Some developers are trying to release new projects before the year-end holiday season sets in. UOL Group is expected to preview the freehold Spottiswoode Residences condo next week, and the price is expected to be about $2,000 per square feet (psf). The project, a 36-storey tower, is next to Spottiswoode Park, a green lung in the area, and close to Tanjong Pagar, which is slated to be transformed into a...
Market Reports
Geylang is providing another housing option for those who want to buy condominium units at relatively affordable entry price levels, but which offer steady rental income, say property agents. One such example is Atrium Residences, a 142-unit freehold apartment block at Lorong 28 Geylang, which saw four transactions at prices ranging from $715 to $743 psf in the Sept 28 to Oct 5 period. Developed by niche...
Property developers are less upbeat of the future, with nearly 34 percent of them expecting a decline in new home prices, according to the latest readings of Real Estate Sentiment Index (RESI). Following the cooling measures announced on August 30, a third of developers polled for the third quarter expect less than 10 percent decline in prices for new residential launches over the next six months. None of...
As expected, private housing prices in Singapore rose by only 2.9 per cent in the third quarter, slower than the 5.3 per cent in Q2. However, what caught many off-guard was that prices of high-rise apartments rose by a mere 1.6 per cent compared to 5.0 per cent previously while the 7.7 per cent rise for landed homes was much better than the 6.2 per cent a quarter earlier. And despite more properties...
We need good data and solid reference points to navigate towards investment decisions. A good source of raw data, with solid data integrity and consistency of reporting, layered with reasonable assumptions, deep experience and objectively interpreted and analysed will mean the difference between a mediocre investment versus a wildly profitable one. With several rounds of policy changes imposed on the...
Property developers and other industry players are less upbeat on overall real-estate sentiment than before. They also expect more uncertain market conditions over the next six months. The Current Real-Estate Sentiment Index fell to 4.8 in the third quarter, down from 5.8 in the second quarter, according to a survey by the Real Estate Developers' Association of Singapore and the National University of...
Prices of housing and development board properties in Singapore are expected to fall up to 10% in the next six months while those of private real estate will rise up to 7%, according to a new survey. It will create a two tier real estate system making it harder for people to upgrade in a country where property accounts for almost half of private wealth, according to the poll of property analysts by...
The last 30 units at CityVista Residences has been sold for about $147 million. The buyer is said to be a property fund managed by Alpha Investment Partners - a unit of Keppel Land. The 20-storey freehold project of 70 units in the Cairnhill area received Temporary Occupation Permit (TOP) recently. The transaction involves 28 apartments (three and four-bedroom) and two penthouses. The price for the...
A couple months after the introduction of property cooling measures, property experts feel that Singapore private home prices are likely to be fairly flat until the end of the year. Mr Mohamed Ismail, chief executive PropNex, expects the Urban Redevelopment Authority's price index to reach a plateau in the current fourth quarter, with another 2 per cent growth at most. Reason given is because buyers are...
Recent price increases of relatively scarce landed homes have outstripped gains for non-landed homes, leading to talk of an increasingly segmented market. According to the Urban Redevelopment Authority's third quarter price index released, overall private home prices rose 2.9 per cent in the three months to Sept 30 - below the preliminary estimate of 3.1 per cent. The market was buoyed by landed home...