Developers have achieved an 18-month high in private homes sold in a month, with the 1,000-unit mark having already been breached so far in February. Most of the developers who are prepared to pare their price expectations to more affordable levels continue to be rewarded. A near 10 per cent price chop was all it took for GuocoLand to sell off almost 90 per cent of the 182 units at The Quartz condo in...
Market Reports
A bad month for home sales could be followed by upturn JANUARY was a ghastly month for the private home market. Sales hit a two-year low, as the prime downtown areas saw zero launches and just about half of all units launched that month ended up finding buyers, according to official statistics released yesterday. But even though the overall market has kicked off 2009 on a whimper, the mass-market segment...
Private home sales further slowed in January, according to the latest Urban Redevelopment Authority (URA) figures. Some 107 deals were completed last month, compared to 131 in December. Property agents said this was the lowest level recorded in the last two years - even lower than last October when global stock markets slumped. Even so, developers placed more projects on the market, with 204 units...
Market watchers expect private home rentals in Singapore to slide a further 5 per cent in the first quarter of this year. That is partly due to falling numbers of expatriate staff based in the city state and lower housing budgets allocated to them. Singapore plays home to many foreigners working here. But the numbers could fall as firms cut costs to cope with the global recession. Real estate agency ERA...
Private home sales further slowed in January, according to the latest Urban Redevelopment Authority (URA) figures. Some 107 deals were completed last month, compared to 131 in December. Property agents said this is the lowest level recorded in the last two years - even lower than last October when global stock markets slumped. Even so, developers placed more projects on the market, with 204 units...
CDL offers Valentine's Day discount for Pasir Ris project AT A time when consumers think twice before forking out money for big-ticket items, a major property developer here is dangling outright discounts to lure buyers. And if customers do bite, the move may mark the start of a price war, say industry observers. Yesterday, Mainboard-listed City Developments Limited (CDL) fired the first salvo by...
Singapore property prices have been coming down in line with the economic slowdown. But at least one developer is going a step further to attract homebuyers. Yi Kai Development and Fission Group, the developers of the 293-unit condominium Alexis@Alexandra, are offering discounts of 28 per cent to pull in the crowds. And the move appears to be paying off as potential homebuyers flocked to the opening of...
Property prices may have dipped due to the economic recession. But that has not weakened the demand for some private condominiums. Crowds flocked to the showroom of Caspian development near Lakeside MRT station in the Jurong Lake District. Nearly one quarter of the 712-unit development in Jurong West was snapped up within the first two days of its opening. The first 250 units were sold at $540-$640 per...
Analysts caution that banks here may not rush into home foreclosures THEY are flocking to the auction houses, hoping to find bargains. But each time the starting price is called out, there are audible sighs and shaking of heads. Still too high, say those who have been frequenting property auctions in recent weeks. Expectations are growing for some fire sales in the local property market, which is...
A study by real estate agency ERA has shown that the resale prices of Housing and Development Board (HDB) flats in Jurong appreciated faster than other suburban towns in Singapore. It compared median resale prices in the fourth quarter of 2008 to those in the first quarter of the same year. The study covered three- to five-room, and executive flats in Jurong West, Tampines and Woodlands. The comparison...