Media Quotes
2024
About 65 per cent of respondents who are senior executives in the real estate industry felt that there is an oversupply of real estate salespersons in the market..
The Business Times, 20 Mar 2024
Sentiment in Singapore’s property market picked up in 4Q2023 as markets anticipate the US Federal Reserve will cut interest rates later this year.
EdgeProp, 20 Mar 2024
Property sentiment in Singapore appeared to have revived in the final quarter of last year on expectations of interest-rate cuts and optimism over economic growth.
The Business Times, 19 Mar 2024
Both the HDB resale market and private property softened last year. The growth rate of prices decelerated while transaction volumes took a dip. Will these phenomena persist in 2024? Prof Qian shares her views with Channel 8 News.
Channel 8 News, 29 Jan 2024
Are the younger generation borrowing more than they can handle. Prof Qian shares her views with Channel 8 News.
Channel 8 News, 20 Jan 2024
2023
Professor Qian Wenlan shares her views on how households are coping with rising inflation and increasing costs of living.
The Straits Times, 11 Dec 2023
4月份降温措施出台后，市场可能出现反射反应，但事实上非有地私宅价格实际上出现上涨趋势。
新加坡国立大学房地产与城市研究院（IREUS）发表的数据显示，5月份非有地私宅整体转售价格指数环比上涨0.2％，6月份则环比下跌0.6％；7月份预估环比回升1％。
Lianhe Zaobao, 2 Sep 2023
Professor Qian Wenlan shares her views on the new housing policies announced by Prime Minister Lee Hsien Loong at the National Day Rally 2023.
Channel 8 News, 22 Aug 2023
Following Prime Minister Lee Hsien Loong’s National Day Message, Prof Qian shares her views on potential housing policy changes.
CNA, 11 Aug 2023
Will escalating private home prices cause further divergence in the private and public housing markets? Prof Qian shares her views with CNA.
CNA, 22 July 2023
As urbanisation becomes more uniform islandwide, is the distinction between mature and non-mature HDB estates still relevant? Prof Qian shares her views with CNA.
CNA, 28 Jun 2023
Amid a bullish property market, landed property rents gained further momentum. Professor Qian Wenlan attributes this to the supply inelasticity of landed property.
CNA, 1 Jun 2023
Foreigners appear willing to pay more for their properties and this price premium may be one reason driving up prices, said Professor Qian Wenlan of the Institute of Real Estate and Urban Studies.
CNA, 28 April 2023
Despite rising interest rates and potential recession, developers here in Singapore are nonetheless anticipated to launch more units in 2023.
South China Morning Post, 4 Mar 2023
As China reverses its zero-Covid policy, Chinese home buyers are once again expected to return in strength to Singapore. Will they start snapping up properties and drive up prices further?
Channel NewsAsia, 23 Feb 2023
买方印花税调高似乎没有冲淡私宅买气，新税率生效后首个开放预览的私宅项目万景轩（The Botany at Dairy Farm）在星期六（2月18日）吸引上千人到展示厅参观。新加坡国立大学房地产与城市研究院院长钱文澜教授提醒潜在买家继续关注高利率风险。
Lianhe Zaobao, 19 Feb 2023
After a persistent uptrend of more than two years, private home and resale HDB prices have showed signs of softening in 4Q 2023. Among other factors, Professor Qian Wenlan attributes the phenomenon to rising interest rates and construction costs.
Channel NewsAsia, 27 Jan 2023
2022
新加坡国立大学城市与房地产研究院院长钱文澜说，组屋买家如今的考量比过去复杂得多，横跨多维度。虽然市镇分类不可能细致到涵盖所有考量，但她建议以地理位置为主要分类标准，因为地点往往是人们购屋的首要考量。
Lianhe Zaobao, 27 Dec 2022
新加坡国立大学城市与房地产研究院院长程天富说，政府秉持着居者有其屋的理念，预料将根据房型增加相应津贴数额，或为黄金地段组屋较低收入买家提供援助。
Lianhe Zaobao, 18 Nov 2022
Prices of BTO flats in mature estates are rising faster than their counterparts in non-mature estates. Prof Sing shares his insights on this phenomenon.
