The Ministry of National Development (MND) said it will inject about 43 sites into the government land sales programme (GLS) for the second half of this year. Out of the 43 sites, 19 sites will be on the confirmed list, while 24 sites will be on the reserve list. To address the strong demand from home buyers and developers, MND said 17 out of the 19 sites on the confirmed list will be for residential...
singapore property market
Sales of luxury properties in Singapore seems to be losing its shine and has slowed down in recent weeks. That is according to industry players who say that the segment has underperformed despite the overall property boom last year. Analysts said most buyers of luxury properties here, mainly foreign investors, are turning cautious about buying their next multi-million dollar home due to the uncertain...
Prices of luxury homes in Singapore have moderated in the first quarter of this year due to property cooling measures, data from CB Richard Ellis' (CBRE's) Asian Luxury Residential Capital Value Index showed on Monday. The measures, announced in January, included raising the seller's stamp duty and reducing credit available to those who already have outstanding mortgages. CBRE said the increase in prices...
Sales of luxury properties have hit a sluggish patch in recent weeks. That is according to industry players who said that the segment has underperformed despite the overall property boom last year. Analysts said most buyers of luxury properties, who are mostly foreign investors, are turning cautious about buying their next multi-million-dollar home, due to the uncertain global economy. Hamilton Scotts,...
There has been a flurry of transactions at The Sail @ Marina Bay, with prices playing catchup with those at Marina Bay Residences (MBR). Last month, a unit at MBR hit an alltime high of $4,368 psf. A 2,368 sq ft apartment on the 46th floor was sold for $10.3 million on April 15. This trumped the previous record of $3,790 psf, which was achieved when a 1,959 sq ft unit on the 46th floor was sold for $7.2...
When a country registers a 15 percent growth rate, as Singapore did last year, there is bound to be a spill-over wealth effect. Singapore’s housing market has been cashing in on this big time - prices have rebounded 50 percent in just two years, according to the Urban Redevelopment Authority, and cooling measures by the government have done little to calm them. At a recent real estate conference...
Private non-landed home prices in Singapore rose slightly in April, according to the NUS Singapore Residential Price Index. The overall index increased 1.0 per cent from March to an overall index value of 162.4. The index covers completed non-landed properties in the central and non-central regions. The index for properties in the central area rose 0.8 per cent in April. Non-central properties rose 1.1...
Homes around Cairnhill and Scotts Roads are getting a buzz from new launches and the completion of condominiums in the neighbourhood. CapitaLand recently launched its boutique development, the 64-unit Urban Resort Condominium, and of 34 units launched, 21 had been sold as at end-April, with the latest median price achieved at $3,076 psf, according to the latest data by URA. At the neighbouring The...
The biggest news for the real estate industry after the General Election has to be the appointment of Mr Khaw Boon Wan as the new Minister for National Development. Together with other new ministers, he will "have a free hand to rethink and reshape policies", Prime Minister Lee Hsien Loong has said. Mr Khaw has acknowledged that the issue of housing is red-hot with widespread unhappiness and he has...
Small apartment or condominium units - including the smaller "shoeboxes" - have captured the attention of the residential property market here in recent years with their popularity among buyers and the high per-square-foot prices that they are able to command. This trend towards small units is also occurring in major cities such as London, Tokyo and Hong Kong. It is part of an evolutionary process where...