Mass-market new private residential units are proving to be more popular among Singaporeans. And many are buying them for investment purposes rather than to stay in, says an analyst. From January to May this year, the number of new private residential units sold in Singapore was 8,247 - about twice the number of resale private residential units sold. For new private residential units outside the...
real-estate
Leasing demand in Singapore is up, despite some curbs on the issuance of employment passes. This is according to property consultancy Savills. Savills said the greater leasing demand is driven by an increasing number of overseas nationals who are here on a short-term project basis of between six months and a year, as well as the rising number of newly-wed couples waiting for their homes to be...
74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline. According to a recent survey conducted by property website iProperty Group, 60 per cent of the Singapore respondents have called for additional cooling measures. This compares to 27 per cent who do not want further cooling measures. The portal...
Sales of new private homes in Singapore plunged in July. Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June. Market watchers had anticipated the sharp drop in sales transactions on the back of new loan curbs introduced on 29 June and the lack of new major project launches in July. The...
Property analysts expect new private home sales in Singapore to likely plunge by some 63 percent in July. And they say the sharp drop in sales volume is partly due to new property loan restrictions implemented on June 29. Two projects - J-Gateway and Jewel@Buangkok - accounted for more than half of the 1,806 new homes sold in June. But sales in July are expected to weaken considerably. Based...
With major Singapore developers like CapitaLand and City Development warning that the Singapore's real estate market will face headwinds in the near term, many of Singapore's small and medium-sized developers are looking overseas for new growth frontiers. Developer TEE Land recently announced new developments in Malaysia, Thailand and New Zealand. It attributes 25 per cent of the company's revenue...
The Population White Paper released earlier this year drew public ire with its projection that the population in Singapore could reach 6.9 million by 2030, a figure that most agree would put a tighter squeeze on resources in an already crowded city. While it brought demographic challenges into the spotlight, the White Paper stoked an underlying concern which resonated among many Singaporeans: The price...
The Tembusu – an exclusive residence that is the perfect synergy of exquisite living, convenience and modern ambiance. The project is just minutes away to Kovan MRT station. Residents will find it a breeze to zip around with well-connected roads and easy access to three major expressways – the TPE, CTE and PIE. Designed by multiple award-winning architects Arc Studio Architecture + Urbanism, the...
A freehold boutique development in a popular downtown location marking the start of the new Waterfront City masterplan, Onze comprises 56 apartments and 13 ground level commercial units within a 14 storey complex, complete with sky terrace and rooftop swimming pool. Architecturally, the sleekly simple and yet fluidly dynamic lines of the box-based building features are an artistic statement set against the...
Sentiment within the real estate market has been hit hard by various cooling measures implemented by the government, with industry players anticipating an unfavourable business climate for the rest of the year. A net weighted balance of 41 per cent of property firms surveyed by the Department of Statistics expect business to slow down in the second half of the year, due to the recent implementation of...