BUYERS are said to be already showing interest in a condominium project in the Central Business District, although the preview will not be until next Thursday. Property agents have apparently collected cheques from buyers for the 99-year leasehold development in Shenton Way, according to sources. Pre-marketing is common these days, with agents busy drumming up interest before the preview, so some buyers...
Market Reports
DOWNTURN? What downturn? Private home transactions - for both new and resale homes - jumped by more than 130 per cent last year, despite the downturn. Singaporeans were the main drivers of the surge: There was an overall rise of 144 per cent in private property transactions by them last year - 23,516 compared with 9,649 in 2008. In the non-landed segment, Singaporean purchases rose almost 159 per cent....
Latest home-loan skirmish also sees banks speeding up their approvals A skirmish of sorts has broken out on the home loans front with banks pushing down their interest rates a notch or two over the past week or so. The first volley was fired by DBS Bank and the others have responded. This is welcome news for home owners and investors who are looking to re-price or refinance their home loans. The rates...
PROPERTY developers may have heaved a sigh of relief on March 8 when the Government signalled there would be no more measures to cool the housing market - 'for now'. But any comfort they took from that would have been cut short when National Development Minister Mah Bow Tan added what has become his signature catch phrase: 'We will monitor the market closely.' He told Parliament: 'If there are signs that...
SALES of private property kept sizzling over the weekend as buyers, undeterred by the rainy weather and recent government policies to cool the market, packed showflats. Demand was strong for mass market and prime projects, with buyers especially keen on The Laurels, an upmarket 229-unit project in Cairnhill Road. Developer Sing Holdings has sold 135 of the 179 units so far, with around 40 - comprising...
PROPERTY buyers showed few signs of easing off last month and snapped up 1,196 new private homes - more than industry experts had expected for a month many thought would be quieter. The robust figures follow from a bumper January, when 1,480 private units were sold - a number that trumped the miserly 481 shifted in December, and helped prompt government measures to pre-empt a property bubble. Sales in...
Strong momentum continued through February and more launches are expected this month The number of new private homes sold in January and February 2010 has already outstripped that for the whole of Q1 2009, official data shows. Developers sold 1,196 units in February - down 19 per cent month-on- month from the 1,480 units sold in January 2010 - according to the Urban Redevelopment Authority (URA)....
Private home sales kept up their momentum in February, with 1,196 units changing hands. This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures. But February's figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units. Analysts said...
Private home sales kept up their momentum in February, with 1,196 units changing hands. This is down by some 280 units or 19 per cent from January, where the spike in transaction volumes prompted the government to introduce more anti-speculative measures. But February's figure is still above market expectations. Analysts had earlier projected sales to range between 800 and 1,000 units. Data released by...
HONG Kong developer Cheung Kong has set record selling prices for residential projects in the West Coast area. It managed to sell all 100 units released in the first phase of sale for the 99-year-leasehold The Vision yesterday. Of these, two penthouses went for $3.6 million each, which works out to around $1,332 per square foot (psf). Buyers paid around $1,000-$1,200 psf for two, three and four-bedroom...