After a strong 2021 where total transaction volumes for new launch private non-landed properties amounted to 12,574 for the whole year (a 34 per cent increase y-o-y), what are the next highly anticipated new launches for 2022? The Singapore property market had a robust 2021 with private residential transactions at 28,734 units (excluding ECs), a large 57 per cent increase from 2020, when a total 18,295...
A quick review of how did Singapore property market perform in 2021 and what's ahead in 2022 Singapore private and public housing markets saw a buoyant year in 2021, with prices reaching new peaks and annual sales hitting the highest level in several years. Private home prices jumped 10.6 per cent in 2021, quickening from a 2.2 per cent increase the year before, according to flash estimates from the...
The Government on Wednesday (Dec 15) announced a package of measures to cool the private residential and HDB resale markets. The measures include raising Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Value (LTV) limit for loans from the Housing and Development Board (HDB), said the Ministry of Finance, the Ministry of...
Private property prices in Singapore rose 2.1 per cent in the fourth quarter of 2020 from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Monday (Jan 4). This compares with a 0.8 per cent increase in the previous quarter, said URA. For the whole of 2020, private home prices rose by 2.2 per cent, compared with the 2.7 per cent increase in 2019. Ms...
Despite a pandemic and an economic recession, it has been a surprising year for the property market. Property buyers began snapping up new homes as soon as the circuit breaker eased and they could visit showrooms again, contributing to a seesawing of private home sale numbers in the final months of the year as government regulations kicked in to cool the market. In June, the same month that Singapore...
New private home sales in Singapore rose by 18.9 per cent in November, reversing a decline seen in October, on the back of new project launches by developers. Private developers sold 767 units, excluding executive condominiums (ECs), in November, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Dec 15). This figure is 18.9 per cent higher than October's 645 units, but a 34.2 per...
New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more than two-year high...
New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more-than-two-year high...
Private home prices in Singapore in the third quarter rose 0.8 per cent from the previous quarter, while demand surged for both new developer units and resale properties, in what analysts said is a sign that consumer confidence is "steadily returning" amid the COVID-19 pandemic. The private residential property price index increased to 153.8 points in the third quarter, up from 152.6 points in the first...
Private developers sold 1,329 new homes excluding executive condominiums in September, marking the highest monthly sale in more than two years. Last month's private home sales volume is the highest since July 2018, when 1,724 units were sold when sales surged as buyers tried to avoid new cooling measures. Data released by the Urban Redevelopment Authority (URA) on Thursday (Oct 15) also showed that...
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