The property investment sales market continues to manifest upbeat sentiment, amassing a healthy sum of S$9.77 billion in the first quarter of the year, riding through the Government's property cooling measures, the political unrest in the Middle East and North Africa, and the recent catastrophe in Japan, consultants Colliers International said. In a report issued yesterday, Colliers said the property...
Market Reports
Singapore’s high-end homes recorded the third largest increase in prices globally, behind Shanghai and Mumbai, according to a new report released today. Compiled by property consultancy Knight Frank and Citi Private Bank, The Wealth Report 2011 found that Singapore’s luxury home prices rose 18 percent in 2010. This was on top of a 17 percent increase the previous year, when Singapore recorded the...
Once known as an industrial hub, Jurong is fast transforming into one for business and leisure, driving demand and prices of homes in the vicinity, including The Lakeshore. Plans for the Jurong Lake District — which, at 360ha, is equivalent to the size of Marina Bay — comprises a commercial hub known as Jurong Gateway and a recreational-leisure hub known as Lakeside. It was unveiled by the URA in its...
Prices of non-landed private homes in suburban areas have picked up the fastest in the first quarter this year. Flash estimates from the Urban Redevelopment Authority (URA) showed that price increases in suburban homes beat the overall private property price index, which rose 2.1 per cent to 198.8 points in the quarter. Analysts said that suburban condominiums may continue to see price increases of...
Resale prices of public and private housing recorded slowdown in the first quarter of this year. Resale prices of HDB flats are up 1.6 per cent in the first quarter, a slowdown from the previous quarter which saw prices increase by 2.5 per cent. This is according to estimates released by the Housing & Development Board. It added that it will offer 22,000 new Build-to-Order or BTO flats this year if...
The Singapore property auction market registered a significant drop in total sales value and number of transactions in the first quarter of the year, chalking up a total of 17 transactions worth only S$27.87 million, property consultants Colliers International said. Colliers said that it was the lowest sales value garnered since the auction market rebounded in the first quarter of 2009, after the global...
When the most recent set of property cooling measures were announced in mid-January, many people expected a knee-jerk reaction even if a few felt the new rules were benign. Others feared the worst. It has been more than two months since the measures came into effect and we have had more statistics to mull over. The NUS recently released its February estimates. Prices for completed apartments recorded a...
Only eight non-landed homes were sold during the first two months of 2011 in Sentosa Cove, once a hot spot for property investment in Singapore. This represents a decrease from the 17 transactions in Q4 2010 and well below the 71 transactions in Q2 2010. The opening of City Developments’ (CDL) The Residences at W Singapore accounted for 19 of the total sales. Considered an exclusive segment of the...
Mass market prices of private apartments in Singapore have climbed to new highs in the first quarter of this year, mainly driven by demand from mainland Chinese buyers. Average values of properties are now at S$1,935 psf in prime areas, and S$1,043 for non-prime areas, the highest since the first quarter of 2008, according to a release from Jones Lang LaSalle. Prime market property sales continue to be...
Mass market prices of private apartments in Singapore have climbed to record highs in the first quarter of this year, mainly driven by demand from mainland Chinese buyers. Average values of properties are now at S$1,935 per square foot for prime areas, and S$1,043 for non-prime areas, the highest since the first quarter of 2008, according to a release from Jones Lang LaSalle. Prime market property sales...