Rental prices for Housing and Development Board (HDB) flats remained flat in May, while those for non-landed private properties decreased by 0.6 per cent compared to April 2016, according to flash estimates by SRX Property. Rental volume increased by 5.8 per cent, with about 4,400 units rented in May - up from 4,158 the previous month. Year-on-year, rental prices for private apartments were down 5.2...
singapore property market
Sales of new private homes rose 41.7 per cent in May, an improvement from the number of private units sold the previous month. Excluding executive condominiums (ECs), property developers sold 1,056 units last month compared with the 745 units sold in April, data from the Urban Redevelopment Authority (URA) showed on Wednesday (Jun 15). A total of 1,388 units - including ECs - were sold, up from...
RESALE prices of non-landed private homes in Singapore rose 0.4 per cent in May 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This follows a revised 0.6 per cent month-on-month gain for April 2016 - which was slightly higher than the 0.5 per cent rise that SRX Property had indicated earlier based on its flash estimates for April. Giving a...
The resale prices for non-landed private residential flats inched up in May, with resale volume also increasing, according to estimates released by SRX Property on Thursday (Jun 9). On a month-on-month basis, resale prices were up 0.4 per cent last month. Compared to a year ago, prices increased by 0.2 per cent. In individual sectors, the Core Central Region and Rest of Central Region posted a...
Resale prices of private homes rose in April, according to flash estimates from the Singapore Residential Price Index (SRPI) released on Monday (May 30). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices rose 0.3 per cent in April from the previous month. It had slid 1.1 per cent month-on-month in March. Prices of homes in the central...
PRICES of completed private apartments and condos rose 0.3 per cent in April 2016 over March 2016. This is according to National University of Singapore's (NUS) flash estimate for its Overall Singapore Residential Price Index for April released on Monday. This contrasts with a 1.1 per cent month-on-month (m-o-m) decline in the index in March, based on the revised index value for that month. The...
Singapore's property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which manages more than US$58 billion in real estate funds. Governments in Asia's two most expensive residential markets have imposed curbs in recent years to tame prices and improve affordability. As demand has dropped amid a slowdown in the region's economies, home prices in both cities...
City Developments Ltd, Singapore's second-largest developer, may seek to buy offices this year as rising interest rates makes such assets cheaper worldwide. "We are coming into a very good time for acquisitions," Grant Kelley, chief executive officer of City Developments, said in an interview in Singapore. "The long-term trend line for assets for the next 12 to 24 months could be deflationary because...
Sales of new private homes fell 11.6 per cent in April despite more property units being launched. Excluding executive condominiums (ECs), property developers sold 745 units last month compared with the 843 units sold in March, data from the Urban Redevelopment Authority (URA) showed on Monday (May 16). Including ECs, 1,291 units were sold, down from March's 1,328 units. Excluding ECs, 900 units were...
SC Capital Partners, a Singapore private equity real estate firm with US$1.2 billion in assets, said recent price declines make investing in Hong Kong property attractive. Founder Suchad Chiaranussati said he expects the Singapore government to maintain residential curbs in the city-state until the end of next year. Hong Kong offers more value after prices for homes, offices and hotels dropped, he said...