Developers sold a total of 759 private residential units in November, a 39 per cent uptick from 548 units sold in October and representing a 79 per cent jump from a year ago. The top selling project last month was MCC Land's The Poiz Residences in Potong Pasir that was launched during the last weekend of November and sold 277 units at a median price of S$1,440 per square foot (psf). This was followed...
singapore property market
Amid all the gloom and doom surrounding the private residential market, a more contrarian view that has emerged now points to green shoots of recovery in the second half of 2016. A continual downward drift in residential prices is almost a foregone conclusion in light of rising vacancies, impending interest-rate hikes and a slowing economy, consultants say. But some believe transactions could see a...
Sales of private homes by developers in Singapore rose 79 per cent in November compared with a year earlier, government data showed on Tuesday (Dec 15). The Urban Redevelopment Authority said developers sold 759 units last month, up from 423 units in November 2014. Sales rose 38.5 per cent from the 548 units sold in October 2015. Source : Channel NewsAsia – 15 Dec...
Resale prices of non-landed private homes in Core Central Region (CCR) and the city-fringe have been more resilient so far this year compared to those in the suburbs. Based on the November flash estimates released by SRX Property on Tuesday, its price index for resale non-landed private homes in CCR rose 1.6 per cent from December 2014 to November 2015. Over the same period, the index for Rest of...
Rental prices for non-landed private homes fell for the 10th straight month, by 1.1 per cent in November compared to October, according to flash estimates released by SRX Property on Wednesday (Dec 9). Units in the Core Central Region (CCR), Rest of Central Region (RCR) and Outside Central Region (OCR) saw decreases in rents of 0.7 per cent, 2 per cent and 0.7 per cent respectively. On a...
The private housing market saw a slight upturn in November as resale prices went up from the previous month, according to flash estimates from SRX Property. Resale prices for non-landed homes increased by 0.6 per cent month-on-month, with the main price jump in the Core Central Region (CCR) at 3 per cent. The Rest of Central Region (RCR) saw a bump of 1.3 per cent, but the Outside Central Region dipped...
The decline in private home prices has been measured and points to the market settling at sustainable levels over time, the Monetary Authority of Singapore (MAS) said today (Nov 27), in yet another indication of the Government’s intention to keep property curbs in place. Private home prices have fallen 8 per cent in the third quarter this year from its peak in the third quarter of 2013, but the...
Resale prices of private homes continued its slow growth last month, according to the Singapore Residential Price Index (SRPI) estimates, which were released on Monday (Nov 30). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.1 per cent month-on-month in October, building on the 0.3 per cent growth in September. Prices...
Sales of new private homes jumped 60.1 per cent last month. Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the...
Rental prices for non-landed private homes fell for the ninth straight month by 0.4 per cent in October compared to September, according to flash estimates released by SRX Property on Thursday (Nov 12). Units in the Core Central Region and Outside Central Region both saw decreases in rents of 0.8 per cent. Homes in the Rest of Central Region saw a 0.4 per cent increase. On a year-on-year basis, rents...