Property consultancy CB Richard Ellis (CBRE) on Wednesday said activity in the real estate investment sales market has started to strengthen with the recovery of the Singapore economy. In the first three months of the year, sales of residential Government Land Sale sites have come up to nearly S$935 million. Activity in the commercial sector, as well as the industrial sector, also picked up. CBRE said...
singapore property market
There is a new price index to provide information on the state of the residential market in Singapore. The index was developed by the National University of Singapore's Institute of Real Estate Studies and is the first such index by an academic institution here. The Singapore Residential Price Index, or SRPI, which tracks month-on-month price movements, will provide a resource for the development of...
Hong Kong and Singapore jumped from the bottom five to the top five of an annual list measuring the rise in luxury home prices. This was according to the latest figures from property consultants Knight Frank International for 2009. The firm said that this reflects the attraction of prime residential property, where demand tends to improve as prices dip. Overall, luxury home prices in the Asia Pacific...
A 99-year leasehold condominium The Vision, in the quiet suburbs of West Coast Crescent, was launched recently at an eye-popping price of around $1,000 to $1,200 per sq ft (psf). Nevertheless, at least 160 buyers put down money for the mass market homes that come with branded goods and quality finishes, said the developer Cheung Kong (Holdings). That set the benchmark price for the area. And this will...
BUYERS are said to be already showing interest in a condominium project in the Central Business District, although the preview will not be until next Thursday. Property agents have apparently collected cheques from buyers for the 99-year leasehold development in Shenton Way, according to sources. Pre-marketing is common these days, with agents busy drumming up interest before the preview, so some buyers...
DOWNTURN? What downturn? Private home transactions - for both new and resale homes - jumped by more than 130 per cent last year, despite the downturn. Singaporeans were the main drivers of the surge: There was an overall rise of 144 per cent in private property transactions by them last year - 23,516 compared with 9,649 in 2008. In the non-landed segment, Singaporean purchases rose almost 159 per cent....
Latest home-loan skirmish also sees banks speeding up their approvals A skirmish of sorts has broken out on the home loans front with banks pushing down their interest rates a notch or two over the past week or so. The first volley was fired by DBS Bank and the others have responded. This is welcome news for home owners and investors who are looking to re-price or refinance their home loans. The rates...
PROPERTY developers may have heaved a sigh of relief on March 8 when the Government signalled there would be no more measures to cool the housing market - 'for now'. But any comfort they took from that would have been cut short when National Development Minister Mah Bow Tan added what has become his signature catch phrase: 'We will monitor the market closely.' He told Parliament: 'If there are signs that...
SALES of private property kept sizzling over the weekend as buyers, undeterred by the rainy weather and recent government policies to cool the market, packed showflats. Demand was strong for mass market and prime projects, with buyers especially keen on The Laurels, an upmarket 229-unit project in Cairnhill Road. Developer Sing Holdings has sold 135 of the 179 units so far, with around 40 - comprising...
PROPERTY buyers showed few signs of easing off last month and snapped up 1,196 new private homes - more than industry experts had expected for a month many thought would be quieter. The robust figures follow from a bumper January, when 1,480 private units were sold - a number that trumped the miserly 481 shifted in December, and helped prompt government measures to pre-empt a property bubble. Sales in...