Singapore's resale property market continues to slow as buyers remained on the sidelines after the government's latest round of property cooling measures. Flash figures from the Singapore Real Estate Exchange (SRX) revealed that transaction volumes in both private and HDB resale markets fell last month. Prices stayed fairly resilient as the overall median price of resale HDB flats inched up, while...
Market Reports
Sales of new private homes, excluding executive condominiums, halved to 1,375 units in April, compared to March. This was down from the record 2,793 units sold by developers in March, the highest monthly sale volume since June 2007. According to the latest figures released by the Urban Redevelopment Authority, the April 2013 figure was also lower than the 2,497 new home sales recorded a year...
Singapore's luxury home prices have fallen, according to property consultant Jones Lang LaSalle. Prices in the first quarter fell 0.6 per cent quarter-on-quarter, and 4.3 per cent year-on-year. Jones Lang LaSalle said the price decline was partly due to government measures to cool the property market. Latest measures introduced in January this year are the seventh round of property cooling...
The Capitol Investment Holdings consortium has sold 12 of the 39 residential units in its S$750 million Capitol project, reported The Business Times. Units were sold at an average price of S$3,000 psf. Located at the junction of Stamford and North Bridge roads, the mixed-use development is expected to open in Q4 next year. Aside from its residential component called Eden Residences Capitol, there are...
Private residential property prices in Singapore rose by 0.6 per cent in the first quarter of 2013, compared to the 1.8 per cent price growth recorded in the fourth quarter of 2012. This is according to data released by the Urban Redevelopment Authority (URA) on Friday. Private residential property rentals went up by 0.8 per cent in the first three months of this year, which was marginally higher...
Sales of new private homes jumped by four times in March, compared to February. Latest figures released by the Urban Redevelopment Authority showed that developers sold 2,793 new units (excluding executive condominiums) in March This is the highest monthly sale volume since June 2007, surpassing the previous high of 2,772 units in July 2009, according to Dennis Wee Group. This is also in sharp...
Foreign buyers of Singapore properties have not totally fled the market, despite the higher taxes that they have to pay following tough cooling measures. More are finding it worthwhile to adjust their budgets, just to get their hands on their dream homes. A market flushed with cash and low borrowing rates has made investors all over the world to seek safe havens in Singapore properties in the last...
Prices in the resale private property market fell just two per cent in March compared to February, according to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX). But resale volumes in March jumped 87 per cent from February. The drop in resale private home prices was led by those in the suburbs, where resale prices fetched S$1,071 per square foot, 3 per cent lower...
First-time home buyers have been propping up demand in the local property market. They are not affected by the latest cooling measures implemented in January since they belong to the group without a mortgage loan. 24-year-old Travis Ye became a condo owner for the first time in September last year, when his parents put down a 30 per cent downpayment for his S$1.4 million condominium at eCo. That's...
Prices of private resale homes dropped 1.4 per cent in February from January, after rising 0.8 per cent month-on-month in January. This is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The weaker SRPI data from the Institute of Real Estate Studies at the National University of Singapore (NUS) comes in the wake of...