Market Reports

Revealing times for private homes market

In a move that will address the dual directions that luxury and mass market private homes increasingly move in, the Urban Redevelopment Authority (URA) is set to introduce different price indices for various segments of the market. As early as the end of this month, the URA could provide more information for its private property price index (PPPI) when it’s due to present the figures for the final...

Sentosa Cove development attracts strong interest from buyers

Units at the latest condominium development in Sentosa Cove are being snapped up by both local and foreign buyers. Eight-five percent of the 264 units of the property, Oceanfront @ Sentosa Cove, by City Developments were sold in just four days. Buyers have been paying up to over S$8 million for exclusive waterfront living. Luxurious designer fittings and an exclusive address are all common features of...

Investment property sales hit record S$5.7b during Q1 2006

Property investment sales have hit a record. New data shows more than S$5.7b worth of deals were completed in the Q1 of 2006. And consultants CB Richard Ellis said 61% of this was in the commercial sector. The figure was inflated by the acquisition of Raffles City by CapitaMall Trust and CapitaCommercial Trust, for S$2.2b - from their parent company. Residential investment sales totalled S$1.7b in Q1,...

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