The overall private residential property index fell for a seventh straight quarter, with prices down by 0.9 per cent in the April to June period, compared to the 1 per cent decline in the previous quarter, according to Urban Redevelopment Authority (URA) flash estimates released on Wednesday (Jul 1). Prices of non-landed private residential properties declined in all market segments, the URA said....
Market Reports
The Total Debt Servicing Ratio (TDSR) framework, which took effect on Jun 29, 2013, has been blamed for the slowdown in the private housing market, and the steady drop in prices over the past six quarters. For the whole of 2014, developers sold around 7,316 private residential units, just under half the 14,948 in 2013. The TSDR framework - which restricts monthly debt payments, including home and car...
New private home sales in Singapore fell 45 per cent in May from April as developers launched fewer units. Data from the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed developers sold 638 housing units last month - well below the revised figure of 1,167 units for April. The number of units sold in May was, however, higher than the monthly figures for January to March. The bulk of homes...
Prices of non-landed private homes remained flat in May 2015 as compared to the previous month, according to flash estimates by SRX Property on Tuesday (Jun 9). In individual sectors, the city fringe saw a resale price increase of 0.8 per cent, while resale prices in suburbs edged up by 0.3 per cent. Resale prices in the Core Central Region (CCR) decreased by 1.2 per cent, according to SRX's...
In an era of cooling measures and loan curbs, sales transactions in the Singapore property market continue to languish. The action is in rentals, at least in terms of the number of deals. SRX Property data shows that rental deals represented about 67 percent of a total of 115,864 property transactions last year and are hovering at about the same percentage so far this year. In contrast, rentals...
Resale prices of private homes fell last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Thursday (May 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 0.1 per cent in Apr from the previous month, when prices increased 0.3 per cent from a month earlier. Prices of homes in...
Property developers may incur up to S$90 million in extension charges for unsold units in their condo projects from April to December 2015, followed by S$238 million in 2016 if the health of Singapore's real estate market does not improve. This adds up to a staggering S$328 million that developers are expected to fork out in the worst-case scenario should they fail to sell any units by end-2016,...
New private home sales in the Republic jumped 83 per cent in April from March as developers launched new units and buyers returned to the market. Data from the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 1,124 housing units last month - well above the 613 units sold in March and 390 units in February. Developers launched 1,344 units in April, up from 400 in...
Property prices in Jurong are projected to increase by up to 5 per cent once construction of the Singapore-Kuala Lumpur High Speed Rail terminus is completed. In fact, some agents said prices are already up 1 per cent, just a week after the location of the terminus was announced. The Singapore-Kuala Lumpur High Speed Rail terminus will only be ready after 2020, but the impact on property prices in...
Non-landed private residential resale prices have slipped 0.7 per cent in April 2015 compared to a month ago, according to data by SRX Property released on Tuesday (May 12). Year-on-year, resale prices dropped 4 per cent from April 2014, and compared to the peak in January 2014, prices have fallen 6.9 per cent, the data showed. Resale prices of non-landed private homes in the Core Central Region and...