The Republic fell out of an annual global ranking of top 30 markets for property sales volumes, as a slew of cooling measures dampened investor sentiment, said a report released yesterday. No figure was given for Singapore’s performance over the six-month period ended June this year in the Emerging Trends in Real Estate Asia Pacific 2015 report published by the Urban Land Institute and...
Market Reports
Resale prices for non-landed private residences slid 1.1 per cent on-month in November, pushing it beneath the support level established since July 2014, the Singapore Real Estate Report (SRX) stated on Tuesday (Dec 9). Based on year-on-year comparisons, the November prices dropped 3.4 per cent. Compared with the recent peak in January 2014, prices have declined 6.3 per cent, SRX said. Resale prices...
The Republic has been ranked ninth among cities in the region in terms of investment and development prospects for real estate next year. This is according to the latest Emerging Trends in Real Estate Asia Pacific 2015 - a study jointly released by the Urban Land Institute and PricewaterhouseCoopers (PwC). Singapore was ranked seventh a year ago. According to the report, the slip of two notches suggests...
Nineteen land sites were launched for sale on Thursday (Dec 4) under the first half of the Government Land Sales (GLS) Programme for 2015. The 19 sites - six Confirmed List and 13 Reserve List sites - can collectively yield up to 8,770 private residential units once developed, the lowest in five years. These will include 1,010 executive condominium (EC) units and 265,000 square metres of gross floor...
Resale prices of private homes rose slightly last month, according to Singapore Residential Price Index (SRPI) flash estimates, which were released on Friday (Nov 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.3 per cent in October from the previous month. In September, prices fell 0.7 per cent from a month...
Of all the private homes being sold through public auctions, about 70 per cent were put on sale by their owners, according to Colliers International which holds one such auction every month. The remaining are put on auction by banks. Seventy-four per cent of all auctioned properties this year were condominiums while the rest were landed properties. Colliers said more homes were being auctioned off...
The private housing market picked up pace in October, with sales of new homes rising 18 per cent from the previous month. Excluding executive condominiums (ECs), developers sold 765 new units last month, up from the 648 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 17). Including ECs, 855 units were sold in October, up from 707 units in...
Rental prices for Housing and Development Board (HDB) flats and non-landed private residential units both dipped in October, compared to the month before, according to flash estimates from SRX Property. For HDB rental market, rents slid 0.5 per cent on-month. The dip in prices was experienced by 4-room (0.8 per cent), 5-room (0.2 per cent) and Executive flats (1.4 per cent), but rental prices for 3-room...
Resale prices of non-landed private homes inched up last month on the back of price improvements in the city fringes and suburban areas, but analysts said the slight rebound did not signal a recovery as weak market fundamentals persist as a result of various property curbs imposed in recent years. Non-landed private residential resale prices rose 0.4 per cent last month from September, after a 0.6 per...
Resale prices of non-landed private homes climbed marginally in October by 0.4 per cent month-on-month, according to flash estimates from SRX Property on Tuesday (Nov 11). When compared with October 2013, resale prices of non-landed private homes have dropped 4.5 per cent. Compared with the recent peak in January 2014, prices have declined 5.2 per cent, SRX said. Resale prices of private homes in the...