Resale prices of completed non-landed private homes continued to fall last month, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday, with declines registered across the board. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices decreased by 1.1 per cent last month from the month earlier,...
real-estate
There was no last-minute reprieve for the private housing market in Singapore in the first three months of the year, with finalised data from the Urban Redevelopment Authority (URA) confirming that the price decline had picked up pace amid persistently weak sentiment. Private home prices slipped 1.3 per cent in the first quarter of the year from the previous three months, unchanged from the preliminary...
Sales of private homes by developers in Singapore fell 35 per cent in March from February, data compiled by the Urban Redevelopment Authority (URA) showed on Tuesday. Developers only managed to sell 480 units last month, down from 739 units in February. From a year ago, new private home sales plunged 83 per cent from March 2013's 2,793 units. Transactions in Singapore's housing market have fallen...
Buying activity in Singapore's private residential market remained tepid in the first quarter of this year. Property consultancy DTZ said in its latest report that only 906 private homes changed hands in the secondary market in the first quarter. This was a 34 per cent quarter-on-quarter decline or 62 per cent decline year-on-year. DTZ attributed the slower activity to buyers becoming more...
Newly-released government flash estimates for housing prices in the first three months of the year show that they have continued their downward trend. Private home prices fell a further 1.3 per cent from the previous quarter, while Housing and Development Board resale prices sank another 1.5 per cent. The downtrend was no surprise, as updates from other real estate bodies providing monthly data have...
Private residential property prices have been subdued, following cooling measures by the government last year. Overall, they are expected to remain muted this year. But some analysts have said prices of private homes in the city fringe could start picking up soon. This is due to new project launches in attractive locations like Commonwealth Avenue, Kim Tian Road and Prince Charles...
After a tumultuous final quarter last year, Singapore’s housing market continued to weaken in the first three months this year as prices in both the private and public sectors fell and analysts warned that there will not be any reversal in fortunes as long as the Government’s cooling measures stayed in place. Private home prices slid 1.3 per cent in the January-to-March period from the previous...
Resale prices of completed non-landed private homes continued to fall last month, showed Singapore Residential Price Index (SRPI) flash estimates released yesterday, dragged down by an acceleration in the decline in prices of shoebox apartments. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices falling by 0.4 per cent last month...
Total investments on Singapore properties among international investors surged to S$6.4 billion last year, says property consultancy Knight Frank. This was nearly double the S$3.4 billion in 2012. The residential segment accounted for the majority of the investments, but analysts say investors are shifting their focus to hotels and commercial properties. "The Panorama" in Ang Mo Kio by Hong Kong's...
Analysts said developers could start looking at building more smaller units because buyers have become more price-sensitive, pushing up demand for smaller homes. Caveats lodged with the Urban Redevelopment Authority showed that the number of new units under 800 square feet accounted for about 48 per cent of total sales in 2013. Over a month into its launch, some 40 per cent of units at UOL's 555-unit...