Prices for private homes in Singapore continue to drop in the third quarter, with the private residential property index down 2.1 points from 140.0 in the second quarter to 137.9 points, the Urban Redevelopment Authority (URA) said on Monday (Oct 3). According to the agency's flash estimates, this represented a decline of 1.5 per cent, compared with the 0.4 per cent dip in the previous quarter. It is...
singapore property market
AS a result of many rounds of cooling measures, the private residential real estate market has been weakening for the past three years. However, according to the latest quarterly statistics released by the Urban Redevelopment Authority (URA), private home prices may be showing signs of bottoming out. Generally, the residential non-landed housing market in Singapore can be divided into three segments...
AN old adage in real estate investment - "location, location, location" - suggests that real estate investors should focus more on the location than the physical attributes, tenure and stage of the market cycle. Given that each property is a unique and non-movable asset, prices at choice locations will be more resilient in an uncertain economy and will appreciate more than other assets when the...
BEING the crème de la crème of the non-landed residential market, homes in the Core Central Region (CCR) are commonly referred to as high-end or luxury homes. According to the Urban Redevelopment Authority (URA), the CCR comprises postal districts 9, 10, 11, Downtown Core and Sentosa. The URA CCR Non-Landed Residential Price Index rose 0.3 per cent quarter on quarter (q-o-q) in Q2 2016, marking a...
FLASH estimates released by the Urban Redevelopment Authority (URA) for the private residential property price index on Monday showed a 1.5 per cent decline for the third quarter of 2016. This compares with a 0.4 per cent decline in the second quarter. Prices of non-landed private residential properties declined by 1.8 per cent in the core central region (CCR), compared to the 0.3 per cent increase...
PRICES of high-end residential homes are bottoming out on the back of a host of reasons such as a significant volume pick-up, return in foreign interest, relatively cheaper pricing compared to global peers and a limited supply in the medium to long term. This is according to the projections of JPMorgan, the latest among market watchers to call for a bottom in the high-end segment here. A list of some...
PRICES of completed private apartments and condominium units here generally eased in August over July, with the Non-Central Region faring worst. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Singapore Residential Price Index (SRPI) series released on Wednesday. NUS' data showed that the sub-index for Non-Central Region (excluding small units of...
AT its recent mid-Autumn festival lunch, the Real Estate Developers' Association of Singapore (Redas) flagged the nearly 21,500 unsold private residential units in the pipeline as at the second quarter, and warned that if industry experts expect only between 7,500 and 8,500 units to be sold by year's end, it would take about three years for the market to sop up these unsold units. Indeed, official...
PRICES of completed private apartments and condominium units in Singapore fell 0.6 per cent in August over the preceding month. This is according to the National University of Singapore's (NUS) August 2016 flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Wednesday. Last month's decline in the index contrasts with a 0.3 per cent month-on-month gain in July 2016,...
The private home market returned to the doldrums in August, with sales of new condominiums down 56.6 per cent from the previous month, according to data from the Urban Redevelopment Authority (URA) released on Thursday (Sep 15). Excluding executive condominiums (ECs), property developers sold 473 units in August, less than half of the 1,091 units sold in July. Including ECs, 805 units were sold, down...