Sales of private homes by developers in Singapore rose 36.3 per cent year-on-year in September, official data showed on Tuesday (Oct 15). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,270 units last month, excluding executive condominiums, compared with the 932 units sold in the same month a year earlier. This is the largest number of new homes sold in the month of...
A higher proportion of Singaporeans would like the Government to regulate prices of new private homes compared to six months ago, based on a survey by property portal PropertyGuru. Out of 794 respondents polled in the first half of this year, 58 per cent said that there should be more price regulation — up from 49 per cent in the second half of last year. The survey, which is conducted...
The luxury end of Singapore's residential market is hot, and according to Colliers International Group, it's because of increased interest from mainland Chinese nationals. While some market watchers have speculated the turmoil in Hong Kong may lead people there to buy property in Singapore, it seems that isn't necessarily the case. "The increase in luxury home sales could be due to more China buyers...
Rental prices in Singapore fell in September for both non-landed private homes and HDB flats as compared to August, though the rents increased on a year-on-year basis. This is according to SRX flash data released on Wednesday. Meanwhile, rental volumes fell for private condominiums, but rose for HDB flats on a month-on-month basis. Overall rents for condos declined 0.4 per cent from August, but...
Resale prices of Singapore non-landed private residential properties picked up slightly in September after a previous tepid month, while volume of sales inched down further from August, according to monthly figures from real estate portal SRX Property released on Tuesday. Overall condominium resale prices rose 0.8 per cent in September from a year ago. All regions also saw higher prices year on year....
Two straight quarters of increases in the overall private home price index of the Urban Redevelopment Authority (URA) have sparked a debate on whether this might prompt the authorities to respond with more measures to cool down the property market. Barclays' regional economist Brian Tan thinks the risk of more cooling measures has risen to "a relatively high level", and that the government could act...
Private home prices in Singapore rose for the second consecutive quarter, with apartments in the central region proving most popular with buyers. The private residential property index increased 0.9 per cent to 152.2 points in the third quarter, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Oct 1). Private home prices had fallen 0.7 per cent in the first quarter and 0.1 per...
Sales of Singapore apartments worth at least S$10 million have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets, say property consultants OrangeTee & Tie on Friday (Sept 20). Investors have long viewed Singapore as an island of stability that attracts the super-rich from its less developed Southeast Asian neighbours, as well as multimillionaires from...
Sales of private homes by developers in Singapore rose 81.9 per cent in August from a year earlier, official data showed on Monday (Sep 16). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,122 units last month, compared with 617 units in the same month a year earlier. However, sales fell from the 1,179 units sold in the previous month. Analysts said sales momentum...
While market activity typically tends to slow during the Hungry Ghost month, sales volumes for private homes in August seemed to hold strong as developers sold over 1,000 new homes. The 1,468-unit Parc Clematis is the top selling private residential project, with 316 units snapped up in August (as at Sept 12). Other projects launched earlier that continued to bring in a steady stream of buyers during...
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