Despite the cooling measures introduced on July 5, 2018, Singapore's residential property market has stayed resilient and quarterly primary home sales rose in the last three quarters, to the surprise of many. In the first quarter of 2019, developers sold 1,838 new private homes, 16 per cent higher than the same period the previous year. Non-landed residential prices outside the core central region...
Sales of private homes by developers fell 30.2 per cent in April from the previous month, following a sharp drop in the number of units launched. Excluding executive condominiums, developers in Singapore sold 735 units last month compared to the 1,054 units sold in March, according to data released by the Urban Redevelopment Authority (URA) on Wednesday (May 15). The number of units launched fell...
Resale prices for non-landed private residential units rose 0.9 per cent in April 2019, for a third straight month-on-month rise, according to SRX flash estimates on Tuesday. For the first four months of the year, non-landed resale prices are up about 2 per cent, according to data from the real estate portal. Year on year, resale prices are up 3.6 per cent, with the core central region, rest of...
Singaporeans' deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade. About 79 per cent of private apartments went to Singaporeans in the first quarter of this year, the most since the first three months of 2009, according to property consultants OrangeTee & Tie. The homes were not cheap - the proportion of local purchases...
Some analysts say this might be a sign that potential buyers are resisting current price levels amid the mid the property cooling measures. According to the Urban Redevelopment Authority's (URA) quarterly figures released on Friday, developers launched 2,989 units, compared to Q4's 1,657 units, but sold 1,838 units, similar to Q4's 1,836 units. Unsold units also rose in the quarter, to 36,839...
Prices of private residential properties in Singapore decreased 0.7 per cent in the first quarter of 2019, the Urban Redevelopment Authority (URA) said on Friday (Apr 26). The previous quarter saw a 0.1 per cent decrease. The dip this quarter is a notch higher than the 0.6 per cent decrease in URA's flash estimates released on Apr 1. Prices of landed properties rose by 1.1 per cent during this...
Developers in Singapore sold 1,054 private homes in March, up from the 455 units they moved in February, and 47 per cent higher than the 716 units they sold in the corresponding month a year ago. Sales in February this year were lower due to the Chinese New Year festive lull and the absence of new launches. The figures - which exclude executive condominium (EC) units - were released by the Urban...
Singapore was again the second-most expensive city in the world to buy a house last year. It emerged behind Hong Kong, which remained in first place, in the Global Living report by real estate firm CBRE which compared investment residential properties across 35 global cities. In terms of rentals, however, Singapore was the 10th most expensive. And with property prices inching up just 1.1 per cent...
Singapore remains the world's second-most expensive housing market after Hong Kong, according to an annual CBRE report which compares private residential property markets across 35 cities. But average price growth was significantly slower, at just 1.1 per cent. Hong Kong kept its top position with an average residential property costing US$1.235 million or US$2,091 per square foot (psf). Singapore came...
The private resale property market saw its biggest recovery in activity since being hit by the last bout of cooling measures, according to flash estimates from SRX Property on Tuesday. The flash data showed the number of resale non-landed private homes sold last month jump 59.3 per cent to 830 units after the Chinese New Year seasonal lull in February when 521 units were transacted. March resales...
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