A jump of interest in high-end luxury homes pushed prices in the segment, which has underperformed the rest of the market over the last two years, to a fresh all-time high in Q4 2010. In the rest of the market, prices of private homes as well as HDB resale flats grew more slowly in the fourth quarter compared to the first three quarters of last year. Flash estimates released by the Urban Redevelopment...
singapore property market
Residential property prices in Singapore continued to rise in the fourth quarter, capping off a full year of strong growth for 2010. Based on initial flash estimates, prices of HDB resale flats for the full year rose almost 14 percent while private home prices increased by 17.6 percent. But signs are emerging that the market is stabilising, as the rate of growth slowed in the fourth quarter. According...
Prices of private residential properties hit a new high in the fourth quarter of 2010. This is according to the latest flash estimates from the Urban Redevelopment Authority (URA). The price index for private residential property rose 2.7 per cent to 194.8 points. This compares with 2.9 per cent in the previous quarter. For the full year, the price index increased by 17.6 per cent in 2010. For the...
Singapore has emerged last in a Gallup poll of 128 countries on housing. The global survey by the renowned research firm centred on unaffordable housing. It polled 1,000 or more respondents in each country for the survey and posed this question: Have there been times in the past 12 months when you did not have enough money to provide adequate shelter or housing for you and your family? Only 1 per cent...
Bayshore Park may be 24 years old and on a 99-year lease tenure, but it remains popular. The 1,093-unit development comprises four 32-storey towers and three low-rise 10-floor blocks. The condominium was developed by Far East Organization (FEO) and completed in 1986. As one of the older developments in the area, the condo sits on a sprawling site of over one million sq ft. Designed with a seaside resort...
Runaway private housing prices compelled governments to impose cooling measures, with varying results Asia's residential property market stole much of the limelight this year as concerns of record property prices spurred government intervention in the form of repeated cooling measures. Singapore, China and Hong Kong were among the jurisdictions that have introduced anti-speculative measures to cool down...
Prices of freehold landed housing in Singapore's prime districts have surged 5.1 per cent in the fourth quarter from the previous three months, compared to growth of 2 per cent in the third quarter. The average price of landed homes in the prime districts in the fourth quarter stands at $1,693 psf, property consultant DTZ said yesterday. Outside the prime districts, landed prices are up by 4.3 per cent to...
Homebuyers looking for condominiums with good amenities, accessibility and proximity to popular schools and priced under $800,000 are finding them at Regentville, on Hougang Street 92. The 580-unit 99- year leasehold development also fronts the junction of Hougang Avenue 9 and Yio Chu Kang Road. Developed by Far East Organization, Regentville comprises five 15-storey towers of two-bedroom units sized 980...
Foreign buyers were out in force last month, snapping up almost one in three new private homes in Singapore. DMG & Partners Research shows that just under 30% of new private residential units were sold in November to foreigners or permanent residents (PRs). This marks an 8-percentage point gain on the 22% seen in October. The growth appears to come from Chinese buyers, who are increasingly making...
After setting a scorching pace in the early part of the year, it was widely expected that the housing sales market would lose a lot of its steam towards the year-end. Instead, Urban Redevelopment Authority data released on Wednesday showed developers' sales of private homes hit 1,909 units last month, indicating the market is not limping home but headed for a sprint finish. This will set a new benchmark...