Private home prices in Singapore in the first quarter fell 1.2 per cent from the previous quarter amid the COVID-19 outbreak, according to flash estimates released by the Urban Redevelopment Authority (URA) on Wednesday (Apr 1). This reverses the 0.5 per cent increase seen in the October to December period, and is also the first quarterly decline after three consecutive quarterly increases. The...
Resale prices in the public housing market held steady in the first quarter of 2020 amid the COVID-19 outbreak, a contrast to the decline in the private property sector. The resale price index was 131.5, unchanged from the fourth quarter of last year, according to flash estimates released by the Housing & Development Board (HDB) on Wednesday (Apr 1). This compares with two consecutive quarters of...
Sales of new private homes rose in February despite the COVID-19 outbreak. Developers sold 975 homes – excluding executive condominiums – last month, 57.3 per cent higher than the 620 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Mar 16). This was also 114.3 per cent more than the 455 units sold over the same period last year, making it the...
Rents and volumes of non-landed private homes and HDB flats rose in the month of February, according to flash estimates from real estate portal SRX Property. Condominium rents rose 0.1 per cent from January and are up 3.3 per cent year-on-year. Month-on-month, rents in the core central region (CCR) rose 0.9 per cent, rest of central region (RCR) rents decreased 0.4 per cent and rents from the outside...
Public housing will become more affordable and easier to apply for, with new housing support announced by National Development Minister Lawrence Wong on Wednesday (Mar 4). Speaking during his Committee of Supply speech, Mr Wong also said that the Housing & Development Board (HDB) will scrap the standalone Re-Offer of Balance Flats (ROF) exercise, with immediate effect. Instead, unselected Sales of...
A new co-working space to help local companies innovate and develop products will be launched in the Jurong Innovation District (JID), announced Senior Minister of State for Trade and Industry Koh Poh Koon on Tuesday (Mar 3). The SIMTech Innovation Factory – an initiative by the Agency for Science, Technology and Research (A*STAR) in partnership with Enterprise Singapore – will be operationally...
Property buyers in Singapore continue to plonk down serious money for new private homes despite worries over the ongoing Covid-19 outbreak. Luxus Hills announced over the weekend that it was completely sold out, while buyers also snapped up another 32 units at The M. Consultants said the two projects have done well for specific reasons like incentives offered and competitive pricing; it also reflects...
Land tenders for three 99-year leasehold housing sites comprising two adjoining private housing sites in Canberra Drive in Singapore's north and an executive condominium or EC site along Fernvale Lane in the Sengkang area closed on Tuesday. Canberra Drive (Parcel A) drew five bids, with the highest offer of nearly S$129.20 million or about S$644 per square foot per plot ratio (psf ppr) from Oasis...
A portfolio of three conservation shophouses and a terrace house located within Districts 1 & 2 is now up for sale in the market, at a guide price of about S$38.4 million, Knight Frank Singapore said in a media statement on Monday. The properties can be purchased either individually or as a portfolio. The commercial shophouses are located within District 1 at Ann Siang Road, and District 2 at Keong...
The 11th floor of Samsung Hub has transacted for nearly S$50 million or S$3,800 per square foot (psf) on a strata area of about 13,100 sq ft. This is the highest psf price achieved for an office floor in the 999-year leasehold building in the Raffles Place financial district, exceeding the previous high of S$3,550 psf set in 2018 for the 20th floor. In the latest deal, a South Korean high net worth...
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