Sales of private homes last month fell 6.8 per cent from the previous month despite more new launches during the Chinese New Year holiday period. Excluding executive condominiums (ECs), developers sold 301 new units in February, down from the 323 units sold the previous month, data from the Urban Redevelopment Authority showed on Tuesday (Mar 15). Including ECs, 430 new units were sold last month, down...
Market Reports
According to figures released on Tuesday by the Urban Redevelopment Authority based on its surveys of developers' housing sales, developers in Singapore sold 301 private homes excluding executive condominiums (ECs) in February 2016 This is down from 323 units in January 2016 and 390 units in February 2015. Inclusive of ECs, developers moved 430 units last month, again lower than the 479 units in the...
While it is true that it is a fool’s errand to try to time the property market, you can certainly buy at a dip. In fact, that is what you are supposed to do: Buy low and sell high. It is very human in a down market to want to buy at the absolute lowest point. The problem, though, is that no one can identify the bottom until after the fact. How many people have you met who regret not buying in 1998...
Two members of the well-known Danish family that founded Pandora, a company famous for its charm bracelets, are plonking down over S$31.1 million for two high-end apartments at the Orchard belt. The apartments, each of which is 4,478 square feet, are at the plush Boulevard Vue condo along Cuscaden Walk. Per Algot Enevoldsen is paying almost S$15.9 million or S$3,550 per square foot (psf) for his...
Rental prices for Housing and Development Board (HDB) flats and non-landed private properties continued their downward trend in February, led by five-room HDB flats and homes in the city fringes. Rental prices for Housing and Development Board (HDB) flats dipped 0.9 per cent from the previous month in February, according to a local property index. Year-on-year, rental prices for HDB flats in February...
According to data released by SRX Property on Tuesday, resale prices of non-landed private homes in Singapore dipped 0.3 per cent in February 2016, after increasing 0.8 per cent in January. Core Central Region recorded no change, while Rest of Central Region (city fringe) recorded a price increase of 0.1 per cent. Outside Central Region (suburbs) posted a 0.8 per cent decrease in prices. Year on...
It is "too early" to relax the property market cooling measures, as doing so could result in a market rebound, Mr Lawrence Wong said in Parliament on Monday (Feb 29). The National Development Minister was responding to a question from Holland Bukit-Timah GRC MP Christopher de Souza, who asked if the Government would consider removing the Additional Buyers Stamp Duty (ABSD) for Singaporeans but retaining...
Prices of completed non-landed private homes inched up 0.1 per cent in January compared to the month before, led by small units and units in the non-central region. This is based on flash estimates from the National University of Singapore (NUS) for the Singapore Residential Price Index (SRPI), after a revised 0.6 per cent price fall for completed private homes in December. January 2016 estimates are...
The Additional Buyer’s Stamp Duty (ABSD) may be abolished this year given the supply of homes that are coming into the market amid the increasingly challenging global economic climate, Mr Kwek Leng Beng, executive chairman of City Developments (CDL) predicted yesterday. He added, without going into specifics, that mid and low-end private housing could see further price declines this year, while the...
Prices of executive condominiums (ECs) do catch up with private condos after the initial five-year minimum occupation period (MOP), and even more so when they are fully privatised 10 years after purchase. A study by OrangeTee has found that the average price gap between new condos and ECs starts at around 20 per cent, due to the sales restrictions that apply to ECs, as well as their lower land and...