Competition is likely to get more intense in the private residential property market, with developers rolling out new projects. Based on new home sales data for January 2015 from the Urban Redevelopment Authority, there are 20 large developments with a total unsold stock of more than 200 units each - excluding executive condominiums. They include recent projects like Symphony Suites in Yishun, as well as...
singapore property market
Rental prices for Housing and Development Board (HDB) flats fell 0.3 per cent in February from the previous month, while rents for private homes also continued to fall, according to SRX Property. Three-room and four-room flats saw rental prices decline by 0.8 and 0.6 per cent, respectively, while five-room and executive flats, in contrast, saw a pick-up in rental prices by 0.7 and 0.5 per cent,...
Resale prices of non-landed private homes were flat in February from the previous month, while resale volume remained low, according to flash estimates from SRX Property on Tuesday (Mar 10). Year-on-year, resale prices dropped 3.2 per cent from February 2014. Compared with the recent peak in January 2014, prices have declined 5.8 per cent, SRX said. Resale prices of private homes in the Core Central...
National Development Minister Khaw Boon Wan on Tuesday (Mar 10) reiterated that Singapore wants to see a "soft landing" for its housing market. 2014 was the first full year that home prices fell after several years of increase, amid Government measures to cool the property market. HDB resale flat prices slipped by six per cent, while private homes saw a four per cent decline. Some Members of Parliament...
Resale prices of private homes fell last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Mar 2. The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 1.6 per cent in January from the previous month, when prices fell 1 per cent from a month earlier. Prices of homes in the central...
Sales of private homes in January rose from the previous month as developers launched more units. Excluding executive condominiums (ECs), developers sold 372 new units in January, up from the 230 units sold the previous month, data from the Urban Redevelopment Authority showed on Monday (Feb 16). Including ECs, 556 new units were sold last month, up from 406 units the previous month. The rise in...
Rental prices for Housing and Development Board (HDB) flats fell 0.5 per cent in January from the previous month, while rents for private homes rose 0.2 per cent, according to SRX Property. Four-room, five-room and executive flats saw rental prices fall 1.3 per cent, 0.3 per cent and 1.6 per cent, respectively. Three-room flats, however, bucked the trend with rents rising by 0.3 per cent. On-year,...
Going into 2015, property developers are gearing up to roll out new private residential projects. Amid challenging market conditions, analysts said the new units will likely be more competitively priced. Looking at past transactions, real estate agency PropNex Realty said prices of new homes have weakened by 10 to 12 per cent on average over the past year. Symphony Suites at Yishun was launched over...
The non-landed private residential resale market here continued to weaken in January with prices falling and sales volume staying flat compared to the previous month, SRX Property said Tuesday (Feb 10). Resale prices for the segment dipped another 0.2 per cent in January from the preceding month, a flash report by SRX showed. On a year-on-year basis, prices were 6.5 per cent below that of January...
Resale prices of private homes fell again in December, according to Singapore Residential Price Index (SRPI) estimates released on Wednesday (Jan 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 1.2 per cent in December from the previous month. In November, prices fell 0.4 per cent from a month earlier. Prices of homes...