Resale volume of non-landed private homes in Singapore rose 0.4 per cent to about 1,286 units resold in September 2020, from 1,281 units resold in August 2020. Volumes were up 62.8 per cent from September 2019 and 64.5 per cent higher than the five-year average volumes for the month of September. Overall prices meanwhile, edged up 0.1 per cent month on month and year on year. By region, resale...
Private home prices in Singapore rose by 0.8 per cent in the third quarter from the previous quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on Thursday (Oct 1). The private residential property index rose by 1.2 points, from 152.6 points in the second quarter to 153.8 points in the third quarter. The increase is slightly more than the 0.3 per cent rise...
Singapore’s economy contracted 13.2 per cent year-on-year in the second quarter, leading the Government to downgrade its forecast for the country’s gross domestic product to shrink between 5 and 7 per cent, instead of between 4 and 7 per cent. This would be the nation’s worst recession since independence. It’s also not a pretty picture on the job front. A total of 11,350 people were laid off...
HDB upgraders recycling their flats into private homes will likely continue to buttress private residential projects, based on recent strong sales at the latter, notwithstanding the coronavirus pandemic. Sales volumes at private residential projects continued to be driven by Singaporeans as the key buyers, DBS Group Research wrote on Tuesday while dubbing the Singapore property market "a bed of...
It was a mixed picture for Singapore's rental housing market - while rents for HDB flats and private apartments saw their first monthly increase in four months in July, leasings fell as the novel coronavirus pandemic continued to impact travel and jobs. SRX Property data showed HDB rents rose 1.4 per cent in July from the previous month, a bigger rate of increase than the small 0.4 per cent rise for...
Property developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo project on Aug 8 during a virtual booking day event. Homebuyers who made a booking during the launch got their units at an average transacted price of S$1,880 per square foot, with interest balanced across unit types, both parties...
Private home prices in Singapore in the second quarter edged up 0.3 per cent from the previous quarter, while transactions fell to its lowest in more than two years amid the COVID-19 pandemic, updated data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 24). The private residential property price index increased to 152.6 points in the second quarter, up from 152.1 points in the first...
Despite the economic slump as a result of the Covid-19 pandemic, the existing cooling measures for the property market will stay, the head of Singapore’s central bank said. Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said that this is because the property market has remained stable as a result of previous property curbs. There are also the temporary relief measures...
Private home prices in Singapore in the second quarter fell 1.1 per cent from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Wednesday (Jul 1). The private residential property price index decreased by 1.7 points from 152.1 points in the first quarter to 150.4 points in the second quarter. "This represents a decrease of 1.1 per cent compared to the...
The Government has reduced the supply of private residential units on the confirmed list of its land sales programme for the second half of this year, due to the economic impact from the COVID-19 pandemic. Three private residential sites - including one executive condominium site - have been added to the confirmed list of the Government Land Sales (GLS) Programme for the second half of 2020, said the...
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