The New Year's Eve countdown is done, but the clock continues to tick for en bloc candidates as they race against a cooling market and various deadlines governing collective sales. The pressure has even led some projects to raise their asking price to persuade owners to come on board - which fly in the face of potential buyers' increasing aversion to mega tabs. Among them is the Dairy Farm estate,...
General
The number of Housing Board flats that changed hands in December 2018 was 23.9 per cent lower than in November, a bigger fall than a year ago, according to flash data from real estate portal SRX on Thursday. This was the fifth straight month of decline in volume of sales since July’s cooling measures which included a tightening of loan limits. While December is typically the slowest month of the...
Cavenagh Gardens is the latest development in Singapore hoping for another chance at an en bloc sale in 2019, and owners are not budging from their first attempt's reserve price of S$480 million. That translates to a land rate of S$1,695 per square foot per plot ratio (psf ppr) inclusive of an estimated state land premium of S$18.4 million to purchase some 11,800 sq ft of state land, or S$1,541 psf ppr...
Private home prices may have risen by close to 8 per cent last year according to flash estimates from the Urban Redevelopment Authority (URA), but analysts say that this increase will not be sustained in 2019. Private home prices in Singapore rose 7.9 per cent in 2018, said the URA on Wednesday (Jan 2), a 6.8 percentage point increase from the year before. However, the growth appeared to have slowed...
Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent rise the year before, according to flash estimates from the Urban Redevelopment Authority (URA) on Wednesday (Jan 2). However, the rise appeared to have slowed significantly after the Government introduced more measures in July to cool the red-hot market. Private home prices slowed to a 0.5 per cent increase in...
Prices of resale flats in Singapore fell 0.9 per cent in 2018 compared to the year before, flash estimates released by the Housing and Development Board (HDB) on Wednesday (Jan 2) showed. In the fourth quarter of 2018 alone, prices fell an estimated 0.2 per cent, according to HDB’s resale price index. The index, which provides information on the general price movements in the resale public housing...
Prices of completed private apartments and condominiums in Singapore fell again by 0.4 per cent in November from the previous month, after a 0.6 per cent month-on-month decline in October. This is according to the National University of Singapore's (NUS) flash estimates released on Friday for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. The...
Prices of completed private apartments and condominiums in Singapore fell again by 0.4 per cent in November from the previous month, after a 0.6 per cent month-on-month decline in October. This is according to the National University of Singapore's (NUS) flash estimates released on Friday for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. The...
The Singapore government on Friday said that it has launched five sites in the confirmed list and seven sites in the reserve list under the Industrial Government Land Sales (IGLS) programme for the first half of 2019, with a total site area of 11.86 hectares (ha). This is down from six confirmed list sites and seven reserve list sites, with a total site area of 12.59 ha, for the second half of...
The outlook for the private residential leasing market looks promising in 2019, with rent and occupancy rates likely to improve as supply eases and demand continues to be supported by displaced owners. According to data from the Urban Redevelopment Authority (URA), a total of 10,119 private residential units are slated for completion in 2019, higher than the 7,898 units that could be completed this...