Figures released yesterday appear to show that the Government's property cooling measures, the last round announced in January, have started to take effect. The NUS Private Residential Price Index, which tracks month-on-month price movements of private, non-landed residential properties, fell 0.4 per cent compared with January, with prices in non-central areas falling 1.5 per cent. Prices of central area...
Market Reports
Private home prices in Singapore fell slightly in February, according to the NUS Singapore Residential Price Index. The overall index fell 0.4% from January. The index covers completed non-landed properties in the central and non-central regions. The index for properties in the central area rose 1% in February, but that for non-central properties showed a decline of 1.5% from the previous month. The...
After last year's robust performance, Singapore property investment sales continued to remain active in the first quarter of this year. According to property consultant CBRE, this quarter's total investment sales have amounted to S$7.23 billion so far - 66.6 per cent higher than the S$4.34 billion registered in the first quarter last year. The private investment sales market has accounted for S$4.36...
Parkview Éclat, the 35-unit boutique condominium development along Grange Road, saw two units change hands in the resale market last month as owners cash out after the project was completed last year. The property is developed by Hong Kong headquartered property developer Chyau Fwu Group, renowned for its Parkview Square art deco office tower along North Bridge Road. Parkview Éclat also bears the...
The last two rounds of the government’s property cooling measures may have driven more home buyers to opt for smaller and cheaper homes, according to new research. Property analysts attributed the trend to the tighter loan-to-value (LTV) ratio for home buyers with existing mortgages. The LTV ratio has been cut twice since last year, from 80 percent to 70 percent in August 2010, then to 60 percent in...
It's all about location for property developers who are on the lookout for quality land parcels. Recent land tenders of government land sites close to MRT stations or regional centres have seen bids as high as S$550 million or S$869 per sq ft per plot ratio. Market watchers say competition among developers for such sites will heat up, now that developers are churning out projects at a much faster...
Two units at Pristine Heights were sold at record prices last month, with one setting a new high of $1,264 psf and another hitting $1,257 psf. The prices are above the peak of $1,202 psf in 2007, when a 732 sq ft unit on the 17th floor was sold for $880,000. The 60-unit freehold apartment along Mergui Road is seeing renewed interest from homebuyers following the launch of Cityscape at Farrer Park a block...
Sales of new private homes moderated in February but the total still came in above the key 1,000-unit level. Data released yesterday by the Urban Redevelopment Authority (URA) showed that 1,101 private homes were sold last month, down from 1,209 in January. Including executive condominiums (EC), the total number would be 1,228. Chalking up the best sales was Waterfront Isle at Bedok Reservoir Road, where...
Private residential home sales in February continued to fall, reaching a four-month low. Data released on Tuesday by the Urban Redevelopment Authority (URA) showed that 1,101 private homes were sold last month. That is an 8.9 per cent drop from the 1,209 units sold in January. Including Executive Condominiums, the total sales would have reached a total of 1,228. The suburban region which saw the most...
A joint venture (JV) between CLSA Capital Partners and Lippo Group has sold the remaining 14 condo units in the 26-unit freehold property The Holland Collection at slightly more than S$50 million, or about S$1,600 psf, on average. The buyer of the remaining units, which comprise two-, three- and four-bedroom apartments, is said to be Straits Trading. Located near the Singapore Botanic Gardens, the...