Prices of new private home launches usually set the benchmark for resale properties in the area. But it seems that discounts offered by developers of major properties in the city since the fourth quarter of last year may not have spoilt the market yet. Buyers who bought units at D'Leedon near Farrer Road and Interlace at Alexandra Road in the fourth quarter last year could have enjoyed discounts of up to...
Market Reports
Transactions likely to have been inflated by buyers ‘rushing to complete purchases before the measures took effect’ The first collated property sales data for January suggests the latest round of cooling measures introduced last month may have had limited immediate impact, but analysts are cautioning it is still far too early to draw any firm conclusions about how the market is reacting. According to...
Resale prices of non-landed private residential units inched up 0.6 per cent in January, compared to December 2012, according to flash estimates released by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. A rush to buy properties to beat the latest round of cooling measures pushed demand higher and raised prices last month. Tough property cooling...
The hype over shoebox property units seems to have cooled down. Sales transactions in these small private apartments have fallen by 46 per cent in the second half of 2012. In the second half of 2012, some 1372 units were transacted compared to 2539 units in the first half of last year. Experts cited fewer launches as developers focus on building bigger units to meet demand. Still, analysts said there...
Rental movements across Singapore’s office, retail, industrial and residential segments are expected to be moderate this year, according to a report by Colliers International. Compared to 2012, rents of Grade A buildings are forecast to decline by five percent in 2013, while capital values could rise by five percent. Rents of luxury non-landed private housing could fall by 10 percent, while capital...
Singapore will get three new towns – Bidadari, Tampines North and Tengah – which are expected to provide 90,000 homes over the next few years, reported The Straits Times. The areas of Bukit Brown and Keppel could also be developed in the future, according to the Land Use Plan released by the Ministry of National Development (MND) last week. Tengah which is located in western Singapore is currently...
The future success of the government’s land use plans will depend on market timing and clarity on the details of development, said Alice Tan, Senior Manager for Research at Knight Frank Singapore. “To fulfil the optimisation of land use in the medium to long term, we expect the planners to be reviewing land usage in a comprehensive approach, from existing low intensity to higher intensity land...
China’s average home prices rose from year-ago levels in January for the second month in a row, signalling that the property market recovery is gaining momentum after last year’s slump, Dow Jones Newswires reported on Friday. Analysts said the uptick in prices was due to strong demand from buyers who had rushed into the market amid widespread expectations that housing prices would climb further this...
Some Executive Condominium (EC) developers have seen higher sales despite the government introducing a package of cooling measures on January 12. EC projects like One Canberra and Watercolours, which were launched last year, have seen sales jumped by about five times after the measures kicked in. In the two weekends after the new measures kicked in, One Canberra sold 30 units, up from two to three units...
New measures unveiled by the Government on Jan 11 to cool the housing market have been described by many industry watchers as the most comprehensive and harshest ever. Hold on. Hasn’t this description been used to describe at least one other previous set of cooling measures? To put the most recent curbs into proper context, we are moving from “Harsh” to “Harsh+”. Following the announcement,...