Resale prices of non-landed private homes hit a 16-month low in April, while the resale volume last month reached its highest since October last year, according to the latest flash estimates from the Singapore Real Estate Exchange (SRX). Advance data from SRX showed that overall resale prices of non-landed private residential properties slipped by 1.7 per cent in April from the previous month -- the...
Market Reports
Expect more private homes to be launched in the coming months. According to analysts Channel NewsAsia spoke with, some developers plan to launch their projects during the current window -- after the festive period in the first quarter of the year and before the year-end holiday season. More than 3,500 units were launched per quarter in the second and third quarters last year, compared to some 2,600...
Repeated rounds of cooling measures and loan restrictions may have put a squeeze on home prices here, but potential buyers continue to view affordability as a major concern and are calling for additional curbs to bring prices down even further. A biannual survey by real estate portal iProperty.com showed yesterday that 51 per cent of the 2,853 Singapore respondents intend to buy a property in the next...
Resale prices of completed non-landed private homes continued to fall last month, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday, with declines registered across the board. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices decreased by 1.1 per cent last month from the month earlier,...
There was no last-minute reprieve for the private housing market in Singapore in the first three months of the year, with finalised data from the Urban Redevelopment Authority (URA) confirming that the price decline had picked up pace amid persistently weak sentiment. Private home prices slipped 1.3 per cent in the first quarter of the year from the previous three months, unchanged from the preliminary...
Resale prices of Housing and Development Board (HDB) flats fell 1.6 per cent in the first three months of 2014 from the last quarter of 2013, while private home prices declined by 1.3 per cent, according to data released on Friday. The 1.6 per cent drop in the HDB resale price index was larger than the advance estimate of a 1.5 per cent decline made earlier this month. Singapore home prices have...
Sales of private homes by developers in Singapore fell 35 per cent in March from February, data compiled by the Urban Redevelopment Authority (URA) showed on Tuesday. Developers only managed to sell 480 units last month, down from 739 units in February. From a year ago, new private home sales plunged 83 per cent from March 2013's 2,793 units. Transactions in Singapore's housing market have fallen...
SRX data shows resale volume of private non-landed homes has rebounded 82.6 per cent month-on-month in March, the highest resale volume since October 2013. An estimated 451 resale transactions were registered in the month of March. On a year-on-year basis, resale volume still posted a 22.5 per cent drop compared to 582 units resold in the same month of last year. But resale prices remained...
Buying activity in Singapore's private residential market remained tepid in the first quarter of this year. Property consultancy DTZ said in its latest report that only 906 private homes changed hands in the secondary market in the first quarter. This was a 34 per cent quarter-on-quarter decline or 62 per cent decline year-on-year. DTZ attributed the slower activity to buyers becoming more...
Private residential property prices have been subdued, following cooling measures by the government last year. Overall, they are expected to remain muted this year. But some analysts have said prices of private homes in the city fringe could start picking up soon. This is due to new project launches in attractive locations like Commonwealth Avenue, Kim Tian Road and Prince Charles...