The Straits Times, 9 Nov 2022
本地楼市继续火热，发展商求地若渴，但过去两年备售名单地段提供25次勾地机会，只有一幅地段成功被勾出。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时对此发表了看法。
Lianhe Zaobao, 7 Nov 2022
考虑到建屋发展局将在未来几年内推出更多新组屋，当局的赤字预计会继续扩大。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时对此发表了看法。
Lianhe Zaobao, 1 Nov 2022
女皇镇社区关爱组屋的地点优越、附近设施完善，房地产分析师因此预计，无论是申购率或售价都会略高于去年在武吉巴督推出的首个同类项目。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时对此发表了看法。
Lianhe Zaobao, 28 Oct 2022
Long waits to secure BTO flats — where the suggestion by one’s partner to jointly apply for a unit has become a proxy for a uniquely Singapore marriage proposal — and higher prices in the property market have thrown the whole system under the spotlight recently. Professor Sing Tien Foo and associate professor Lee Kwan Ok share their views.
TODAY online, 22 Oct 2022
Recent measures in Singapore aim to slow pace of price increase for resale HDB flats, reduce competition from private homeowners. Hong Kong government has not eased cooling measures despite slight drop in prices, concerns homeowners will be pushed into negative equity. Professor Sing Tien Foo share his views.
South China Morning Post, 16 Oct 2022
私宅价格不断攀升，组屋提升者占私宅交易的比率在今年第一季达到最高水平后，近两季持续减少。新降温措施的出台，将导致组屋提升者比率进一步下跌。新加坡国立大学城市与地产研究院院长程天富教授为此发表自己的看法。
Lianhe Zaobao, 4 Oct 2022
More million-dollar flats have changed hands over the first nine months of 2022, compared to the whole of last year. While this year looks set to be yet another record year, Professor Sing Tien Foo urges caution as banks may raise mortgage rates in response to the US Fed’s latest rate hike.
The Straits Times, 25 Sep 2022
新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时指出，买家对降温措施的担忧会带来羊群效应，这是不好的现象。人们必须根据自己的经济能力和财务状况来衡量，要避免情绪化的购买行为。
Lianhe Zaobao, 9 September 2022
尽管房贷利率上扬，市场对买房的需求依然强劲。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时认为，利率上扬会不会影响下来即将推出的新私宅项目的表现，将取决于项目价格以及买家的潜在需求。
Lianhe Zaobao, 7 September 2022
列为国家古迹的旧丹戎巴葛火车站将展开修复工作，工程预计2026年竣工。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时认为，由于要保存建筑结构，火车站可使用的空间受限，在修复后或可作为博物馆、社区空间等。
Lianhe Zaobao, 29 August 2022
从8月30日的预购组屋销售活动开始，保留给首次申购家庭的非成熟市镇三房式预购单位，从原本的至少70%调高到至少85%；四房式和更大单位从目前的至少85%调高到至少95%；给非年长单身者的二方式灵活单位配额，也从目前的50%提高至65%。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时对此发表看法。
Lianhe Zaobao, 28 August 2022
总理公署部长兼财政部和国家发展部第二部长英兰妮说，政府会继续密切关注房价走势，并在必要时采取措施保持房价稳定，让新加坡人负担得起住房。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时认为，私宅价格高于经济面的风险依然存在，而且比以往更加严峻。
Lianhe Zaobao, 26 August 2022
李显龙总理星期天(8月21日)在群众大会上说，巴耶利峇空军基地原址预计可兴建约15万个住宅单位，也会增建休闲空间等设施。新加坡国立大学城市与房地产研究院院长程天富教授接受联合早报访问时对此发表了看法。
Lianhe Zaobao, 23 August 2022
对于转售私宅价格接下来的走势，分析师看法不一。新加坡国立大学房地产与城市研究院院长程天富教授接受《联合早报》访问时表达不同观点，转售量下滑是需求减弱的早期信号，预期新私宅和转售私宅价格未来几个月会走软。
Lianhe Zaobao, 11 August 2022
新加坡国立大学房地产与城市研究院院长程天富教授接受《联合早报》访问时说，在巴耶利峇空军基地搬迁和取消飞行路线限制后，中央商业区可出现高于300米的摩天大楼。
Lianhe Zaobao, 7 August 2022
