Sales are still going strong for so-called Mickey Mouse apartments or those that measure 500 square feet or less. According to Credo Real Estate, transactions of Mickey Mouse units made up 9.5 per cent of total transactions in the first half of this year. This is a three percentage point increase from the same period last year. But analysts are divided on whether demand for these units can be...
Market Reports
Others say excessive liquidity exaggerates prices PROPERTY prices of both private and Housing Board resale flats have, for the first time, surpassed previous peaks to reach new records. Latest official estimates show private home prices rose 5.2 per cent in the second quarter, after a 5.6 per cent jump in the first quarter. That means prices are now 1.5 per cent above the 1996 highs. HDB resale flat...
Even though transactions of new home sales have dropped, prices seem to have held up. For bargain hunters who are looking for properties in the price range of $600 psf, one can consider Choa Chu Kang. Take for instance the 553-unit Regent Grove, a 99-year leasehold condominium located at Choa Chu Kang North 7 (near the Yew Tee MRT station.) It appears to be drawing homebuyers on the lookout for reasonably...
City Developments Limited (CDL) has sold about 80 per cent of the launched units at 368 Thomson, its latest freehold residential development at the former Concorde Mansions site along Thomson Road. Private previews for former owners of Concorde Residences, Balestier Court, Bright Building, and directors and staff of CDL, started on Thursday, while the public preview began on Friday. CDL said 120 units of...
Rates have followed the dizzying rise in private property prices but 'will stabilise or even correct' Rental rates for residential units have tracked the dizzying rise in private property prices, with rents for condominiums posting a significant increase of 5.8 per cent over the first five months of this year. Based on data from the Urban Redevelopment Authority (URA), median rentals of non-landed...
Property consultant DTZ Research said Singapore's investment sales market is seeing an increase in larger deals sealed. For the second quarter this year, there were 15 deals worth over S$100 million totalling some S$3.5 billion. Such deals make up nearly three-quarters of the total investment value of S$4.71 billion in the second quarter. The figure is much higher than the nine transactions of over...
Property consultancy Jones Lang LaSalle said residential capital values in the resale market for the private condominiums continued to rise on the back of encouraging sales volume in the second quarter of this year. The firm said estimates showed that the prime and central capital values led the way in the quarter's growth by registering 8 per cent and 7.6 per cent on average. The prime market saw...
Property prices continue skywards in Singapore and on Sentosa. On Jul 1, the Urban Redevelopment Authority (URA) released the flash estimates of the property price index (PPI) for 2Q10 which indicated that property prices are above their 1996 peaks. But before you pop the champagne, analysts are sounding words of caution. Donald Chua, property analyst at CIMB says in a report dated Jul 2: “We view this...
PRICES of private residential properties have crossed the peak reached in 1996 in the second quarter, according to flash estimates by the Urban Redevelopment Authority (URA). The private-residential-property price index, based on URA estimates, rose from 175.0 points in Q1 to 184.1 points in Q2. While this increase of 5.2 per cent is lower compared with the 5.6 per cent rise in the previous quarter, the...
There's an insatiable demand for owner-occupied property now, but what happens later? The spectre of a possible looming oversupply in Singapore's housing market - including both the private and public sectors - in the not-to-distant future was again brought back to the fore when the HDB announced on Wednesday its biggest launch ever of new Build To Order (BTO) flats. The 2,696 flats offered brings the...