Sales of private homes by developers in Singapore rose 81.9 per cent in August from a year earlier, official data showed on Monday (Sep 16). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,122 units last month, compared with 617 units in the same month a year earlier. However, sales fell from the 1,179 units sold in the previous month. Analysts said sales momentum...
Rent of condominiums in Singapore inched up in July after two straight months of decline, while those of HDB flats held largely steady from June, according to monthly flash data from real estate portal SRX Property released on Thursday. The number of units leased also saw a month-on-month increase for both condos and HDBs. For non-landed private homes, overall rents last month improved 0.8 per cent...
Developers sold 1,178 private homes in July 2019, up 43.5 per cent from the 821 units they moved in the previous month, but down 31.7 per cent from the 1,724 units they found buyers for, in July 2018. The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Thursday based on its survey of licensed housing developers. Including ECs,...
The market share of the Singapore residential property market sold by Chinese developers has surged since 2015, NUS Institute of Real Estate and Urban Studies’ Sing Tien Foo and Chia Liu Ee say. After the cooling measures slapped on in July 2018, many have wondered whether Singapore property remains a good investment bet. To be sure, the measures targeted speculators and hot foreign money, and...
Some developers are dangling fatter commissions to incentivise property agents to help clear inventory. A check with property agents suggested that commissions in some cases could rise to 3-4 per cent, or more. Developers may also wheel out incentives or a cash bonus when it comes to units that are harder to sell, such as ground-floor units or units with a less-attractive facing, as agents need to work...
A mansion sitting on a sprawling plot of land in Singapore has been sold for a record S$230 million, the latest in a string of eye-catching property deals in the country. The home on Nassim Road was sold by Winright Investment, whose listed shareholders are tycoon Cheng Wai Keung - chairman of developer Wing Tai Holdings, and his wife, according to business and property records reviewed by...
Not many 24-year-old university students live in a S$1.2 million penthouse, kitted out with a Herman Miller Aeron office chair and Lelit espresso machine. Especially not in Singapore, one of the world's most expensive property markets. Shawn, whose loft-style apartment in Singapore's leafy central Bukit Timah region was paid for entirely by his mother, is one of a lucky few. But his ranks are growing as...
Prices of completed private apartments and condominiums in Singapore dipped 0.7 per cent in June from the previous month, falling after two months of gains. The figures are flash estimates released on Monday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. Falls were observed for both apartments...
While sales of new private homes rose in the second quarter from the same time last year, the private property resale market remained in the doldrums, real estate firm Huttons said in a report on Wednesday (July 24). Between April and June, there were about 2,400 resale transactions, down 50 per cent from the same period a year ago, it said. This was partly because there is a significant gap between...
Developers in Singapore sold 821 private homes in June, down 13.8 per cent from the 952 units they moved in May, but 25.5 per cent higher than the 654 units they sold in June last year. This came as 670 private homes were launched last month, down from 1,394 units in May as well as the 726 units in June last year. There were only four new projects - Sky Everton, Lattice One, Seraya Residences and...
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