The resale private home market is set for a rebound after a drop in transaction volume in the first quarter following the introduction of more cooling measures in January, with sales potentially doubling in the second quarter from the previous three months, according to property analysts. SLP International Property Consultants estimates between 3,600 and 4,300 units of both completed and uncompleted...
singapore property market
One of the new private condominiums put up for sale during the weekend sold like hotcakes. City Developments put up 280 units of Jewel at Buangkok for sale at a preview launch on June 1. Some 73 per cent of these units were sold. About 16 per cent of buyers were foreigners or PRs from Malaysia, China, Indonesia, Taiwan, Hong Kong, Australia, USA and Japan. Early bird discounts meant the units cost...
Investors appear to be “in denial” about the risks over residential property in Hong Kong and Singapore and that a slowdown in purchases will mean lower prices, private bank Coutts’ chief investment officer for Asia and the Middle East said today (June 3). “You get that fuzzy period when everyone tells you everything is fine until the point when the bank tells you (that) you must sell or you...
Market watchers have said the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January. Based on preliminary estimates, some analysts said sales could potentially double in the second quarter compared to the first quarter. New private homes may continue to pull in the buyers,...
Resale prices of completed non-landed private homes surged 1.9 per cent last month from March, extending the 1.1 per cent rise in the previous month, according to Singapore Residential Price Index (SRPI) flash estimates released yesterday, calling into question the effectiveness of the seventh round of property market cooling measures. The SRPI, compiled by the National University of Singapore’s (NUS)...
Resale prices of private homes in Singapore rose at a faster rate of 1.9 per cent in April, compared to the previous month's 1.1 per cent price increase. The Singapore Residential Price Index (SRPI) flash estimates were published by the Institute of Real Estate Studies at the National University of Singapore on Tuesday. The price increase was led by private homes outside the central region, which...
The number of returned condominiums is at its highest in about a year, according to property research firm Square Foot Research. Data shows there were 152 units returned in April. This slightly pips the previous high of 150 units returned in May 2012. It also brings the total number of units returned for the first four months of this year to 415, about 10 per cent higher than the same period in 2012...
Resale prices of private homes declined marginally by 0.4 per cent in April compared to March. Resale volumes also remained low, with 572 non-landed units transacted compared to 614 in the previous month. On a year-on-year basis, the resale volume recorded in April represented a more than 50 per cent drop from the same period last year. This is according to data from major property agencies compiled...
Singapore's resale property market continues to slow as buyers remained on the sidelines after the government's latest round of property cooling measures. Flash figures from the Singapore Real Estate Exchange (SRX) revealed that transaction volumes in both private and HDB resale markets fell last month. Prices stayed fairly resilient as the overall median price of resale HDB flats inched up, while...
Sales of new private homes, excluding executive condominiums, halved to 1,375 units in April, compared to March. This was down from the record 2,793 units sold by developers in March, the highest monthly sale volume since June 2007. According to the latest figures released by the Urban Redevelopment Authority, the April 2013 figure was also lower than the 2,497 new home sales recorded a year...