Demand for private homes in Singapore has been robust since 2009, pushing home prices to record high. To curb price increase, the government has implemented seven rounds of property market cooling measures since September 2009. Real estate consultancy Savills said home prices would have gone up by an additional 9.2 per cent in 2012 over 2009 if not for these measures. Speaking at an industry...
real-estate
Resale prices of private homes slipped 0.4 per cent in June from May, the second straight month of declines. In May, resale home prices edged 0.2 per cent lower from a month earlier. The price dip in June was largely due to price falls in the central region and small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the National University of...
Prices of private residential properties increased by 1.0 per cent in the second quarter of 2013. The increase in Q2 prices was higher than the flash estimate of a 0.8-per cent rise. In the first quarter, the price growth was 0.6 per cent. This is according to the latest figures released by the Urban Redevelopment Authority (URA). Prices of non-landed properties in the core central region dipped...
Many new private condominium projects are due to be completed this year, and some analysts expect more investors who have bought these units to start selling them, as private home prices are at an all-time high. Property consultancy Colliers International adds that it is probably a good idea to do so sooner rather than later. Home prices have been climbing in recent years. For example, those who...
Sales of new private homes, excluding executive condominiums, climbed 5.4 per cent to 1,455 units in May. This is compared to 1,380 new homes sold in April 2013, according to figures released by the Urban Redevelopment Authority (URA). The number of new private homes sold in the city fringes jumped by about 27 per cent from 473 units in April to 602 units in May. This was mostly due to new project...
The government is expected to announce its land sales programme for the second half of 2013 soon. Analysts expect the state to continue to put out an adequate supply of sites to meet housing demand. But some market watchers suggest that perhaps fewer sites can be offered under the Confirmed List to keep supply in check. In the first half of 2013, the government has set aside 12 residential sites...
The resale private home market is set for a rebound after a drop in transaction volume in the first quarter following the introduction of more cooling measures in January, with sales potentially doubling in the second quarter from the previous three months, according to property analysts. SLP International Property Consultants estimates between 3,600 and 4,300 units of both completed and uncompleted...
Investors appear to be “in denial” about the risks over residential property in Hong Kong and Singapore and that a slowdown in purchases will mean lower prices, private bank Coutts’ chief investment officer for Asia and the Middle East said today (June 3). “You get that fuzzy period when everyone tells you everything is fine until the point when the bank tells you (that) you must sell or you...
Market watchers have said the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January. Based on preliminary estimates, some analysts said sales could potentially double in the second quarter compared to the first quarter. New private homes may continue to pull in the buyers,...
Resale prices of completed non-landed private homes surged 1.9 per cent last month from March, extending the 1.1 per cent rise in the previous month, according to Singapore Residential Price Index (SRPI) flash estimates released yesterday, calling into question the effectiveness of the seventh round of property market cooling measures. The SRPI, compiled by the National University of Singapore’s (NUS)...