Investment sales level in the Singapore property market in the first quarter of 2008 was similar to that in the fourth quarter of 2007 despite deepening concerns regarding the US economy. A report by DTZ Debenham Tie Leung said a total of S$8.4 billion worth of transactions was concluded, a slight increase of one per cent quarter-on-quarter. The office sector was the best performer with S$3.4 billion in...
singapore property market
THE DOMESTIC property market is expected to remain cautious even after an increase in sales and launches last month. Some 322 private residential units were sold in March, a 70-per-cent increase from the 189 in February, according to data released yesterday by the Urban Redevelopment Authority. A total of 642 new units were offered for sale by developers last month, up 87.17 per cent from 343 in...
There are signs the property market in Singapore might be making an about-turn following its muted start to the year. Figures released by the Urban Redevelopment Authority (URA) show that the number of private homes sold in March leapt 80 per cent from the month before, signalling improved buyer sentiment. And developers were even more positive. They launched more than 600 units for sale in March - about...
Sales of private properties have been sliding amid a standoff between buyers and sellers, say market watchers. In February, sales for new launches were only one tenth of the record numbers seen in August last year. Analysts also say that residential property prices may have finally peaked, although the fundamentals still support long-term growth. URA's latest flash estimates showed private home prices...
Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just...
Non-landed residential market most likely to gain from influx of foreign talent, say CHUA YANG LIANG and JACQUELINE WONG SINGAPORE'S non-landed residential market put in a strong performance last year, sub-prime notwithstanding, driven by the luxury and prime segments whose resale capital values saw stunning year-on-year growth of 51.7 per cent and 50.6 per cent respectively. Lights, camera, action: Key...
Private property prices will see slower growth in the first quarter of this year, amid the current upheaval in global financial markets and a possible US recession. That is according to property consultants who said prices will be supported by rentals which will continue to climb higher this year. Related Video Link - http://tinyurl.com/2ew98s There has been frenzied buying and selling in the financial...
The number of new private homes sold in Singapore rose unexpectedly last month in a traditionally-quiet period, amid volatile market conditions. The Urban Redevelopment Authority (URA) said yesterday that 611 new units were sold last month, up from 590 in October. Developers launched 598 units last month - which is slightly lower than the 629 in October. “The market thought that November would be...
An iconic redevelopment site at the heart of the CBD has been put up for sale. Currently known as The Riverwalk, the 82,317-sq ft site is zoned for commercial use. It has a gross plot ratio of up to 4.9, and has the potential to be redeveloped into an iconic commercial building with a gross floor area of about 403,351 sq ft, subject to approval and payment of development charge and land premium for the...
The number of new private homes sold in Singapore last month rose marginally as sentiment remained cautious amid volatile market conditions. There were 590 new units sold last month, up from the 529 units in September, the Urban Redevelopment Authority (URA) said yesterday. Developers launched 629 units last month, slightly higher than 590 units in September. Despite the lacklustre interest, prices have...