The price index for private homes fell 1.1 per cent in the second quarter, the third continuous quarter of price decrease, according to flash estimates released by the Urban Redevelopment Authority (URA) today (July 1). Prices of non-landed private residential properties in all market segments declined in the second quarter, the agency said. In the core central region, prices fell 1.5 per cent, more...
real-estate
Singapore has been ranked the most transparent real estate market in Asia. This is according to Global Real Estate Transparency Index 2014, published by consultancy firm JLL. Overall, the top positions are still dominated by markets in the west. Singapore maintained its 13th place in the index. But with Hong Kong slipping from 11th in 2012 to 14th in the latest report, it has pushed Singapore to top...
The private residential property market sprang to life in May after months of remaining in the doldrums, with developers’ sales surging 96 per cent as buyers snapped up units at the slew of new launches last month. Developers sold 1,470 new private homes last month, nearly doubling the 749 units that they moved in April, latest data by the Urban Redevelopment Authority (URA) showed on Monday (June...
While more developers have taken to cutting prices to improve sales amid a property slowdown, potential home buyers anticipating a broad-based price war may be disappointed as the private residential market has yet to reach a tipping point that could trigger such a situation. Analysts told TODAY that most developers are not in a rush to lower prices given that demand has yet to reach a standstill....
Resale transactions for non-landed private residential units fell by 7.5 per cent month-on-month in May, and prices dipped slightly to mark a 17-month low since December 2012, according to Singapore Real Estate Exchange (SRX). In its flash report for May released on Monday (June 9), SRX said an estimated 421 transactions were registered, down from the 455 transactions in April. This represented a 42.6...
Residential properties in prime Singapore districts have become less popular with Indonesians investors, who are now focusing on cheaper apartments in outlying areas, real estate consultancy DTZ said on Tuesday (May 27). DTZ said fewer than one in five of homes purchased by Indonesian investors during the fourth quarter of 2013 and the first quarter of 2014 were in districts 9, 10 and 11. This is...
To see how impactful the government’s cooling measures have been, look no further than District 9. Data from the Singapore Real Estate Exchange (SRX) for last month showed that the median Transactions-Over-X Value (TOX) for District 9, which consists of Orchard, Cairnhill and River Valley, was negative S$130,000. Each month, SRX algorithms compare the actual transacted value for each unit in a...
New private home sales picked up last month, recovering from the doldrums they sank into in March after developers shaved prices, and analysts said the market will become more active with several attractive launches expected in the coming weeks. Last month, 745 private homes were sold, 55 per cent more than the 480 units offloaded in March, data released by the Urban Redevelopment Authority (URA)...
Resale prices of non-landed private homes hit a 16-month low in April, while the resale volume last month reached its highest since October last year, according to the latest flash estimates from the Singapore Real Estate Exchange (SRX). Advance data from SRX showed that overall resale prices of non-landed private residential properties slipped by 1.7 per cent in April from the previous month -- the...
The pleasures of life are maximised to the limit at 26 Newton. The 26-storey skyscraper consists of 180 units ranging from 1,2 and 2 + 1 - bedroom to duplex penthouse. Situated at Prime District 11, convenience is not a privilege, but a way of life. In proximity are Orchard Road, CBD and Integrated Resorts. Newton and Novena MRT stations, shopping malls, Newton Food Centre and expressways are within...