New private home sales in the Republic jumped 83 per cent in April from March as developers launched new units and buyers returned to the market. Data from the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 1,124 housing units last month - well above the 613 units sold in March and 390 units in February. Developers launched 1,344 units in April, up from 400 in...
singapore property market
Non-landed private residential resale prices have slipped 0.7 per cent in April 2015 compared to a month ago, according to data by SRX Property released on Tuesday (May 12). Year-on-year, resale prices dropped 4 per cent from April 2014, and compared to the peak in January 2014, prices have fallen 6.9 per cent, the data showed. Resale prices of non-landed private homes in the Core Central Region and...
The outlook for Singapore's residential property market remains subdued, although there still are opportunities for well-placed and well-priced developments, according to mainboard-listed Frasers Centrepoint. "Projects with good locations and pricing continue to have the ability to attract buyers. It is clearly demonstrated by North Park Residences,” said Group CEO Lim Ee Seng at Frasers...
Prices of private non-landed residential properties edged up 0.2 per cent in March from the previous month, according to latest flash estimates of the Singapore Residential Price Index (SRPI) released by the National University of Singapore. This is the first such increase after four straight months of decline. In terms of region, the index for private residential property in the central region -...
Prices of private residential properties decreased 1 per cent quarter-on-quarter in the first quarter of 2015, representing the sixth straight quarter of price decline, the Urban Redevelopment Authority said on Friday (Apr 24). The price index for Q1 dropped to 145.5, from the previous quarter's 147.0. The decline was seen across the whole private residential property market, with non-landed properties...
With the residential property market remaining sluggish, analysts have said more homeowners are choosing to rent out their homes first, hoping to fetch a better selling price when the market recovers. However, this is putting downward pressure on rentals. Industry watchers said tenants are now signing shorter leases, expecting rentals to dip. Prices of private homes have been on the downward trend...
Resale prices of non-landed private homes dipped by 0.2 per cent in March compared to the previous month, according to flash estimates from SRX Property on Tuesday (Apr 14). Year-on-year, resale prices dropped 3.9 per cent from March 2014. Compared with the recent peak in January 2014, prices have declined 6.2 per cent, SRX said. Resale prices of private homes in the Core Central Region and the...
The Urban Redevelopment Authority (URA) has revised its Property Price Index (PPI) to better capture price trends in Singapore's private housing market. The revised index was first adopted for the year's first quarter flash estimates, which were also released on Wednesday (Apr 1). Using the revised methodology for the PPI, the overall private residential property index fell by 1.1 per cent - the sixth...
Prices of executive condominium (EC) units in some non-mature estates are likely to weaken going ahead, according to property analysts. They said this is due to the large volume of units currently available and in the pipeline. The EC scheme was introduced in the late 1990s, and since then, as many as 40 projects have been launched for sale. Official figures from the Urban Redevelopment Authority’s new...
Sales of private homes last month rose from the previous month as developers scaled back new launches. Excluding executive condominiums (ECs), developers sold 382 new units in February, up from the 374 units sold the previous month, data from the Urban Redevelopment Authority showed on Monday (Mar 16). Including ECs, 447 new units were sold last month, down from 558 units the previous month. The rise in...