ingapore's residential property curbs are set to stay in place for at least another year amid signs the city's housing market is stabilising, the chief executive officer of South-east Asia's biggest developer said. "We see volume picking up and the price declines have slowed," Lim Ming Yan, the president and CEO of CapitaLand Ltd, said in a Bloomberg Television interview on Wednesday. "We see this trend...
RENTALS for non-landed private homes in Singapore rose in January 2017 over December 2016 amid an increase in leasing volume, while rents and leasing volume of Housing & Development Board (HDB) flats headed south over the same period. According to the latest flash estimates released by SRX Property on Wednesday morning, its rental index for private apartments and condos climbed 1.3 per cent...
DEVELOPERS in Singapore sold 381 private homes in January 2017, up from the 367 private homes in December 2016 and 324 units in January 2016. These figures exclude executive condominiums (ECs). Including ECs, which are a public-private housing hybrid, developers found buyers for 565 units in January 2017, down from the 580 units in December 2016 but higher than the 480 units in January 2016. The...
THE first month of 2017 saw a continued momentum in the high-end residential property segment, with resale prices in the Core Central Region (CCR) making a 1.9 per cent rise from a month ago and 2.7 per cent increase from a year ago, based on SRX Property estimates. This helped to lift SRX Property's overall resale index for the private residential market by 1.1 per cent month on month in January...
Private home prices in Singapore fell 3.1 per cent in 2016, with both landed and non-landed properties witnessing a drop in prices, according to latest figures by the Urban Redevelopment Authority (URA) on Thursday (Jan 26). The private residential property index also saw a 0.5 per cent dip from 137.9 in the third quarter to 137.2, which is the 13th consecutive quarter of decline. For the prices of...
Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016's outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the region. The total number of private homes sold in CCR...
Sales of private homes last month fell 57.3 per cent from the previous month in the traditionally quiet year-end period, even as 2016 saw a continued uptick in sales, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jan 16). Excluding executive condominiums (ECs), developers sold 367 new units in December, down from the 860 units sold in November. Year-on-year, the number...
Qualifying certificate (QC) rules have generally been effective in curtailing property speculation, but pressured developers, using innovative ways to escape the harsh penalties, raise the question of whether the policy's efficacy outweighs some of its unintended consequences. QC rules were enacted to prevent foreign developers from hoarding or speculating on residential land in Singapore. After the...
SINGAPORE has fallen to seventh place in a regional ranking for high-end rental accommodation this year. It was the fourth most expensive location in Asia last year. According to the latest Accommodation Survey published by mobility solutions provider ECA International, rents for an unfurnished three-bedroom apartment across popular expatriate neighbourhoods in Singapore average US$4,535 per...
DEVELOPERS sold 8,136 private homes last year, up 9.4 per cent from the 7,440 units they moved in the previous year - and the best showing in three years. The pick-up is a reflection of improved sentiment and demand, say analysts. The executive condo (EC) market posted even more spectacular sales growth. Preliminary government numbers show that developers found buyers for 4,018 EC units last year - up...
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