Property consultants Colliers International says Singapore's investment sales market strengthened further in the quarter that ended in June turning in sales of S$7.11 billion. That's 24.3 per cent above the S$5.72 billion chalked up in the first quarter of this year. Colliers released the information in its latest Knowledge Report Tuesday. It found that the investment sales market was driven...
Market Reports
Owning a waterfront home appears to be an aspiration among homeowners, going by the record prices at Sentosa Cove and the overwhelming response to the latest launch of waterfront HDB homes in Punggol. Over in the East, there has been growing interest in the reasonably priced waterfront homes overlooking Bedok Reservoir near the Tanah Merah MRT Station and good schools like Temasek Polytechnic and Anglican...
Non-traditional prime areas have emerged as the property boom spreads to the suburbs For years, Districts 9, 10 and 11 - covering Orchard, Holland, Newton and Bukit Timah - have been the must-have residential areas in Singapore. But as the recent property boom spreads to the suburbs, a number of newly popular districts have emerged outside these traditional prime areas. Developers with a keen eye...
Sales picking up after quiet June with World Cup, school holidays SALES have stayed fairly hot at a new condominium in Bukit Timah with 114 flats in the 172-unit estate now sold in just over a week, including 24 of the 30 pricey penthouses. Ten apartments were snapped up at the official launch of the Terrene yesterday following the 104 that have been sold since a private preview started on July 8, UOL...
More developers are engaging world-class architects as buyers get more sophisticated It is hard to miss the striking high-rise residential projects in central Singapore, some designed by internationally renowned architects. In recent years, these internationally acclaimed names include German Ole Scheeren - who was behind The Interlace in the Alexandra Road area - and American Daniel Libeskind, who...
Trends in other cities show demand for luxury apartments in S'pore may grow yet Singapore has long been seen as a safe investment haven - and foreigners are responding by snapping up property across the island. About 23,000 non-landed private homes have been bought by foreigners since 2007 - of which about 35 per cent are high-end homes in districts 1, 2, 4, 9, 10 and 11 - based on the Urban...
This after a breather for home sales in lazy June Students were not the only ones taking a break during the mid-year school holidays. Home seekers also slowed their pace, buying just 847 private homes from developers in June. This is the smallest number of new sales in a month since the start of the year. It is 22 per cent lower than the 1,083 units sold in May, and 62 per cent below April's 2,208...
World Cup, school holidays, lack of supply among reasons cited for drop Private home sales continued to slow last month, falling to below the 1,000-unit mark for the first time this year. Data from the Urban Redevelopment Authority (URA) showed that only 847 new units were sold last month - the lowest number of private home sales so far this year. The figure is 22-per-cent lower than the 1,083 homes...
Demand for new private residential properties continues to moderate. The number of new homes sold fell in June to 847 units, according to figures from the Urban Redevelopment Authority. That's down from 1083 transactions done in May 2010. The top sellers in June include projects like The Minton, La Brisa and Waterfront Gold. URA says 143 new homes in the city and prime districts were sold during the...
Despite complaints about ever-rising property prices, some private properties are still valued below their original purchase price. Shin Min Daily reported that even with the recent boom in the property market, some condominiums which are more than 10 year old are priced about 20 per cent cheaper than newly built ones. Home buyers in Singapore tend to favour the latest 'flavour' on the market, property...