Government measures to cool the property market have not doused the enthusiasm of buyers. Developers sold 1,761 private homes in March - 47 per cent more than the 1,202 in February. This was disclosed in fresh figures from the Urban Redevelopment Authority (URA) yesterday. For the first quarter, sales hit 4,446 units - more than double the figure in Q4 2009 and up 67 per cent from Q1 2009. Still,...
singapore property market
SALES of new private homes leapt again last month, with more strong buying expected in the months ahead after the latest hot economic growth figures. Home hunters picked up 1,761 units last month, up from 1,202 in February, bringing first-quarter sales to a higher-than-expected 4,446 units. The quarterly total was way above the 1,860 units sold in the fourth quarter of last year, as demand for core city...
Property buyers are in a sweet spot, following the tightening of the Singapore dollar which attracts capital inflows causing interest rates to fall. The key three-month Sibor (Singapore interbank offered rate) fell to 0.64583 per cent yesterday from 0.65625 per cent on Wednesday after the Monetary Authority of Singapore (MAS) appreciated the local unit to stem inflationary pressures. The government has...
Property consultancy CB Richard Ellis (CBRE) said on Thursday total investment sales in the real estate sector grew to a whopping S$4.87 billion in the first quarter this year. This was 18 times higher compared to the S$273.8 million in transacted value posted in the first quarter last year. In its latest report, CBRE said the brisk sale of government land sale (GLS) sites in the first quarter, which...
Private home sales kept up their momentum in March, with 1,761 units changing hands, according to figures from the Urban Redevelopment Authority (URA). This was up 47 per cent on-month and also the fourth highest monthly sales recorded since the start of URA's monthly series in June 2007. Analysts said demand for new homes remains strong, despite more government measures to cool the market in...
Its analysis of URA Realis caveats shows that 29 deals are sealed At least $500 million worth of Good Class Bungalows (GCBs) have changed hands in the first three months of this year, according to CB Richard Ellis. The property consultancy's analysis of URA Realis caveats shows that 29 deals were sealed in Q1 for a total of $470.33 million. In addition, CBRE director (luxury homes) Douglas Wong...
More new housing units will be added to the market to give buyers more choices. The Housing and Development Board (HDB) will put on sale on Wednesday two residential sites in Sembawang and Sengkang. It also put two other sites in Punggol and Yishun on the reserve list for public tender early next month. They are expected to yield about 1,970 dwelling units. About 60 per cent or about 1,215 are Executive...
THE sizzling property market is prompting even the developers themselves to snap up units in their new projects, especially high-end properties. Singapore Exchange filings show that at least four listed developers have sold units in their residential developments to relatives or 'interested parties'. An interested party can be a director, a chief executive, a controlling shareholder or one of their...
They are at River Valley Cl, Chestnut Ave; recent property releases yield mixed response DEVELOPERS are busy readying private residential projects for launch to meet demand from buyers before the onset of competition, including projects on new sites being sold by the government. Tiong Aik group is expected to preview this week its freehold Starlight Suites at River Valley Close at an average price of...
Real estate agents say executive condominiums (ECs) have become more popular. They are the next best thing for those who are priced out of the private condominium market, where prices have been hitting new highs recently. Property agents said that in the last two to three years, the price of each square foot has increased by about 70 per cent. In the first quarter of this year, the resale value of each...