Singapore's traditional prime districts 9, 10 and 11 are being challenged in their position as the upper echelons of the private housing market not only by new prime areas such as Marina Bay but also by what List Sotheby's International Realty terms "emerging prime areas" such as Tanjong Pagar and Ophir-Rochor Beach Road area. The firm's analysis of transactions captured by the Urban Redevelopment...
Luxury residential homes crossing the S$4,000 per square foot (psf) mark in Singapore’s prime Orchard Road area have been few and far between in recent years. However this could change given the recent spate of record-setting land sales and upcoming launches in the district. Shun Tak Holdings (a Hong Kong-listed company) said on Wednesday that it has purchased two freehold redevelopment sites for a...
Rentals in May inched up just 0.2 per cent for both private and HDB homes from the previous month, as volumes continued their decline, according to flash estimates released by real estate portal SRX Property on Wednesday. Year-on-year, rents from non-landed private rentals increased 0.8 per cent, and the May showing was 18.9 per cent lower compared to its peak in January 2013. Compared to April,...
Prices of private condominiums and apartments continued their climb in May to hit a new high, although volumes slightly dipped according to flash data from real estate portal SRX Property released on Tuesday. This comes as the monthly price change for April 2018 was revised sharply upwards to 1.2 per cent, from the earlier estimate of 0.6 per cent. Resale prices of non-landed private properties rose...
22 private apartments in 336 RV at 336 River Valley Road (previously known as AA Centre), have been put up for bulk sale by tender. Their indicative price is S$2,200 per square foot to S$2,300 psf, or about S$86 million to S$90 million in total. The property sits on a site area of about 33,757 sq ft. The land is zoned “residential” use with a plot ratio of 2.8 and a height restriction of 10...
The collective sale frenzy sweeping the property market is expected to continue into next year, resulting in an upswing in home prices and transactions as displaced owners look for a new place to live. At least 44 condominiums are expected to go en bloc next year, creating more than 9,000 potential househunters, according to data from property consultancy Cushman & Wakefield. Most of the condominiums...
A fresh air of revival seems to have surfaced in Singapore's private residential property market, since the first half of 2017. After more than three years of continuing price declines over 15 quarters, overall private home prices in Singapore are showing gradual signs of bottoming out since the last peak in Q3 2013. Based on the Urban Redevelopment Authority's (URA) Non-Landed Private Residential Price...
The residential collective sales market is poised to pick up this year, with analysts citing the limited supply of private housing sites at state tenders and strong demand for land by developers as key factors. A collective sale, also known as an en bloc sale, refers to a combined sale by the owners of property units to a shared purchaser with sale proceeds divided amongst the unit owners. In 2016,...
Private home prices in Singapore continued their decline in the first quarter of this year – the 14th straight quarter of contraction, according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Apr 3). The private residential property index fell to 136.5 points in the first quarter, down 0.7 point from the previous quarter. This represents a decline of 0.5 per cent,...
Demand for new private homes more than doubled in February, with 977 units sold by developers compared with the 382 units sold in January, according to figures by the Urban Redevelopment Authority (URA) on Wednesday (Mar 15). Compared to figures a year earlier, the 977 units sold is more than triple that of the 303 units sold last February. Including executive condominiums (ECs), a total of 1,306...
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