Singapore's second-largest developer has taken a potshot at the prices of prime land in the country, describing them as exorbitant and predicting that they'll only get even more expensive in years to come. "In land-scarce Singapore, it is increasingly difficult to secure prime land of this scale and even if available, the asking price for land alone is exorbitantly high," City Developments Ltd said in...
singapore property market
FRASERS Centrepoint Ltd (FCL) chief executive Lim Ee Seng deems it a "no-brainer" that residential demand will continue to dwindle as buyers become increasingly jittery about job security and property cooling measures remain intact. His comments followed the dismal showing of the 628-unit Parc Life EC project in Sembawang, which FCL is jointly developing with Keong Hong Holdings. Since its launch during...
The number of condominiums and private apartments sold on the resale market last month hit a three-year high, even as prices edged up during the month, according to a local property index. A total of 689 non-landed private residential units were resold in April, a 17.6 per cent increase from the previous month and the highest since May 2013, SRX Property said. On a year-on-year basis, resale volume was...
Rental rates for Housing and Development Board (HDB) flats continued their downward trend in April, while those for non-landed private properties remained flat with minor fluctuations outside of the Core Central Region. Overall rental prices for private apartments were constant from March, although private apartment rents in the city fringes increased by 0.1 per cent and they decreased by 0.1 per cent...
RESALE prices of non-landed private homes in Singapore rose 0.5 per cent in April 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This follows a 0.1 per cent month-on-month gain for March 2016 - a revision from the 0.3 per cent increase that SRX Property had indicated earlier based on its flash estimates for March. Giving a geographical...
DEVELOPER sentiment remains weak, according to the latest NUS-Redas Real Estate Sentiment Index, with the composite sentiment index remaining below 5. The index (which is a derived indicator for the overall real estate market sentiment in Singapore) inched up to 3.8 in the first quarter from 3.5 in Q4 last year. Correspondingly, the current sentiment index rose to 3.9 from 3.6, and the future sentiment...
Resale prices of completed private apartments fell in March, snapping two straight months of marginal increases. Overall resale prices declined 1 per cent from February, owing to a sharper drop in suburban areas, according to flash estimates from the NUS Singapore Residential Price Index (SRPI). This followed the revised 0.5 per cent rise in February and a 0.2 per cent increase in January. The...
Speculation in the private property market is at its lowest in years, as the number of sub-sale transactions for private homes in the first three months of the year fell to its lowest level in nearly 11 years, signalling the market’s continued slowdown. There were 88 sub-sale transactions in the first quarter of this year, compared with 132 units transacted in the previous quarter, data released by...
Resale prices of private homes fell in March, after a marginal increase the previous month, according to flash estimates from the Singapore Residential Price Index (SRPI) released on Thursday (Apr 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 1 per cent in March from the previous month. In February, prices rose 0.4 per...
A S$4.3 million loss on the sale of a property would be a terrifying prospect for most people. But that eye-watering amount is what the owner of a three-bedroom apartment at The Ritz-Carlton Residences Singapore Cairnhill saw disappear down the sink when the property was sold earlier this year. The seller, a Chinese national who was a permanent resident here, had purchased the unit at S$3,815 per...