DEVELOPERS have sold 2,344 private homes excluding executive condos (ECs) in the second quarter of this year based on preliminary figures from the Urban Redevelopment Authority (URA) released on Friday. URA will issue its final numbers for Q2 2016 later this month. The 2,344 private housing unit sales for Q2 is 65.2 per cent higher than the 1,419 private homes that developers moved in the first quarter...
singapore property market
RENTS for private non-landed homes were flat in June compared to May, while that for public housing flats dipped 0.3 per cent from a month ago, according to SRX Property. Flash estimates from SRX Property showed that rents in the city fringe or Rest of Central Region (RCR) increased by 0.8 per cent in June. But rents in the Core Central Region (CCR) and Outside Central Region (OCR) slipped 0.4 and...
THE property cooling measures are unlikely to be unwound this year, with interest rates expected to stay low for a longer time amid greater uncertainties after the "Brexit" vote. It would seem then, that a relaxation of the policy could come only in 2017 at the earliest, said speakers at a property market seminar organised by the Real Estate Developers' Association of Singapore (Redas) on...
RESALE prices of non-landed private homes in Singapore rose 0.5 per cent in June 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This marks the fourth consecutive month-on-month price increase. Last month's price rise applies across the board to all three geographical regions. The prices went up 0.9 per cent in Core Central Region (CCR), 0.3 per...
RESALE prices of non-landed private homes in Singapore rose 0.5 per cent in June 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This marks the fourth consecutive month-on-month price increase. SRX Property's latest data also reflects a revised month-on-month gain of 0.7 per cent for May 2016 compared with the 0.4 per cent increase that SRX...
MOST property consultants say that the Urban Redevelopment Authority's second-quarter flash estimates signal that a bottoming out in private home prices is fast approaching. This, coupled with the recent improvement in private home sales, also means that the authorities would be inclined to delay any easing of the property cooling measures. Some agents are also hoping that Brexit could help divert some...
Private home prices in Singapore continued their decline in the second quarter of this year, according to flash estimates released by the Urban Redevelopment Authority (URA) on Friday (Jul 1). The private residential property index fell to 140.0 points in the second quarter, from 140.6 points in the previous quarter. This represented a decline of 0.4 per cent, compared with the 0.7 per cent decline in...
In this column, Bernard Tong, managing director of The Edge Property, assesses the advantages of buying a new condo as soon as it is launched versus waiting for the initial buzz to die off. Gem Residences was the most-talked about property launch last month, for some positive and not-so-positive reasons. The Toa Payoh condominium sold 300 units, slightly more than 50 per cent of the entire...
PRICES of completed private apartments and condos fell 0.8 per cent in May over April 2016. This is according to the National University of Singapore's (NUS) latest flash estimates for its Overall Singapore Residential Price Index (SRPI) released on Tuesday. This contrasts with a 0.2 per cent month-on-month (m-o-m) increase in the index in April, based on the revised index value for that...
DEVELOPERS' sales of private homes surged to a 10-month high last month on the back of new launches Gem Residences and Stars of Kovan and steady sales in projects released earlier. Sales are expected to moderate this month, assuming there are no new launches. However, things should pick up again in July, when developers of at least one private condo and two executive condo (EC) projects are expected to...