The Government’s tweaks to some residential property cooling measures on Friday (Mar 10) are a timely move, but observers said these adjustments are unlikely to have a significant impact on the local property market. Even as the announcements marked the Singapore Government’s first relaxation of the property cooling measures rolled out since 2009, market participants should not expect further...
Home owners will only have to wait three years before selling their properties to avoid paying seller’s stamp duties (SSD), down from four years currently, under several adjustments made to property cooling measures. With effect from Saturday (Mar 11), those who sell their properties within three years will also pay less in SSD, according to a joint press release by the Ministry of Finance, Ministry...
DEVELOPERS got off to a good start in housing sales this year, based on the latest government numbers, and industry players are sanguine this will set the tone for the rest of the year as well. Urban Redevelopment Authority data shows that developers moved 381 private homes (excluding executive condominiums or ECs) in January - up 3.8 per cent from December's 367 and 17.6 per cent higher than the 324 in...
RENTALS for non-landed private homes in Singapore rose in January 2017 over December 2016 amid an increase in leasing volume, while rents and leasing volume of Housing & Development Board (HDB) flats headed south over the same period. According to the latest flash estimates released by SRX Property on Wednesday morning, its rental index for private apartments and condos climbed 1.3 per cent...
DEVELOPERS in Singapore sold 381 private homes in January 2017, up from the 367 private homes in December 2016 and 324 units in January 2016. These figures exclude executive condominiums (ECs). Including ECs, which are a public-private housing hybrid, developers found buyers for 565 units in January 2017, down from the 580 units in December 2016 but higher than the 480 units in January 2016. The...
THE first month of 2017 saw a continued momentum in the high-end residential property segment, with resale prices in the Core Central Region (CCR) making a 1.9 per cent rise from a month ago and 2.7 per cent increase from a year ago, based on SRX Property estimates. This helped to lift SRX Property's overall resale index for the private residential market by 1.1 per cent month on month in January...
Private home prices in Singapore fell 3.1 per cent in 2016, with both landed and non-landed properties witnessing a drop in prices, according to latest figures by the Urban Redevelopment Authority (URA) on Thursday (Jan 26). The private residential property index also saw a 0.5 per cent dip from 137.9 in the third quarter to 137.2, which is the 13th consecutive quarter of decline. For the prices of...
Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016's outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the region. The total number of private homes sold in CCR...
Yes, you heard it right - Singapore's home prices are set to make a comeback after a three-year losing streak. And analysts think property developer stocks are the best way to play that rebound. Amid a restructuring push to boost a slowing economy, the government could signal its intention to reconsider property cooling measures as early as the budget speech in February, Carmen Lee, head of research at...
THE Urban Redevelopment Authority's price index for private homes fell 0.5 per cent in the fourth quarter of 2016 over the previous quarter. This was a smaller decline compared with the 1.5 per cent quarter-on-quarter drop in Q3 2016. For the whole of 2016, prices fell 3.1 per cent, also a smaller drop compared with the 3.7 per cent decline in 2015. For full-year 2016, prices of landed properties...
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