The local property auction market rebounded in the third quarter of 2014 on stronger residential sales, according to a report by real estate consultancy Jones Lang LaSalle (JLL), released on Thursday (Sep 25). It said nine properties were successfully auctioned in the July-September period. While this is similar to the previous quarter, the sales value was significantly higher. JLL said in the report...
singapore property market
Investors should sell their residential investments in Singapore. The property market, which has been gradually declining, does not need any new action to tip it over. Just the sheer number of new homes being supplied both in Singapore and Iskandar will drive prices lower. New private home sales in Singapore have plunged in the past three months to about 40 per cent of the monthly average of the past...
The Republic’s private housing market was once again stagnant in August with new home sales falling to the lowest level seen this year, partly owing to developers who held back offering during the inauspicious Hungry Ghost Festival. A total of 432 new private homes were sold last month, compared with the 509 units transacted in July and the weakest sales volume since December last year when only 259...
The private housing market remained in the doldrums in August, with sales of homes falling 15 per cent from the previous month as developers continued to scale back new launches. Excluding executive condominiums (ECs), developers sold 432 new units last month, down from the 509 units sold in July, data from the Urban Redevelopment Authority showed on Monday (Sep 15). Including ECs, 490 new units were...
The private housing market remained in the doldrums in August, with sales of homes falling 15 per cent from the previous month as developers continued to scale back new launches. Excluding executive condominiums (ECs), developers sold 432 new units last month, down from the 509 units sold in July, data from the Urban Redevelopment Authority showed on Monday (Sep 15). Including ECs, 490 new units were...
The private housing market showed signs of life in August with resale prices rising for the first time in five months, shrugging off the traditionally inauspicious Hungry Ghost month, but analysts have warned it is too early to say a sustained turnaround is on the cards. Resale prices of non-landed private homes registered a month-on-month increase of 0.4 per cent last month, reversing the previous four...
Home prices in Singapore will decline at a steeper pace, falling by 20 per cent between this year and 2016, as economic restructuring as well as property and loan curbs continue to weigh on the housing market, Bank of America Merrill Lynch (BAML) said in its research report released Tuesday (Sep 9). “Overly tight population policies will imply the dominance of ageing-resident demographics over the...
Resale prices of non-landed private homes in August rose 0.4 per cent month-on-month, according to flash estimates from the Singapore Real Estate Exchange (SRX) on Monday (Sep 8). Still, when compared with August 2013, resale prices of non-landed private homes have dropped 5 per cent. Compared with the recent peak in January 2014, prices have declined 5.3 per cent, SRX said. Resale prices of private...
Property observers are expecting more new launches in the private residential market in September and October. They said August was a slow month as it coincided with the Hungry Ghost Month, which is seen by some to be an inauspicious time to buy homes. One private residential development soon to be launched is the 500-unit Highline Residences at Tiong Bahru. A private preview for the development will be...
Resale prices of private homes slipped lower in July according to Singapore Residential Price Index (SRPI) estimates, which were released on Thursday (Aug 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices fell 0.3 per cent in July from the previous month. In June, prices fell 0.5 per cent from a month earlier. Prices of small...