Sales picking up after quiet June with World Cup, school holidays SALES have stayed fairly hot at a new condominium in Bukit Timah with 114 flats in the 172-unit estate now sold in just over a week, including 24 of the 30 pricey penthouses. Ten apartments were snapped up at the official launch of the Terrene yesterday following the 104 that have been sold since a private preview started on July 8, UOL...
singapore property market
More developers are engaging world-class architects as buyers get more sophisticated It is hard to miss the striking high-rise residential projects in central Singapore, some designed by internationally renowned architects. In recent years, these internationally acclaimed names include German Ole Scheeren - who was behind The Interlace in the Alexandra Road area - and American Daniel Libeskind, who...
Trends in other cities show demand for luxury apartments in S'pore may grow yet Singapore has long been seen as a safe investment haven - and foreigners are responding by snapping up property across the island. About 23,000 non-landed private homes have been bought by foreigners since 2007 - of which about 35 per cent are high-end homes in districts 1, 2, 4, 9, 10 and 11 - based on the Urban...
This after a breather for home sales in lazy June Students were not the only ones taking a break during the mid-year school holidays. Home seekers also slowed their pace, buying just 847 private homes from developers in June. This is the smallest number of new sales in a month since the start of the year. It is 22 per cent lower than the 1,083 units sold in May, and 62 per cent below April's 2,208...
World Cup, school holidays, lack of supply among reasons cited for drop Private home sales continued to slow last month, falling to below the 1,000-unit mark for the first time this year. Data from the Urban Redevelopment Authority (URA) showed that only 847 new units were sold last month - the lowest number of private home sales so far this year. The figure is 22-per-cent lower than the 1,083 homes...
Demand for new private residential properties continues to moderate. The number of new homes sold fell in June to 847 units, according to figures from the Urban Redevelopment Authority. That's down from 1083 transactions done in May 2010. The top sellers in June include projects like The Minton, La Brisa and Waterfront Gold. URA says 143 new homes in the city and prime districts were sold during the...
Despite complaints about ever-rising property prices, some private properties are still valued below their original purchase price. Shin Min Daily reported that even with the recent boom in the property market, some condominiums which are more than 10 year old are priced about 20 per cent cheaper than newly built ones. Home buyers in Singapore tend to favour the latest 'flavour' on the market, property...
Sales are still going strong for so-called Mickey Mouse apartments or those that measure 500 square feet or less. According to Credo Real Estate, transactions of Mickey Mouse units made up 9.5 per cent of total transactions in the first half of this year. This is a three percentage point increase from the same period last year. But analysts are divided on whether demand for these units can be...
Others say excessive liquidity exaggerates prices PROPERTY prices of both private and Housing Board resale flats have, for the first time, surpassed previous peaks to reach new records. Latest official estimates show private home prices rose 5.2 per cent in the second quarter, after a 5.6 per cent jump in the first quarter. That means prices are now 1.5 per cent above the 1996 highs. HDB resale flat...
Even though transactions of new home sales have dropped, prices seem to have held up. For bargain hunters who are looking for properties in the price range of $600 psf, one can consider Choa Chu Kang. Take for instance the 553-unit Regent Grove, a 99-year leasehold condominium located at Choa Chu Kang North 7 (near the Yew Tee MRT station.) It appears to be drawing homebuyers on the lookout for reasonably...