NEWS that private home sales slowed last month battered property stocks yesterday, but analysts are not interpreting the numbers to mean the start of a downturn for the sector just yet. Forty-three of the 52 listed property shares were down. Among the biggest price-percentage losers were LC Development and Orchard Parade Holdings, which were down 5.9 per cent and 4.5 per cent to $0.48 and $1.90,...
singapore property market
The number of new private homes sold by developers in the first nine months of this year is expected to total 13,900, according to property consultant Knight Frank. This will exceed the 11,147 new units sold by developers in the whole of last year. Knight Frank said developers continued to exhibit confidence in the property market by releasing several new residential projects into the market. However, it...
Despite the market turmoil in recent months over the US housing credit crisis, property developers are still seeing strong demand for new residential units. Numbers out from the Urban Redevelopment Authority (URA) on Monday showed that property developers not only launched more units in August than in July, but they have also made more sales. Nonetheless, market watchers said sentiment has been weighed...
The value of en bloc deals done in the second half of this year could slow down compared to the first six months, as sentiments in the property market turn cautious. But property consultants say total deals are still likely to hit $16 billion - double that of last year - due to an exceptionally active first half. A combination of factors - including uncertainties in the financial markets prompted by the...
Units at the latest condominium development in Sentosa Cove are being snapped up by both local and foreign buyers. Eight-five percent of the 264 units of the property, Oceanfront @ Sentosa Cove, by City Developments were sold in just four days. Buyers have been paying up to over S$8 million for exclusive waterfront living. Luxurious designer fittings and an exclusive address are all common features of...
Property investment sales have hit a record. New data shows more than S$5.7b worth of deals were completed in the Q1 of 2006. And consultants CB Richard Ellis said 61% of this was in the commercial sector. The figure was inflated by the acquisition of Raffles City by CapitaMall Trust and CapitaCommercial Trust, for S$2.2b - from their parent company. Residential investment sales totalled S$1.7b in Q1,...