Despite a pandemic and an economic recession, it has been a surprising year for the property market. Property buyers began snapping up new homes as soon as the circuit breaker eased and they could visit showrooms again, contributing to a seesawing of private home sale numbers in the final months of the year as government regulations kicked in to cool the market. In June, the same month that Singapore...
The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts. This comes as the property market has remained resilient in the face of the COVID-19 pandemic and consequent economic uncertainty, said analysts. Just two en bloc deals totalling S$77.2 million...
New private home sales in Singapore rose by 18.9 per cent in November, reversing a decline seen in October, on the back of new project launches by developers. Private developers sold 767 units, excluding executive condominiums (ECs), in November, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Dec 15). This figure is 18.9 per cent higher than October's 645 units, but a 34.2 per...
New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more than two-year high...
New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more-than-two-year high...
Private home prices in Singapore in the third quarter rose 0.8 per cent from the previous quarter, while demand surged for both new developer units and resale properties, in what analysts said is a sign that consumer confidence is "steadily returning" amid the COVID-19 pandemic. The private residential property price index increased to 153.8 points in the third quarter, up from 152.6 points in the first...
Private developers sold 1,329 new homes excluding executive condominiums in September, marking the highest monthly sale in more than two years. Last month's private home sales volume is the highest since July 2018, when 1,724 units were sold when sales surged as buyers tried to avoid new cooling measures. Data released by the Urban Redevelopment Authority (URA) on Thursday (Oct 15) also showed that...
Resale volume of non-landed private homes in Singapore rose 0.4 per cent to about 1,286 units resold in September 2020, from 1,281 units resold in August 2020. Volumes were up 62.8 per cent from September 2019 and 64.5 per cent higher than the five-year average volumes for the month of September. Overall prices meanwhile, edged up 0.1 per cent month on month and year on year. By region, resale...
There will be more temporary relief measures for property developers whose construction schedules have been affected by the Covid-19 crisis. The Government said on Thursday (Oct 8) that developers have six more months to complete residential, commercial and industrial development projects, for instance, and the added measures will take effect immediately. A first round of measures was announced in...
Private home prices in Singapore rose by 0.8 per cent in the third quarter from the previous quarter, according to flash estimates released by the Urban Redevelopment Authority (URA) on Thursday (Oct 1). The private residential property index rose by 1.2 points, from 152.6 points in the second quarter to 153.8 points in the third quarter. The increase is slightly more than the 0.3 per cent rise...
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