Singapore's private home price index rose 0.5 per cent in Q4 2019 over the prior quarter, faster than the 0.3 per cent flash estimate released on Jan 2, according to the latest data from the Urban Redevelopment Authority (URA) on Thursday. For the full year of 2019, prices were 2.7 per cent higher, versus the 7.9 per cent rise in 2018. In Q3 2019, the index rose 1.3 per cent. In Q4 2019, prices of...
singapore property market
Private home sales in 2019 rose 15 per cent to 10,104 units - signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December. Housing demand was robust across the board, with six of the top 10 selling projects located in the outside central region (OCR) as HDB upgraders continued to snap up private homes, noted Lee Sze Teck, Huttons Asia director...
Sales of new private homes plunged 53.8 per cent month-on-month last December, on the back of the year-end holidays and with few new units launched. Developers sold 538 homes - excluding executive condominiums - in December, according to data complied by the Urban Redevelopment Authority (URA). This was a sharp drop from the revised 1,165 homes sold the previous month. On a year-on-year basis,...
The cooling measures introduced in July 2018 have dampened overall home-buying demand but in the top end of the condo market, foreigners may have shown more resilience. Drawing data from the Urban Redevelopment Authority's (URA) Realis, a report by ERA Research & Consultancy showed that the number of non-landed private residential units in the Core Central Region (CCR) bought by Singaporeans sank some...
The number of Singapore condominium units resold last year totaled just 9,017, sliding 27.4 per cent from 2018, according to real estate portal SRX Property's latest report on the non-landed private residential resale market. As for December 2019, an estimated 650 units were resold during the month, dropping 15.4 per cent from the previous month but increasing 21.5 per cent year on year (y-o-y),...
Prices of private homes in Singapore are expected to rise by between 1 and 5 per cent this year, analysts say, after clocking a 2.5 per cent gain in 2019. At 2.5 per cent, the price growth moderated from the 7.9 per cent clip in 2018, the Urban Redevelopment Authority's (URA) flash estimate showed. For the fourth quarter of 2019, the overall price index for private homes was up 0.3 per cent - led by...
2019 was a busy year for the Ministry of National Development, with several major announcements related to housing policies. Advertisement Analysts told TODAY that they expect 2020 to be a “quiet year” with few to no policy changes, especially with a General Election around the corner — it has to be called by April 2021. Mr Nicholas Mak, the head of research and consultancy at real estate...
Private home prices in Singapore rose for the third consecutive quarter in 2019, as the Urban Redevelopment Authority's (URA) flash estimate for the fourth quarter of 2019 shows that its overall price index for private homes rose 0.3 per cent over the prior quarter. For 2019 as a whole, prices are up 2.5 per cent, versus the 7.9 per cent rise seen in 2018, according to the URA flash data released on...
Singapore's property market has been nothing but resilient in 2019. In particular, the residential primary sales market stood out as demand strengthened in the second half of the year even as trade tensions between the United States and China escalated, and the 2019 economic outlook for Singapore dimmed. Developers sold 29 per cent more new homes in the five months between July and November 2019,...
Singapore's total real estate investment volume fell 31.8 per cent to S$22.83 billion as at Dec 13, the lowest volume since 2016, according to CBRE on Thursday. This was due to a slower collective sales market this year compared with a year ago. The previous year saw a few large collective sale sites being transacted, along with the award of two Government Land Sale (GLS) sites worth over a billion...