Sales of private homes last month fell 57.3 per cent from the previous month in the traditionally quiet year-end period, even as 2016 saw a continued uptick in sales, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jan 16). Excluding executive condominiums (ECs), developers sold 367 new units in December, down from the 860 units sold in November. Year-on-year, the number...
singapore property market
SINGAPORE has fallen to seventh place in a regional ranking for high-end rental accommodation this year. It was the fourth most expensive location in Asia last year. According to the latest Accommodation Survey published by mobility solutions provider ECA International, rents for an unfurnished three-bedroom apartment across popular expatriate neighbourhoods in Singapore average US$4,535 per...
DEVELOPERS sold 8,136 private homes last year, up 9.4 per cent from the 7,440 units they moved in the previous year - and the best showing in three years. The pick-up is a reflection of improved sentiment and demand, say analysts. The executive condo (EC) market posted even more spectacular sales growth. Preliminary government numbers show that developers found buyers for 4,018 EC units last year - up...
DEVELOPERS sold 367 private homes in December 2016, less than half the 860 private homes that they sold in November 2016 but close to the 384 units that they moved in December 2015. These figures exclude executive condominiums or ECs. Including ECs, which are a public-private housing hybrid, developers found buyers for 580 units in December 2016, down from 1,111 units in November 2016 but higher than...
RENTALS for private homes are taking a hit over the huge supply of condominiums and apartments available for rent and the business uncertainty among corporates. In December, rents fell by 1.3 per cent from the previous month, going by the SRX Property price index for non-landed private rentals released on Wednesday. This was driven by rental slides in the Core Central Region (city area) and Rest of...
For the second consecutive year, the prime area or Core Central Region (CCR) has outperformed the rest of the island in terms of resale prices for non-landed private homes, according to latest data from SRX Property. Moreover, the volume of resale transactions of private apartments and condos in CCR rose 52.5 per cent to 2,048 units last year - a faster clip than the increases of 24.2 per cent in the...
RESALE prices of non-landed private homes in Singapore rose 0.4 per cent month on month in December 2016 based on SRX Property's flash estimate. This follows a 0.5 per cent gain in November 2016. In December 2016, prices climbed 1.2 per cent in the suburbs or Outside Central Region (OCR) but eased 0.5 per cent in the city-fringe or Rest of Central Region (RCR). In the prime area or Core Central Region...
THE residential market is showing signs of stabilising even as private home prices slipped for the 13th consecutive quarter, going by the government's flash estimates for the fourth quarter. For the full year, the estimated 3 per cent fall in private home prices and the 0.15 per cent decline in HDB resale prices were smaller than their respective 3.7 per cent and 1.6 per cent declines in 2015. The 0.4...
PRIVATE residential prices slipped 0.4 per cent in the fourth quarter from a quarter ago, after a steeper 1.5 per cent decline in the third quarter. For the whole year, prices have fallen 3 per cent, a smaller magnitude compared to the 3.7 per cent drop in 2015, flash estimates from the Urban Redevelopment Authority (URA) released on Tuesday show. Non-landed properties marked a 0.7 per cent price...
It's been a banner year for big-ticket property transactions of at least S$10 million each. As at Dec 23, the tally stood at S$22.5 billion - up 31 per cent from 2015's S$17.2 billion, going by Savills Singapore's figures. CBRE and Cushman & Wakefield have similar numbers. This year's tally of property investment sales, as these transactions are also known, is the highest in three years and has...