若是根据房价收入比（price to income ratio，简称PIR）来看，本地预购组屋售价是在合理范围的。新加坡国立大学房地产与城市研究院院长程天富教授接受联合早报访问时指出，多数国人居住的组屋仍处于可负担范围，即PIR低于5。
Lianhe Zaobao, 2 August 2022
大巴窑5巷两座租赁组屋将让路给未来住宅发展，约400名受影响租户去年已获知最迟须在明年2月15日前搬迁。受访房地产分析师都看好这个地段地点优越，有潜力发展新的预购组屋项目。程天富教授认为，若这个地段重新发展，可建造楼层较高的预购组屋项目，以容纳更多住户，让更多人能住在成熟市镇。
Lianhe Zaobao, 1 August 2022
With a confluence of factors, including hybrid work and decentralisation of the CBD, suburban malls are anticipated to enjoy better catchment and therefore lead the way in rental recovery. Professor Sing Tien Foo adds that it is also part of retailers' strategy to diversify their risks as business in the Orchard Road shopping belt is highly dependent on tourists.
The Straits Times, 31 July 2022
宏茂桥新私宅项目AMO Residence开盘首天，372个单位卖出超过98%。新加坡国立大学房地产与城市研究院院长程天富教授接受《联合早报》访问，对此发表自己的看法。
Lianhe Zaobao, 24 July 2022
新加坡东部的樟宜湾海域将展开填海工程，填海面积约900公顷。在樟宜湾展开填海工程是为了应付我国未来的土地使用需求，目前仍在探讨填海地段的具体用途。新加坡国立大学房地产与城市研究院院长程天富教授接受《联合早报》访问，对此发表自己的看法。
Lianhe Zaobao, 23 July 2022
新加坡国立大学房地产与城市研究院副院长李乃佳博士接受《联合早报》采访时说，这可能是一个严重事态，很多人或许已过度借贷。
Lianhe Zaobao, 23 July 2022
Amid global uncertainties, stakeholders in real estate are turning cautious as the Composite Real Estate Sentiment Index (RESI) decreased from 6.1 in 1Q 2022 to 5.7 in 2Q 2022. Developers nonetheless remain optimistic about residential sales.
The Business Times, 20 July 2022
Though the Government has launched 50-year-lease flats so that affected residents of the Ang Mo Kio SERS need not top up for similar replacement flats, many have still expressed preference for the full 99-year units. Prof Sing Tien Foo and Dr Lee Nai Jia share their views.
The Straits Times, 17 July 2022
With tourist arrivals exceeding 700,000 in Q2 2022, the retail sector here has rebounded substantially since the early pandemic days. But risks still remain as a potential recession looms and Chinese visitors remain muted. Dr Lee Nai Jia shares his insights..
The Business Times, 14 July 2022
With tourist arrivals exceeding 700,000 in Q2 2022, the retail sector here has rebounded substantially since the early pandemic days. But risks still remain as a potential recession looms and Chinese visitors remain muted. Dr Lee Nai Jia shares his insights..
The Business Times, 14 July 2022
The double whammy of rising interest rates and expensive property prices put homebuyers in a bind. Where is the tipping point that will push buyers out of the private residential market? Dr Lee Nai Jia shares his analysis .
The Business Times, 11 July 2022
Over the past economic slumps, office rents have outlasted their corresponding recessions and recovery had been relatively slower. Dr Lee Nai Jia explains the mechanics behind the phenomenon.
The Business Times, 30 Jun 2022
Residents affected by the government acquisitions of 9 flats in Marsiling are not expected to top up for replacement flats of the same type, unlike those in the Ang Mo Kio Sers. Professor Sing Tien Foo shares his views.
