PRICES of completed private apartments and condominiums slipped 0.7 per cent in November from a month ago. This is based on the flash estimate by National University of Singapore (NUS) for its overall Singapore Residential Price Index (SRPI) released on Wednesday. Faring the worst during the month were completed units (excluding small units of 506 square feet or below) in the Central Region, which...
singapore property market
Private property developers saw lacklustre sales in November, with the number of new units sold falling 31.4 per cent from the previous month, figures released by the Urban Redevelopment Authority (URA) on Thursday (Dec 15) showed. Excluding executive condominiums (ECs), 860 new private homes were sold last month, down from the 1,253 units sold in October. Including ECs, 1,110 units were sold, down from...
Developers have already sold more new, private residential units and executive condominiums (ECs) so far this year than the whole of last year, thanks to the momentum sustained in November when two new projects were launched. This means 2016 will mark the highest number of new sales by developers in three years. A total of 7,769 private residential units were sold by developers in the first 11 months,...
SINGAPORE residential sales clocked by developers in November were stronger than a year ago but weaker compared to October, according to statistics released by the Urban Redevelopment Authority (URA) on Friday. Last month, developers sold 860 private residential units, 31.4 per cent lower than October, but 13.3 per cent higher than a year ago. Including executive condominiums (ECs), they sold a...
THE Core Central Region (CCR) looks set to be the outperformer again this year for resale prices of private apartments and condos. Based on flash estimates for November 2016 released by SRX Property on Tuesday, its price index for resale transactions of non-landed private homes in CCR is up 1.8 per cent from December last year. In contrast, over the same period, SRX's price indices eased 0.6 per cent...
THE residential leasing market remained soft last month, with both private home rents and HDB flat rents continuing their downward drift. Private rents slipped 0.8 per cent in November from a month ago, according to flash estimates by SRX Property. HDB flat rents fell 0.9 per cent during the same period. The rental drag in the private segment came from all regions, with the prime or Core Central...
RESALE prices of non-landed private homes in Singapore rose 0.3 per cent in November 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This contrasts with a 0.7 per cent month-on-month decline in the index for October 2016. Last month's increase in the index came on the back of price gains of 0.5 per cent in the Core Central Region (CCR) and 0.4...
This paradox arises mainly from pent-up demand from buyers who have delayed their purchasing decision since the cooling measures of 2013, property consultants said. But the state of the economy and its impact on the labour market is a wild card. The uncertainty has clouded the reading on price directions for next year; analysts expect private home prices to slip further by as much as 3 per cent or to...
HOME sales rose by one per cent quarter-on-quarter to 4,596 units in the three months to September, led by a stronger showing in the resale market, according to a report by Edmund Tie & Company Research. The resale market saw a 15.7 per cent increase in sales in the third quarter, while primary home sales fell 13.2 per cent due to slower sales in August. Despite this upward trend in transaction...
Sales of new condominiums surged to a 15-month high last month as buyers snapped up units at two newly launched developments. Property developers sold 1,252 new private homes in October, more than double the 509 sold the previous month and the highest since July 2015, when 1,655 units were sold. ADVERTISING inRead invented by Teads More than half of the units sold in October were from two new...