Condominiums and private apartments rentals dropped for a second straight month, slipping 0.7 per cent in October from the previous month, according to SRX on Wednesday. This came after rents dipped 0.5 per cent in September, with the figure revised by SRX from a 0.4 per cent decline. After barely budging in 2018, private market rents are now down 0.1 per cent from a year ago - but are a hefty 20...
Singapore has nudged out Hong Kong to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market. Luxury home prices in Singapore rose 13 per cent in the quarter ended Sept 30 from a year earlier, according to Knight Frank's Prime Global Cities Index. Gains were driven in part by the limited availability of high-end properties. Hong Kong fell to 14th place with...
Property cooling measures announced in July have dampened sentiment towards the Singapore property market, according to the latest quarterly Real Estate Sentiment Index (RESI), which assesses perceptions and expectations of real estate development and market conditions in Singapore. The composite index - comprising a Current Sentiment Index and a Future Sentiment Index - fell sharply to 4.0 in the third...
Is the Urban Redevelopment Authority's Wednesday announcement to raise the minimum average unit size for non-landed housing developments Outside the Central Area (OCA) - the second part to the July 6 property cooling measures? At a glance, the answer would be "no". The revised guidelines cutting the maximum number of units allowed in a project was released through a circular, along with two others,...
Major property stocks fell sharply on trade on Thursday on the government’s latest move to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year. The authorities are cutting the number of units allowed in a project and increasing the average size of new private flats outside the central area to at least 85 square metres, up...
Sales of new private homes in Singapore rose about 42 per cent in September from a year earlier, as developers returned to the market with new launches following the previous month's slump. Data released by the Urban Redevelopment Authority (URA) on Monday (Oct 15) showed developers sold 932 units last month, compared with 657 units in the same month last year. Compared with the 617 units sold in...
Singapore residential-property investment sales have fallen after the latest round of housing curbs put the brakes on en bloc redevelopment deals. Just two redevelopment sales worth S$353 million were completed in the third quarter, down from S$3.8 billion of transactions the previous quarter, according to data compiled by Cushman & Wakefield. That pushed total real estate investment sales down 42...
Singapore home prices may rise as much as 10 per cent by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to Morgan Stanley. Home prices rose in four of the five previous rate hike cycles, Morgan Stanley analysts said in a note to clients. Faster economic growth, the city-state's attraction as a global...
The sluggish rental market for both private and HDB properties is showing no signs of improving, going by flash data from real estate portal SRX on Wednesday. Rents for condominiums and private apartments in September dipped by 0.4 per cent from the previous month. They were unchanged in August, from an earlier SRX estimate of a 0.1 per cent dip. After falling quite far from their peak and then...
Resale prices of private non-landed homes in Singapore declined for the second straight month in September following the latest round of cooling measures, flash estimates by real estate portal SRX Property on Tuesday showed. Condominiums and private apartment resale prices dipped by 0.2 per cent in September from the previous month. This follows the 0.3 per cent decline in August, which was slightly...
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