Private home prices may have risen by close to 8 per cent last year according to flash estimates from the Urban Redevelopment Authority (URA), but analysts say that this increase will not be sustained in 2019. Private home prices in Singapore rose 7.9 per cent in 2018, said the URA on Wednesday (Jan 2), a 6.8 percentage point increase from the year before. However, the growth appeared to have slowed...

Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent rise the year before, according to flash estimates from the Urban Redevelopment Authority (URA) on Wednesday (Jan 2). However, the rise appeared to have slowed significantly after the Government introduced more measures in July to cool the red-hot market. Private home prices slowed to a 0.5 per cent increase in...

Prices of resale flats in Singapore fell 0.9 per cent in 2018 compared to the year before, flash estimates released by the Housing and Development Board (HDB) on Wednesday (Jan 2) showed. In the fourth quarter of 2018 alone, prices fell an estimated 0.2 per cent, according to HDB’s resale price index. The index, which provides information on the general price movements in the resale public housing...

Prices of completed private apartments and condominiums in Singapore fell again by 0.4 per cent in November from the previous month, after a 0.6 per cent month-on-month decline in October. This is according to the National University of Singapore's (NUS) flash estimates released on Friday for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. The...

Prices of completed private apartments and condominiums in Singapore fell again by 0.4 per cent in November from the previous month, after a 0.6 per cent month-on-month decline in October. This is according to the National University of Singapore's (NUS) flash estimates released on Friday for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. The...

The Singapore government on Friday said that it has launched five sites in the confirmed list and seven sites in the reserve list under the Industrial Government Land Sales (IGLS) programme for the first half of 2019, with a total site area of 11.86 hectares (ha). This is down from six confirmed list sites and seven reserve list sites, with a total site area of 12.59 ha, for the second half of...

The outlook for the private residential leasing market looks promising in 2019, with rent and occupancy rates likely to improve as supply eases and demand continues to be supported by displaced owners. According to data from the Urban Redevelopment Authority (URA), a total of 10,119 private residential units are slated for completion in 2019, higher than the 7,898 units that could be completed this...

Home owners will be allowed to rent out their flat or bedrooms to non-Malaysian non-citizen tenants for a maximum of two years from Jan 1, 2019, the Housing and Development Board (HDB) said on Tuesday (Dec 18). This is up from the current 1.5 years. The revised tenancy period will apply to all rental applications involving non-Malaysian non-citizen tenants that are received by HDB on or after Jan 1,...

Sales of private homes by developers in Singapore surged 52 per cent in November from a year earlier after asharp increase in the number of new projects launched, official data showed on Monday (Dec 17). The robust sales come - which follow government measures in July to cool the property market - at a time of the year when demand usually begins to wind down due to the start of the year-end holidays, an...

More than 30 collective sales sites have failed to find successful bidders at the close of tender, following the latest round of cooling measures introduced in July. In a bid to entice developers, around 15 en bloc projects have sought to lower their asking prices, according to Huttons Asia. One of them is Park View Mansions in Jurong, which relaunched its tender for a second time on Wednesday (Dec...