The Straits Times, 27 Jun 2022
Property slumps typically outlast their corresponding recessions. As banks raise interest rates to combat inflation, fears of a recession loom. How will the residential market be affected this time? Dr Lee Nai Jia shares his views.
The Business Times, 27 Jun 2022
While overseas-centric REITs pay higher dividend yields, they nonetheless trade at a discount on the Singapore stock market. Why are REITs with overseas assets underappreciated here? Get a detailed analysis in Professor Sing Tien Foo’s op-ed.
The Business Times, 17 Jun 2022
Are shorter leases for commercial land sites good or bad for industry stakeholders? While some analysts feel that capital values may be compromised, Professor Sing Tien Foo says that investors may need to focus on cash flow to generate investment yields, rather than capital gains.
The Straits Times, 10 Jun 2022
程天富教授受访时说，放眼未来数十年，人们不必担心没有足够的土地兴建房屋，但一些地区如巴耶利峇空军基地的发展项目是2030年后的事情，料不会对近期房价波动造成直接影响。
Lianhe Zaobao, 8 Jun 2022
The lifting of height restrictions around the air base will allow better optimisation of land and rejuvenate the surrounding areas. Prof Sing Tien Foo shares his views.
The Business Times, 7 Jun 2022
Elevated costs and dwindling supply are anticipated to bring private home prices to new highs, but buyer demand is a contributory factor also. Dr Lee Nai Jia shares his views.
The Business Times, 1 Jun 2022
Elevated costs and dwindling supply are anticipated to bring private home prices to new highs, but buyer demand is a contributory factor also. Dr Lee Nai Jia shares his views.
The Business Times, 1 Jun 2022
REITs are securities backed by income-producing real estate such as office, industrial, hospitality or retail assets. In this regard, REITs are barometers of their underlying assets, but are they the same? In their op-ed, senior adjunct research fellow David Dickinson and Professor Sing Tien Foo share their insights.
The Business Times, 30 May 2022
With landlords likely to raise rents to buffer their yields against inflation, while consumers cut back on discretionary spending, the retailer is caught in a bind. Dr Lee Nai Jia shares his views.
The Business Times, 27 May 2022
新加坡国立大学房地产与城市研究院院长程天富受访时说，扩建关卡对兀兰作为我国北部枢纽的发展有所帮助。随着交通系统改善、通关时间缩短，这将为经常往返新马两国的公众和业者带来便利。
Lianhe Zaobao, 27 May 2022
ABSD will now be levied on residential property transferred into living trusts with no identifiable beneficiary. However, the new rule is expected to affect only a minority and will not impact the market at large. Dr Lee Nai Jia shares his views.
Channel NewsAsia, 10 May 2022
As industry analysts weigh in on MOF's announcement to levy ABSD on property transfers into living trusts, Dr Lee Nai Jia says that the move also closes a loophole which could be exploited to delay the payment of ABSD for a long time.
The Business Times, 10 May 2022
From a relatively modest S$1.3 billion in 2020, sustainability linked loans jumped manifold to almost S$64 billion in 2021. Dr Lee Nai Jia explains that this type of debt financing need not be directly linked to green projects and therefore offers companies greater leeway.
The Business Times, 27 April 2022
新加坡国立大学房地产与城市研究院院长程天富接受《联合早报》访问时指出，私宅占本地住房总量的20%，若只用私宅平均价格计算，将无法反映出整体住房的可负担程度。
Lianhe Zaobao, 27 April 2022
IREUS director, Professor Sing Tien Foo says that shorter leases for commercial sites – recently announced at a URA dialogue – will accelerate workplace transformations and produce better buildings.
The Business Times, 21 April 2022
IREUS director, Professor Sing Tien Foo says that shorter leases for commercial sites – recently announced at a URA dialogue – will accelerate workplace transformations and produce better buildings.
