After a tumultuous final quarter last year, Singapore’s housing market continued to weaken in the first three months this year as prices in both the private and public sectors fell and analysts warned that there will not be any reversal in fortunes as long as the Government’s cooling measures stayed in place. Private home prices slid 1.3 per cent in the January-to-March period from the previous...
Market Reports
Singapore home prices fell in the first quarter of this year from the last three months of 2013. This is according to flash estimates released Tuesday by the Housing and Development Board (HDB), and the Urban Redevelopment Authority (URA). It is the third straight quarter of decline for HDB resale prices. The numbers show a 1.5-per cent decline from the last quarter of 2013. There was also a...
Resale prices of completed non-landed private homes continued to fall last month, showed Singapore Residential Price Index (SRPI) flash estimates released yesterday, dragged down by an acceleration in the decline in prices of shoebox apartments. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices falling by 0.4 per cent last month...
Some analysts expect rentals of private homes in Singapore to fall for the second straight quarter ending in March this year, as a higher supply of new projects is expected to come on stream. Chesterton Singapore estimates that overall rentals could fall by 0.5 to 1 per cent in the first quarter. This comes after rentals slipped 0.5 per cent in the last quarter of 2013, the first decline in four...
Analysts said developers could start looking at building more smaller units because buyers have become more price-sensitive, pushing up demand for smaller homes. Caveats lodged with the Urban Redevelopment Authority showed that the number of new units under 800 square feet accounted for about 48 per cent of total sales in 2013. Over a month into its launch, some 40 per cent of units at UOL's 555-unit...
Sales of new private homes may remain in the doldrums, but bargain hunters hoping that developers will slash prices to breathe life into the market are likely to be disappointed, analysts told TODAY. Despite the slow market, several recent launches have sold well, showing that underlying demand can be realised into sales with the right marketing and pricing strategy. So, as long as holding costs remain...
New private-home sales stirred in February after two months of near slumber, but analysts said activity remained muted as developers and prospective buyers continued to hold back in the current cautious environment. Developers sold 724 non-landed private homes last month, a 28 per cent rise from 565 in January, after they launched 671 units or 22 per cent more than January’s 549 units, figures...
The resale market continued its downward trend as sales of previously-owned private homes last month slumped to their lowest level in more than five years, a further indication of the impact the cooling measures have had in dampening demand. Flash estimates by the Singapore Real Estate Exchange (SRX) yesterday put the overall resale volume of non-landed private homes at 242 units last month, down 18.5...
The number of resale non-landed private homes transacted in February was the lowest in more than five years. This is according to latest numbers from the Singapore Real Estate Exchange (SRX). The data also showed that resale prices fell by 2 per cent from January. Property consultants said that they expect the resale market for private homes to remain fairly muted amid current cooling...
More comprehensive rental data will be made available to the public later this year, according to Minister of State for Trade and Industry Teo Ser Luck. Speaking in Parliament during the Committee of Supply debate on Thursday, Mr Teo said small and medium enterprises (SMEs) have given feedback that they face significant rental spikes when their tenancies are renewed. Mr Teo said: "To help businesses...