WITH both public and private property prices continuing to rise in tandem, developer Simon Cheong's call last week for private property prices to remain unfettered by government intervention seems not only contradictory but perhaps also misguided. Property developers have long had a constructive relationship with the government. Indeed, the reserve list system of the government land sales (GLS) programme...
singapore property market
Since last June, the transaction prices of apartments at Amaryllis Ville, along Newton Road, have increasingly crossed the $1,000 psf level. In January, prices at the 311-unit twin-tower condo development came close to the 2007 peak of $1,514 psf, when a 656 sq ft unit was sold for $900,000, or $1,371 psf. Lately, the number of transactions has also started to pick up, with 20 transactions from Jan 1 to...
Price resistance may be setting in as private homes, resale flats register small increases PRICES of private homes as well as public housing resale flats registered smaller quarter-on-quarter increases in the first quarter of this year compared with Q4 last year, government flash estimates show. Market watchers say this could reflect price resistance starting to set in following non-stop increases for...
SINGAPORE'S residential property prices kept climbing in the first quarter, but recent frenetic increases in both private and public home prices are showing signs of moderating. Preliminary estimates released by the Housing Board (HDB) yesterday showed resale HDB flat prices rose 2.7 per cent to a fresh record in the first quarter compared to the previous three months. But the rate of increase was slower...
FOR private home hunters looking for some respite in the relentless rise in prices, there was mixed news yesterday. On the plus side, prices are estimated to have risen 5.1 per cent in the first quarter, moderating a little from the previous quarter's 7.4 per cent sharp rebound. But the flash estimates from the Urban Redevelopment Authority (URA) also confirmed that - other than in the central prime...
The government's anti-speculative measures for the property market appear to have worked. Private home prices grew at a slower pace of 5.1 percent in the first quarter, according to estimates from the Urban Redevelopment Authority (URA). At this rate, analysts expect prices to return to the 2008 peak levels before the end of this year. Home prices are rising again with strong take up for new launches...
Overall prices rise 2-5%, with new highs in resale prices in some segments Demand for new private homes in the first quarter of 2010 more than doubled compared to Q4 2009, according to a new report. Close to 4,000 new units were sold in Q1 2010, compared to only 1,860 in the previous quarter. The report, by CB Richard Ellis (CBRE), also said that overall private home prices rose by 2-5 per cent in Q1...
PRICES of private, leasehold resale homes have shot past their previous peak - in late 2007 - according to a new report by property consultancy DTZ. The latest price rises for this segment, dominated by upgraders, while relatively modest, were enough to push average prices past the previous high. Landed resale homes saw the biggest price rises in the first quarter of the year to reach another new high...
Industry players said sales of new private homes are likely to hit close to 4,000 units in the first quarter of this year. The figure is more than double the numbers of homes sold in the fourth quarter last year, despite fresh anti-speculative measures introduced by the government in February. New property launches such as The Altez and The Vision have pushed home sales up in the first quarter. So far,...
Demand for new homes in the first quarter of this year more than doubled that of the fourth quarter of 2009. Property consultancy CB Richard Ellis (CBRE) said response to new projects launched in the first three months of the year chalked up close to 4,000 homes compared to only 1,860 in the previous quarter. This is despite the introduction of another set of property curbs in February. The property...