The Business Times, 21 April 2022
An IREUS analysis finds that environmentally friendly properties tended to perform better during the global pandemic, with generally smaller drops in valuations when compared to buildings without green certification. Dr Lee Nai Jia shares his views.
The Business Times, 20 April 2022
新加坡国立大学房地产与城市研究院院长程天富认为，目前私宅价格可能已经超过了2013年的峰值，但与额外买方印花税相关的高成本，尤其是购买第二或第三套房产进行投资的买家，可能无法达到收支平衡来支付交易费用。不过，他们可能会将购买的部分股权（equity）套现，并降级为组屋来降低他们的敞口（expenses）和持有成本（holding costs），包括支付抵押贷款。鉴于预期的利率上升，一些人可能会考虑降级以降低私宅抵押贷款的融资成本。
Lianhe Zaobao, 18 April 2022
Data compiled by IREUS suggest that firms with a staunch commitment to ESG are not reaping the benefits of doing business responsibly. Much still needs to be done for ESG to go mainstream here, and Dr Lee Nai Jia shares his views.
The Business Times, 7 April 2022
Following the Government’s recent announcement to repurchase flats affected by the Ethnic Integration Policy (EIP), Professor Sing Tien Foo and other market experts weigh in on the issue.
The Straits Times, 26 March 2022
Further border reopening between Singapore and Malaysia anticipated to boost rents here. Dr Lee Nai Jia shares his views.
The Business Times, 25 March 2022
Victims falling prey to scammers posing as property agents have lost some $190,000 recently, according to The Straits Times. Dr Lee Nai Jia warns that the proliferation of fake listings can tarnish the credibility of property portals.
The Straits Times, 22 March 2022
国大房地产与城市研究院副院长李乃佳受访时指出，负债上升或反映买房交易增加，国人使用资产收益来买房。低利率环境和市场资金充裕或提振了家庭资产负债表。
Lianhe Zaobao, 23 March 2022
国大房地产与城市研究院院长程天富受访时说，许多受种族融合政策限制的单位长时间无法脱售，根本问题未必在于找不到少数种族买家，而是谈不拢价格。
Lianhe Zaobao, 10 March 2022
国大房地产与城市研究院副院长李乃佳受访时认为，房地产税提高可能引起投资者反射反应，冲击到高档私宅市场，但影响预料不会持久。
Lianhe Zaobao, 21 February 2022
While the composite sentiment index of the Real Estate Sentiment Index (RESI) slid for the fourth consecutive quarter, it nonetheless remained above 5, suggesting that the overall outlook on current and future conditions remained optimistic. Respondents however cite inflation and rising interest rates as top risks that may dampen the market.
The Business Times, 17 February 2022
Following the July 2018 cooling measures, commissions increased as sellers sought to incentivise agents to market their properties amid softened buyer demand. Will the latest round of property curbs drive agent commissions up again?
The Business Times, 17 February 2022
While a buoyant rental market might seem to be a good reason to buy residential property, investors need to consider other factors at play and also take a longer-term perspective. Dr Lee Nai Jia offers his insights.
The Business Times, 15 February 2022
Despite the cooling measures, a confluence of factors – including flats in much sought-after areas reaching MOP soon, delays in BTO projects and pricey private homes – could nonetheless continue to drive demand in the HDB resale market. Professor Sing Tien Foo shares his views.
The Straits Times, 15 January 2022
As buyers and sellers wait in anticipation in the wake of the property cooling measures, Professor Sing Tien Foo feels that demand in the HDB resale market is likely to remain healthy, and the gap between sellers' asking prices and what buyers are willing to pay is expected to narrow this year..
The Straits Times, 15 January 2022
As REITS-managed malls thrive and expand their footprint here in Singapore, strata-titled shopping centres find themselves being edged out. Professor Sing Tien Foo shares his views.
The Straits Times, 15 January 2022
As government credit support measures come to a close, and with interest rates anticipated to rise in the later half of 2022, auctions are anticipated to increase. Dr Lee Nai Jia shares his views.
The Business Times, 12 January 2022