New private-home sales stirred in February after two months of near slumber, but analysts said activity remained muted as developers and prospective buyers continued to hold back in the current cautious environment. Developers sold 724 non-landed private homes last month, a 28 per cent rise from 565 in January, after they launched 671 units or 22 per cent more than January’s 549 units, figures...
singapore property market
The resale market continued its downward trend as sales of previously-owned private homes last month slumped to their lowest level in more than five years, a further indication of the impact the cooling measures have had in dampening demand. Flash estimates by the Singapore Real Estate Exchange (SRX) yesterday put the overall resale volume of non-landed private homes at 242 units last month, down 18.5...
The number of resale non-landed private homes transacted in February was the lowest in more than five years. This is according to latest numbers from the Singapore Real Estate Exchange (SRX). The data also showed that resale prices fell by 2 per cent from January. Property consultants said that they expect the resale market for private homes to remain fairly muted amid current cooling...
Real estate agents are increasingly turning from the once-lucrative resale market to rentals, as they hunt for a living to preserve their careers and clients during what is expected to be another challenging year for the industry. The shift comes as the rental market holds its own in the housing sector, which has been hit by slowing demand following several rounds of cooling measures and lending curbs,...
It's now easier for tenants to negotiate rentals for private residential homes as some landlords have become increasingly concerned about the impact of looming supply of rental units, according to some property agents. SLP International Property Consultants said average rentals have fallen by 1 per cent in recent months, as they foresee more downside this year. A total of 19,907 private residential...
The Republic’s property market is in for another challenging year with cooling measures set to stay in place and with the introduction of new measures in the construction sector, City Developments Limited’s Executive Chairman Kwek Leng Beng said yesterday after the company reported an 11 per cent fall in fourth-quarter net profit. The head of Singapore’s second-largest listed developer maintained...
The number of HDB flat dwellers buying condominiums or private apartments last year fell 1.1 percentage point. According to the Singapore Real Estate Exchange (SRX), the total number of non-landed private home transactions in 2013 was 20,203 units. Of these, 9,192 units were bought by those who owned or lived in HDB flats. This accounted for 45.5 per cent of the total purchases, down from 46.6 per...
With the assurance from the Government that the property cooling measures are here to stay, housing market sentiment will remain weak as buyers stay longer on the sidelines, said analysts yesterday. This is because those looking to buy a new property can look forward to further downward price correction, after Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said on Friday that there is...
The Singapore government plans to keep property market cooling measures in place for the time being, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Friday, even as real-estate prices have shown signs of stabilising after large increases in recent years. "Given the run-up in prices in the last four years, it is too early to start relaxing our measures," Mr. Tharman told...
While a growing number of property market participants are calling for the Government to tweak some of the measures introduced to cool the market, observers said it may be premature to do so as there is still room for the sector to stabilise. Economists TODAY spoke to have raised concerns that any unravelling of the cooling measures before interest rates start to rise would, once again, heighten the...