The private resale property market saw its biggest recovery in activity since being hit by the last bout of cooling measures, according to flash estimates from SRX Property on Tuesday. The flash data showed the number of resale non-landed private homes sold last month jump 59.3 per cent to 830 units after the Chinese New Year seasonal lull in February when 521 units were transacted. March resales...
URA flash estimate for the first quarter of 2019 shows that its overall price index for private homes fell 0.6 per cent over the preceding quarter. This is a bigger decline than the 0.1 per cent quarter-on-quarter dip in the fourth quarter of 2018. Year on year, the index is up 3.2 per cent. URA data released on Monday morning also showed that prices of non-landed private homes fell 1 per cent...
The latest state land tender closing has yielded a mixed bag of results for the two 99-year leasehold sites offered. A land parcel along Middle Road in the buzzing Bugis locale, which is slated for residential with commercial at first storey use, drew 10 bids, with Wing Tai's highest bid of nearly S$492 million or S$1,458.33 per square foot per plot ratio (psf ppr) within expectation. Over in the Sims...
Prices of completed private apartments and condominiums in Singapore fell month-on-month again in February, retreating 0.5 per cent from the previous month after January's 0.2 per cent decline. The figures are flash estimates released on Thursday by the National University of Singapore's (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private...
Higher commissions to incentivise property agents may have worked some magic in helping to bolster private property sales numbers in February, which saw 455 homes sold, an increase of 4.4 per cent from January. This was despite the Lunar New Year festive lull and the absence of new launches. A check with property agents suggested that certain projects such as Affinity at Serangoon, Garden Residences and...
Developers in Singapore sold 455 private homes in February, up 4.4 per cent from the 436 units they moved in January, and 18.5 per cent higher than the 384 units they sold in February a year ago. The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Friday, based on its survey of licensed housing developers. This came as 596 private...
The rental market for non-landed private properties and HDB flats in Singapore remained stagnant in February, with volume in both markets recording a double-digit drop month on month, going by flash estimates from real estate portal SRX on Wednesday. OrangeTee & Tie head of research and consultancy Christine Sun noted that the fall in rental volume could be seasonal, as was similarly observed in 2018,...
Singapore condo resale prices increased for the first time in February, up 0.5 per cent from January, after two consecutive months of cooling in December and January, according to monthly figures from real estate portal SRX Property on Tuesday. It was the largest price increase since July 2018, with year-on-year prices up by 4.6 per cent compared to February 2018. Prices were up 0.2 per cent in the...
Home prices in Singapore are unlikely to stage a rapid rebound after the government imposed further property curbs in mid-2018, the finance chief of the country's largest developer said. "If we see a 5 per cent increase in home prices, I think that will be a pretty good year for the Singapore residential market," CapitaLand chief financial officer Andrew Lim said in an interview with Bloomberg...
Sales of private homes by developers in Singapore got off to a slow start in 2019, in part due to fewer buyers over the festive period. Developers sold 433 units in January, down 17.8 per cent from the 527 homes sold the same time last year, Urban Redevelopment Authority (URA) data showed on Friday (Feb 15). January's sales were also 28 per cent lower than the 602 units sold in December, excluding...
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