real-estate

Sales of new private homes rose in February despite the COVID-19 outbreak. Developers sold 975 homes – excluding executive condominiums – last month, 57.3 per cent higher than the 620 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Mar 16). This was also 114.3 per cent more than the 455 units sold over the same period last year, making it the...

Rents and volumes of non-landed private homes and HDB flats rose in the month of February, according to flash estimates from real estate portal SRX Property. Condominium rents rose 0.1 per cent from January and are up 3.3 per cent year-on-year. Month-on-month, rents in the core central region (CCR) rose 0.9 per cent, rest of central region (RCR) rents decreased 0.4 per cent and rents from the outside...

Developers moved 618 private homes in January this year, up 14.9 per cent from the 538 units they sold in the previous month. The latest figure is also 41.4 per cent higher than the 437 units developers sold in January 2019. The above figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority on Monday based on its survey of licensed housing...

Sales of new private homes rebounded last month, marking the strongest January showing in seven years. Developers sold 618 homes - excluding executive condominiums - last month, 14.9 per cent higher than the 538 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Feb 17). Advertisement This was also 41.4 per cent more than the 437 units sold over...

The housing rental market in Singapore is likely to see a temporary slowdown in activity due to the coronavirus outbreak as data released on Wednesday showed rents for both non-landed private homes and HDB flats rose in January while the number of leasings fell. Rents of private apartments and condominiums climbed 0.9 per cent month on month, after dipping 0.5 per cent in December, according to real...

Resale prices for non-landed private residential properties in Singapore rose slightly in January 2020 after a flat performance in December, according to flash estimates from real estate portal SRX Property. Condominium resale prices were up 0.5 per cent compared to December. Year on year (y-o-y), prices increased 2.3 per cent. Meanwhile, volume grew 4 per cent to 684 units resold in January, from...

Some Singapore-listed housing developers can now apply to be exempted from the Qualifying Certificate (QC) rules imposed on foreign housing developers, provided they have a "substantial connection to Singapore". This will spare them from having to pay hefty extension charges if they cannot meet stipulated deadlines to complete developing their projects and selling all the units. Developers that stand...

The private residential market in Singapore appears to be stabilising in line with economic fundamentals, said Chia Ngiang Hong, president of the Real Estate Developers’ Association of Singapore (Redas). "In the beginning of the year, most analysts expect new home sales for the year 2020 to remain resilient and roughly match 2019’s level. Prices of new homes are not expected to change much," Mr Chia...

Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31). Speaking at the the association's spring festival lunch, he said there could be more than 30 projects with 9,000 new units launched for sale this year. Half of the new projects are expected to be located in the core central...

Singapore property investment sales could increase by 6 per cent to S$31.3 billion in 2020 from S$29.5 billion in 2019, real estate services firm Colliers International said in its latest report. Investment sales volumes fell 12.7 per cent last year "largely due to the pullback in the residential property sector as cooling measures continued to bite", said Colliers. The commercial property sector led...