PRICES of high-end residential homes are bottoming out on the back of a host of reasons such as a significant volume pick-up, return in foreign interest, relatively cheaper pricing compared to global peers and a limited supply in the medium to long term. This is according to the projections of JPMorgan, the latest among market watchers to call for a bottom in the high-end segment here. A list of some...
real-estate
PRICES of completed private apartments and condominium units here generally eased in August over July, with the Non-Central Region faring worst. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Singapore Residential Price Index (SRPI) series released on Wednesday. NUS' data showed that the sub-index for Non-Central Region (excluding small units of...
AT its recent mid-Autumn festival lunch, the Real Estate Developers' Association of Singapore (Redas) flagged the nearly 21,500 unsold private residential units in the pipeline as at the second quarter, and warned that if industry experts expect only between 7,500 and 8,500 units to be sold by year's end, it would take about three years for the market to sop up these unsold units. Indeed, official...
The Zhou family from Shanghai who picked up an office block at 137 Cecil Street last year has bought a 60 per cent stake in the company that owns the next-door property at 139 Cecil Street. The latest deal is said to value the 11-storey property at S$140 million. It is on a site with 99-year leasehold tenure starting Aug 20, 1981, which means the balance lease is around 64 years. Written permission...
Never mind that Singapore is experiencing one of the worst property slumps in its history, demand for luxury housing is suddenly coming from an unexpected group: wealthy Indonesians. This year's purchases by Indonesian nationals of homes valued at S$5 million or more have already nearly quadrupled from last year's total. The stepped-up buying coincides with the passage of a law in Jakarta aimed at...
RESALE prices of non-landed private homes in Singapore eased 0.8 per cent in August 2016 over the previous month, based on SRX Property's flash estimate for last month released on Tuesday. This follows a revised 0.7 per cent month-on-month decline in the index for July 2016. SRX Property had earlier indicated a 0.4 per cent drop for July based on its flash estimate for that month. Giving a...
PRICES of completed private apartments and condominium units in Singapore crept up 0.2 per cent in July over the preceding month. This is according to the National University of Singapore's (NUS) July 2016 flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Monday. The July increase in the index follows a 0.7 per cent month-on-month gain in June 2016, based on the...
DESPITE a 0.5 per cent month-on-month decline in resale prices of condos and apartments in the Core Central Region (CCR) in July 2016, prices in the region were up 6.2 per cent year on year. This is according to SRX Property flash estimates for last month released on Wednesday. The CCR has outperformed the other two regions tracked by SRX's resale price index for non-landed private homes, on a y-o-y...
RENTS for non-landed private homes in Singapore remained on a slide in July, marking a 0.4 per cent decline from a month ago and a 4.8 per cent fall from a year ago. The main drag came from the suburban region or the Outside Central Region (OCR), where rents slipped 1.1 per cent month on month, followed by a 0.7 per cent decline in the Core Central Region (CCR). Meanwhile, rents in the city fringe or...
RESALE prices of non-landed private homes in Singapore eased 0.4 per cent in July 2016 over the previous month, based on SRX Property's flash estimate for last month released on Wednesday. The drop contrasts with a revised 0.4 per cent month-on-month gain in the index for June 2016. SRX Property had earlier indicated a 0.5 per cent increase for June based on its flash estimate for that month. The...