Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Resale prices of private homes in the central area saw the biggest...
Market Reports
Property prices in Singapore are expected to hold up firmly in the third quarter this year, despite sales transactions likely to come in lower in the same quarter - by almost half from the second quarter. This is the expectations of analysts ahead of the release of third-quarter property sector flash estimates by the Urban Redevelopment Authority (URA). Save for a few launches like Tembusu in...
Two hundred and fifty two residential property transactions by foreigners have been exempted from additional buyer's stamp duty (ABSD) since it was first introduced as a property cooling measure on 8 December 2011. These foreign buyers are from the US, Iceland, Liechtenstein, Norway and Switzerland which are countries having free trade agreements with Singapore. In a written response to a...
Demand for new private homes in Singapore surged nearly 54 per cent on-month in August, after the sharp decline seen in July. According to latest figures from the Urban Redevelopment Authority (URA), 742 new private homes were sold last month, compared to the 482 units transacted in July. The best-selling project in August was The Tembusu at Tampines Road with 218 units sold. Including executive...
Sales of new private homes are poised for an increase in August from a month earlier. Analysts expect around 600 to 700 new private homes to be sold in August. In July, 481 new private homes were sold, down 73 per cent from a month ago. August has traditionally been a slow month for new home sales as it coincides with the Hungry Ghost Festival. The few launches in August, like Tembusu in the...
Real Estate Developers' Association of Singapore (REDAS) says long-term plans revealed by the government recently have opened up "tremendous economic and business opportunities." REDAS president Chia Boon Kuah, speaking at their Mid-Autumn Festival luncheon on Wednesday, noted that Tanjong Pagar and Paya Lebar will be the biggest blank slates for REDAS members to work on since Marina Bay. The...
The usual spike in private property sales associated with the end of the Hungry Ghost Month may be more muted this year as the market is still coming to terms with the impact of the recent introduction of new loan restrictions. There was a flurry of activity over the weekend, with a number of condominium launches and previews, but analysts said this might not translate into the sudden, big increase in...
Several new properties have been launched or opened for preview this weekend but some property developers said sales have been affected by recent loan restrictions. Skywoods condominium at Dairy Farm Road is one of the new properties that has been launched this weekend. It is going at an average of S$1,250 per square foot. Out of 420 units, 150 units are on offer at this phase. At its pre-launch...
Resale prices of private homes have surged to record highs in August. This is despite a slew of property cooling measures introduced by the government, including recent curbs on housing loans. Still, analysts are mixed on their outlook on where private property prices are heading. Prices of private non-landed residential resale units climbed 1.5 per cent last month, according to data compiled by...
Buyers are being drawn to more affordable and smaller units following the government’s latest property cooling measures and stricter loan rules, according to a report from DTZ. During the second quarter, 2,571 buyers (38 percent) opted to buy homes below S$1 million, higher than the 1,835 buyers (31 percent) in the previous quarter. Purchases between S$1 million to S$1.5 million also increased to 33...