the previous quarter. Office space under
construction decreased by 13.9% to 802,000 sq m (gross) as at the end of
2nd Quarter 2000. The stock of completed office space (with TOP) increased
by 117,000 sq m to 6.03 million sq m (nett) as at the end of 2nd Quarter
2000. A significant
portion of the new supply in 2nd Quarter 2000 came from the completion of
Capital Tower at Robinson Road (66,900 sq m) and The JTC Summit at Jurong
Town Hall Road (36,700 sq m).
Vacant office space increased by 27,000 sq m in the 2nd Quarter
2000. As a
result, the vacancy rate of office space rose 0.2 percentage point to
13.3% as
at the end of 2nd Quarter 2000.
SHOP SPACE
Prices of shop space
rose 6.8% in the 2nd Quarter 2000, compared with the
2.1% increase in the previous quarter. Shop space under construction
increased by 0.8% to 122,000 sq m (gross) as at the end of 2nd Quarter
2000. The stock of completed shop space (with TOP) increased by 20,000 sq
m in the 2nd Quarter 2000 to 3.155 million sq m (nett). Vacant shop
space increased by 17,000 sq m. As a result, the vacancy rate of
shop space rose 0.5 percentage point to 9.1% as at the end of 2nd Quarter
2000.
INDUSTRIAL SPACE
Prices of industrial
space rose 10.3% in the 2nd Quarter 2000, compared with
the 1.2% rise in the previous quarter. Prices of multiple-user factory
space
rose 11.2%, while those of multiple-user warehouse space rose 6.1%.
Factory space under construction increased marginally to 3.234 million sq
m (gross) in the 2nd Quarter 2000.
The stock of completed
factory space (with TOP) increased by 129,000 sq m to 23.649 million sq m
(nett) as at the end of 2nd Quarter 2000. Vacant factory
space decreased by 147,000 sq m (nett) in the 2nd Quarter 2000. As a
result,
the vacancy rate of factory space fell 0.7 percentage point to 10.0% as at
the
end of 2nd Quarter 2000.
URA's REAL ESTATE PUBLICATIONS
More detailed
information on the price and rental indices, supply in the
pipeline, stock and vacancy position of the various properties can be
found in
the 2nd Quarter 2000 issue of URA,s Property Market Information
Publications on Private Residential Properties, Commercial &
Industrial Properties and Details of Projects Under Development
These publications will
be available for sale at $45 per copy, inclusive of
GST, at The URA Centre, 45 Maxwell Road Singapore 069118 and myepb
bookstore at 3 Temasek Boulevard, #B1-025 Suntec City Mall (from 31 July
2000).
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