Newly-released government flash estimates for housing prices in the first three months of the year show that they have continued their downward trend. Private home prices fell a further 1.3 per cent from the previous quarter, while Housing and Development Board resale prices sank another 1.5 per cent. The downtrend was no surprise, as updates from other real estate bodies providing monthly data have...
singapore property market
Private residential property prices have been subdued, following cooling measures by the government last year. Overall, they are expected to remain muted this year. But some analysts have said prices of private homes in the city fringe could start picking up soon. This is due to new project launches in attractive locations like Commonwealth Avenue, Kim Tian Road and Prince Charles...
After a tumultuous final quarter last year, Singapore’s housing market continued to weaken in the first three months this year as prices in both the private and public sectors fell and analysts warned that there will not be any reversal in fortunes as long as the Government’s cooling measures stayed in place. Private home prices slid 1.3 per cent in the January-to-March period from the previous...
Singapore home prices fell in the first quarter of this year from the last three months of 2013. This is according to flash estimates released Tuesday by the Housing and Development Board (HDB), and the Urban Redevelopment Authority (URA). It is the third straight quarter of decline for HDB resale prices. The numbers show a 1.5-per cent decline from the last quarter of 2013. There was also a...
The private residential market is showing signs that the recent measures implemented are having some effect. Developers of a recently-launched project - The Santorini, located in Tampines - said while there were many visitors at the showroom, few actually signed on the dotted line. The project was launched on Saturday, and some 40 percent of its units have been sold. Developers said as it now...
Resale prices of completed non-landed private homes continued to fall last month, showed Singapore Residential Price Index (SRPI) flash estimates released yesterday, dragged down by an acceleration in the decline in prices of shoebox apartments. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices falling by 0.4 per cent last month...
Total investments on Singapore properties among international investors surged to S$6.4 billion last year, says property consultancy Knight Frank. This was nearly double the S$3.4 billion in 2012. The residential segment accounted for the majority of the investments, but analysts say investors are shifting their focus to hotels and commercial properties. "The Panorama" in Ang Mo Kio by Hong Kong's...
Some analysts expect rentals of private homes in Singapore to fall for the second straight quarter ending in March this year, as a higher supply of new projects is expected to come on stream. Chesterton Singapore estimates that overall rentals could fall by 0.5 to 1 per cent in the first quarter. This comes after rentals slipped 0.5 per cent in the last quarter of 2013, the first decline in four...
Analysts said developers could start looking at building more smaller units because buyers have become more price-sensitive, pushing up demand for smaller homes. Caveats lodged with the Urban Redevelopment Authority showed that the number of new units under 800 square feet accounted for about 48 per cent of total sales in 2013. Over a month into its launch, some 40 per cent of units at UOL's 555-unit...
Sales of new private homes may remain in the doldrums, but bargain hunters hoping that developers will slash prices to breathe life into the market are likely to be disappointed, analysts told TODAY. Despite the slow market, several recent launches have sold well, showing that underlying demand can be realised into sales with the right marketing and pricing strategy. So, as long as holding costs remain...