RESALE prices of non-landed private homes in Singapore rose 0.3 per cent in November 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This contrasts with a 0.7 per cent month-on-month decline in the index for October 2016. Last month's increase in the index came on the back of price gains of 0.5 per cent in the Core Central Region (CCR) and 0.4...
Market Reports
This paradox arises mainly from pent-up demand from buyers who have delayed their purchasing decision since the cooling measures of 2013, property consultants said. But the state of the economy and its impact on the labour market is a wild card. The uncertainty has clouded the reading on price directions for next year; analysts expect private home prices to slip further by as much as 3 per cent or to...
HOME sales rose by one per cent quarter-on-quarter to 4,596 units in the three months to September, led by a stronger showing in the resale market, according to a report by Edmund Tie & Company Research. The resale market saw a 15.7 per cent increase in sales in the third quarter, while primary home sales fell 13.2 per cent due to slower sales in August. Despite this upward trend in transaction...
SMALL and medium enterprises (SMEs) in Singapore will soon find it easier to break into China. International Enterprise Singapore (IE Singapore), CapitaLand and UrWork signed a memorandum of understanding (MOU) on Friday to facilitate this amid the growing trend of the sharing economy. This tripartite agreement, the first-of-its-kind among a trade agency, Asia's largest real estate company...
Sales of new condominiums surged to a 15-month high last month as buyers snapped up units at two newly launched developments. Property developers sold 1,252 new private homes in October, more than double the 509 sold the previous month and the highest since July 2015, when 1,655 units were sold. ADVERTISING inRead invented by Teads More than half of the units sold in October were from two new...
THE revival in developers' private homes sales last month - sparked by new launches Forest Woods and The Alps Residences and supported by sales from earlier launches - is expected to continue this month. Two new major condo developments have hit the market this month so far - Queens Peak near Queenstown MRT station and Parc Riviera in the West Coast. Urban Redevelopment Authority (URA) data released...
RENTALS for both non-landed private homes and HDB flats continued to ease month-on-month (m-o-m) in October 2016. However, leasing volumes rose in both segments, according to the latest flash estimates released by SRX Property on Wednesday morning. SRX's rental index for private apartments and condos fell 0.4 per cent in October 2016 over September 2016 after retreating 0.5 per cent m-o-m in September...
Resale prices of condominium units and apartments fell by 0.7 per cent in October from September, according to flash estimates released by SRX Property on Tuesday (Nov 8). The month-on-month drop was the sharpest since a 0.9 per cent fall in January and February this year. September's drop in resale prices was revised up to 0.6 per cent from the flash estimate of 0.9 per cent. Based on the SRX...
RESALE prices of non-landed private residential units slipped a steeper 0.7 per cent in October after a 0.6 per cent decline in September, the flash estimate from SRX Property shows. The main drag came from the suburban area or the Outside Central Region, where resale prices fell 2 per cent, followed by a 0.8 per cent drop in the prime area or Core Central Region. On the other hand, resale prices in the...
Prices of private residential properties declined at a faster pace in the third quarter, falling by 1.5 per cent compared to a 0.4 per cent fall in the previous three months. According to data released by the Urban Redevelopment Authority (URA) on Friday (Oct 28), prices of landed properties declined by 2.7 per cent, compared to the 1.5 per cent decline in the previous quarter. Prices of non-landed...