As expected, the recently-released Real Estate Sentiment Index weakened in the third quarter. This is not surprising at all, considering that developers sold only 2,430 private homes in the quarter — their weakest showing since the fourth quarter of 2009 and down from 4,538 units sold in the second quarter, official figures show. And if you had visited any of the project launches between June and...
singapore property market
Private residential property prices rose 0.4 per cent - that is according to the flash estimate of the price index for private residential property for the third quarter 2013 released by the Urban Redevelopment Authority (URA). The private residential property index rose 0.8 points from 215.4 points in Q2 2013 to 216.2 points in Q3 2013. URA said this is a moderate increase compared to the 1.0 per...
Prices of resale private homes continued to soften in September. According to the flash estimate of the NUS Singapore Residential Price Index (SRPI), overall resale private home prices dipped 0.7 percent last month. This is compared to a 0.4 percent on-month decrease in prices in August. The SRPI showed that resale prices for private homes in the central areas fell 1.7 percent, while prices of...
With home prices in the city centre softening, analysts say many developers are likely to hold back on launching new projects for the rest of the year. Real estate consultancy CBRE estimates that there are some 2,000 units of private homes yet to be launched for sale in the core central region -- the highest compared to the city fringe and the suburban areas. Upcoming project DUO Residences in Bugis...
Private home prices inched up 0.4 per cent in the third quarter, a slowdown from the 1 per cent increase recorded in the preceding three months, real estate data released by the Urban Redevelopment Authority today (Oct 25) showed. Prices of non-landed properties in the Core Central Region (CCR) declined by 0.3 per cent, after the 0.2 per cent decrease in the previous quarter. In the Rest of Central...
Sales of private residential properties in Sentosa Cove have fallen substantially this year, following stiffer Additional Buyer's Stamp Duty (ABSD) rates implemented in January this year. Property agency PropNex said industry data showed that 42 apartments and landed homes were sold in the first nine months of this year. This is compared with 98 units transacted in the whole of last year. The...
A string of mixed development projects is expected to hit the market in the months ahead. Given their attractive locations in the city and at the city fringe, analysts believe the properties, particularly the commercial component, are likely to be well-received. The Venue Residences and Shoppes, located near the Potong Pasir MRT station, was launched for sale on Friday. The project comprises 266...
More private property buyers are choosing smaller units, according to analysts. They said they have observed this trend after loan curbs were implemented in June. They also said that they expect private property prices to remain stable in the next few months, with properties priced below S$1 million being the most popular. Ku Swee Yong, CEO of Century 21 Singapore, said: "Buyers are now a lot more...
Surprised by the strength in September new private home sales, some market watchers were hard pressed to explain the size of the rebound, especially after having blamed the Total Debt Servicing Ratio (TDSR) framework introduced in June for the housing sector’s woes over the past few months. They did find one plausible explanation for the 65-per-cent jump from August to 1,246 units sold last month,...
The private property market in Singapore picked up momentum in September, with sales of new residences exceeding 1,000 units for the first time since June, figures released by the Urban Redevelopment Authority revealed today (Oct 16). According to the figures, 1,246 new private homes were sold last month, a big increase from the 756 sold in August and the 482 in July. It was also the highest number...