real-estate

Singapore's property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28). In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of risks and remain prudent. Property...

A hundred and four non-landed new homes with a price tag of S$5 million and above were sold in the first 10 months of this year - the highest tally in recent years. OrangeTee & Tie said the last high was in 2011, when 155 units priced above that level were transacted for the corresponding 10-month period. When looking at properties by price per square foot (psf), the number of new private homes sold...

Rents for non-landed private homes slipped in October from the previous month, while those for HDB flats edged up, although they were both higher than a year ago. Overall condo rents declined 0.2 per cent from September, but rose 4.2 per cent year on year. However, they are still 16.9 per cent below their peak in January 2013. The core central region (CCR) was the hardest hit, with a 0.6 per cent...

Resale prices for non-landed private residential properties in Singapore continued their rise in October following an increase in September, while volumes picked up from a slight dip, according to flash figures from real estate portal SRX Property on Tuesday. Condominium resale prices rose 0.8 per cent in October from the previous month, faster than the 0.4 per cent increase in September following three...

Developers in Singapore moved 1,270 private homes in September 2019, up 13.1 per cent from the 1,123 units they sold in the previous month and also 36.3 per cent higher than the 932 units sold in September 2018. The latest figure is the best showing in 14 months. The above figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Tuesday based...

A higher proportion of Singaporeans would like the Government to regulate prices of new private homes compared to six months ago, based on a survey by property portal PropertyGuru. Out of 794 respondents polled in the first half of this year, 58 per cent said that there should be more price regulation — up from 49 per cent in the second half of last year. The survey, which is conducted...

The luxury end of Singapore's residential market is hot, and according to Colliers International Group, it's because of increased interest from mainland Chinese nationals. While some market watchers have speculated the turmoil in Hong Kong may lead people there to buy property in Singapore, it seems that isn't necessarily the case. "The increase in luxury home sales could be due to more China buyers...

Two straight quarters of increases in the overall private home price index of the Urban Redevelopment Authority (URA) have sparked a debate on whether this might prompt the authorities to respond with more measures to cool down the property market. Barclays' regional economist Brian Tan thinks the risk of more cooling measures has risen to "a relatively high level", and that the government could act...

Midtown Bay - the residential component of Guoco Midtown integrated development that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Nestled within the City Hall office micromarket, Guoco Midtown will be the final critical piece of jigsaw that completes the transformation of the area. The development has a total...

Sales of private homes by developers in Singapore rose 81.9 per cent in August from a year earlier, official data showed on Monday (Sep 16). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,122 units last month, compared with 617 units in the same month a year earlier. However, sales fell from the 1,179 units sold in the previous month. Analysts said sales momentum...