Rates have followed the dizzying rise in private property prices but 'will stabilise or even correct' Rental rates for residential units have tracked the dizzying rise in private property prices, with rents for condominiums posting a significant increase of 5.8 per cent over the first five months of this year. Based on data from the Urban Redevelopment Authority (URA), median rentals of non-landed...
singapore property market
Property consultant DTZ Research said Singapore's investment sales market is seeing an increase in larger deals sealed. For the second quarter this year, there were 15 deals worth over S$100 million totalling some S$3.5 billion. Such deals make up nearly three-quarters of the total investment value of S$4.71 billion in the second quarter. The figure is much higher than the nine transactions of over...
Property consultancy Jones Lang LaSalle said residential capital values in the resale market for the private condominiums continued to rise on the back of encouraging sales volume in the second quarter of this year. The firm said estimates showed that the prime and central capital values led the way in the quarter's growth by registering 8 per cent and 7.6 per cent on average. The prime market saw...
PRICES of private residential properties have crossed the peak reached in 1996 in the second quarter, according to flash estimates by the Urban Redevelopment Authority (URA). The private-residential-property price index, based on URA estimates, rose from 175.0 points in Q1 to 184.1 points in Q2. While this increase of 5.2 per cent is lower compared with the 5.6 per cent rise in the previous quarter, the...
There's an insatiable demand for owner-occupied property now, but what happens later? The spectre of a possible looming oversupply in Singapore's housing market - including both the private and public sectors - in the not-to-distant future was again brought back to the fore when the HDB announced on Wednesday its biggest launch ever of new Build To Order (BTO) flats. The 2,696 flats offered brings the...
Private home prices remained firm in the second quarter, sending the residential property price index to a record high of 184.1 points. Private residential prices increased by 5.2 percent quarter-on-quarter in the April-June period, according to flash estimates released by the Urban Redevelopment Authority (URA) on Thursday. The figure beats the 3 percent rise forecast by some analysts. But market...
The Singapore property auction market rose 20 per cent on-year in the first half of this year to S$87 million, according to property consultants Colliers International. A total of 440 properties were put up for auction, of which 378 properties were from property owners while only 62 were mortgagee sales. Colliers said the sharp fall in the number of properties put up for mortgage sale is a reflection of...
The private property market saw some slowing down during the second quarter of the year. Property consultant CB Richard Ellis (CBRE) forecast that about 4,000 new homes were sold in the second quarter, lower than the previous quarter's figure of 4,380 units. Also, in the resale market, CBRE estimated that 3,400 to 3,600 resale homes were sold in the second quarter. If confirmed, that would be 15 to 20...
Increases in private home prices are expected to slow down in the second quarter after climbing 5.6 percent in the first quarter. Colliers International said suburban homes could cost 2 to 3 percent more on average for the next two quarters. Prices of suburban homes have already surpassed the peak by about 10 percent. Meanwhile prices in the luxury segment have been projected to grow by up to 20 percent...
There's been more signs of a slowdown in the private property market here in the second quarter. Property consultant CB Richard Ellis (CBRE) forecasts some 4,000 new homes were sold in the second quarter, lower than the previous quarter's figure of 4,380. In the resale market, CBRE estimates some 3,400 to 3,600 resale homes were sold in the second quarter. If confirmed, that would be 15 to 20 percent...