Property-cooling measures will stay for now and the right time to adjust or even lift some of the temporary initiatives is when the market equilibrium is a lot more certain and sustainable, said National Development Minister Khaw Boon Wan. Private-home prices fell 0.9 per cent between April and June, continuing a slide for the seventh quarter running — the longest streak in 13 years. However, in an...
singapore property market
While the Government has done much to address the public dissatisfaction with housing that came to the fore in the 2011 General Election, National Development Minister Khaw Boon Wan told TODAY in an interview there remains more to be done, such as addressing the needs of singles and people who suddenly find themselves in financial hardship. For the masses, their rising expectations — which Mr Khaw...
The resale volume of non-landed private residential units was up 33.4 per cent year-on-year in July, with an estimated 515 units resold, SRX Property said on Thursday (Aug 13). However, compared to the previous month, resale volume was down 10.4 per cent from the 575 units resold in June 2015. Resale prices inched up 0.3 per cent from June, driven by units in the Core Central Region and Outside of...
Getting world-renowned architects to design private housing projects may boost sales, but market watchers have said that pricing and locations remain key factors for buyers at large, especially in today's lacklustre market. The latest designer condominium to be completed in Singapore is Sky Habitat at Bishan Central, which had buyers collecting keys to their units in April this year. It is designed by...
Market sentiment in the real estate industry remained weak in the second quarter of this year, according to a poll of 64 industry players conducted by the Real Estate Developers' Association of Singapore (REDAS) and the National University of Singapore (NUS). The sentiment index stood at 3.9, inching up from 3.8 in the previous three months. A score under five indicates deteriorating market conditions,...
Prices of private residential properties in the second quarter fell by 0.9 per cent from the previous quarter – the seventh consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Jul 24). The price decline was observed across all segments of the private residential property market, URA said. Prices of non-landed properties in the Core Central Region (CCR) and Rest of...
The moribund housing market may have set off a chorus of voices calling for the property cooling measures to be relaxed, but Monetary Authority of Singapore (MAS) managing director Ravi Menon said it is premature to do so as the price correction has been modest, putting paid to hopes among developers and homeowners of a market rebound. “Property prices have softened somewhat, but like I said last...
New private home sales in the Republic fell 42 per cent in June from May as developers launched fewer units. Data from the Urban Redevelopment Authority (URA) on Wednesday (Jul 15) showed developers sold 375 housing units last month - well below the revised figure of 643 units for May. Developers launched just 219 units in June, down from May's 500 units. Including executive condominiums (ECs),...
Rental prices for non-landed private residences fell by 0.5 per cent in June compared to May, according to flash estimates released by SRX Property on Wednesday (Jul 15). Non-landed private property units in the Core Central Region and Outside Central Region saw rental prices fall by 0.8 per cent and 0.7 per cent, respectively, while units in the Rest of Central Region saw no change. June’s rents...
The Republic's real estate developers association (REDAS) has warned of record-high vacancies in the private residential property market, as supply continues to build while tighter mortgage curbs cools demand. In his welcome speech at a property seminar organised by the association on Tuesday (Jul 14), REDAS' president Augustine Tan cited analysts' estimates that more than 89,000 new private homes will...