The private housing market remained in the doldrums in August, with sales of homes falling 15 per cent from the previous month as developers continued to scale back new launches. Excluding executive condominiums (ECs), developers sold 432 new units last month, down from the 509 units sold in July, data from the Urban Redevelopment Authority showed on Monday (Sep 15). Including ECs, 490 new units were...
real-estate
The private housing market remained in the doldrums in August, with sales of homes falling 15 per cent from the previous month as developers continued to scale back new launches. Excluding executive condominiums (ECs), developers sold 432 new units last month, down from the 509 units sold in July, data from the Urban Redevelopment Authority showed on Monday (Sep 15). Including ECs, 490 new units were...
The private housing market showed signs of life in August with resale prices rising for the first time in five months, shrugging off the traditionally inauspicious Hungry Ghost month, but analysts have warned it is too early to say a sustained turnaround is on the cards. Resale prices of non-landed private homes registered a month-on-month increase of 0.4 per cent last month, reversing the previous four...
Home prices in Singapore will decline at a steeper pace, falling by 20 per cent between this year and 2016, as economic restructuring as well as property and loan curbs continue to weigh on the housing market, Bank of America Merrill Lynch (BAML) said in its research report released Tuesday (Sep 9). “Overly tight population policies will imply the dominance of ageing-resident demographics over the...
Resale prices of non-landed private homes in August rose 0.4 per cent month-on-month, according to flash estimates from the Singapore Real Estate Exchange (SRX) on Monday (Sep 8). Still, when compared with August 2013, resale prices of non-landed private homes have dropped 5 per cent. Compared with the recent peak in January 2014, prices have declined 5.3 per cent, SRX said. Resale prices of private...
Resale prices of private homes slipped lower in July according to Singapore Residential Price Index (SRPI) estimates, which were released on Thursday (Aug 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices fell 0.3 per cent in July from the previous month. In June, prices fell 0.5 per cent from a month earlier. Prices of small...
With cooling measures still in place, home prices in Jurong are unlikely to increase significantly, a property watcher said. This is despite the redevelopment plans for the area, which were announced at Sunday's (Aug 17) National Day Rally. Real estate agency PropNex says prices of HDB resale flats in Jurong have gone up by 70 per cent in the last seven years. There has also been a rise for the private...
With the Total Debt Servicing Ratio (TDSR) framework proving effective in keeping housing prices in check, some of the property cooling measures introduced over the past five years may have become redundant, said real estate experts yesterday. At a discussion at the annual National Real Estate Congress, panellists highlighted the Seller’s Stamp Duty (SSD) — imposed in February 2010 and subsequently...
The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches. Property developers sold 484 new private homes last month, up marginally from the 482 units sold in June, latest data from the Urban Redevelopment Authority (URA) showed on Friday (Aug 15). Including executive condominiums (ECs), 535 new units were...
While real estate industry players understand the Government’s intention in keeping the property cooling measures intact, it is still worth reviewing the curbs as some may have become “redundant” given how effective the Total Debt Servicing Ratio (TDSR) has been in keeping prices in check. That was the takeaway from a discussion at the annual National Real Estate Congress on Tuesday (Aug 12),...