LOCATION still trumps many factors when it comes to buying a property, going by the weekend launch of two massive 99-year-leasehold projects. Thanks to its popular Queenstown location, Queens Peak at Dundee Road saw a take-up rate of 34 per cent as it sold 250 units of the available 736 units during its first launch weekend. Some 242 units were moved on the first day on Saturday, with one and...
Market Reports
SINGAPORE is a wealthy country with an abundance of investment capital and a limited domestic investment universe. As a result, Singapore-based investors are one of the most active sources of outbound capital globally, targeting the world's most liquid real estate markets. Since the end of the Global Financial Crisis (GFC) in 2008, Singaporean investors have exported S$154.4 billion, according to data...
AFTER a relatively quiet August and September amid an absence of fresh project launches, developers' private home sales are expected to soar this month, possibly to the highest monthly level this year, on the back of a few big new-project launches. Already Forest Woods near Nex mall and Serangoon MRT station and The Alps Residences in Tampines, both released earlier this month, have sold well; at least...
RENTALS as well as leasing volumes fell month-on-month (m-o-m) in September 2016 for both non-landed private homes and HDB flats, according to the latest flash estimates released by SRX Property on Wednesday morning. SRX's rental index for private apartments and condos fell 0.6 per cent in September 2016 over August 2016 after easing 0.5 per cent m-o-m in August 2016. The index has contracted 4.6 per...
NON-LANDED private residential resale prices fell 0.9 per cent in September to the lowest level in four years since July 2012, while volume slumped 17.7 per cent. According to data compiled by SRX Property, an estimated 683 private condominium and apartment units were resold in September, compared to 830 units resold in August. R'ST Research director Ong Kah Seng said: "The price fall from July to...
Resale prices for non-landed private homes fell 0.9 per cent in September 2016 from August to their lowest level in 50 months since July 2012, data from SRX Property on Tuesday morning showed. SRX said prices in the city fringe fell 1.3 per cent while those in the suburbs tumbled 1.5 per cent from the previous month. However, city centre prices rose 0.6 per cent in September from the preceding...
Prices for private homes in Singapore continue to drop in the third quarter, with the private residential property index down 2.1 points from 140.0 in the second quarter to 137.9 points, the Urban Redevelopment Authority (URA) said on Monday (Oct 3). According to the agency's flash estimates, this represented a decline of 1.5 per cent, compared with the 0.4 per cent dip in the previous quarter. It is...
AS a result of many rounds of cooling measures, the private residential real estate market has been weakening for the past three years. However, according to the latest quarterly statistics released by the Urban Redevelopment Authority (URA), private home prices may be showing signs of bottoming out. Generally, the residential non-landed housing market in Singapore can be divided into three segments...
AN old adage in real estate investment - "location, location, location" - suggests that real estate investors should focus more on the location than the physical attributes, tenure and stage of the market cycle. Given that each property is a unique and non-movable asset, prices at choice locations will be more resilient in an uncertain economy and will appreciate more than other assets when the...
BEING the crème de la crème of the non-landed residential market, homes in the Core Central Region (CCR) are commonly referred to as high-end or luxury homes. According to the Urban Redevelopment Authority (URA), the CCR comprises postal districts 9, 10, 11, Downtown Core and Sentosa. The URA CCR Non-Landed Residential Price Index rose 0.3 per cent quarter on quarter (q-o-q) in Q2 2016, marking a...