Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July's sales marked an 8.2 per cent jump from the 998 units transacted in...
Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July's sales marked an 8.2 per cent jump from the 998 units transacted in...
There has been no successful collective sale of residential sites in Singapore since the Covid-19 pandemic started, bringing the en bloc market, which has been slowing down since the July 2018 cooling measures, to a halt. Checks with property analysts showed that there have been six launches and only one deal closed in early January before the coronavirus outbreak hit Singapore’s shores. In...
It was a mixed picture for Singapore's rental housing market - while rents for HDB flats and private apartments saw their first monthly increase in four months in July, leasings fell as the novel coronavirus pandemic continued to impact travel and jobs. SRX Property data showed HDB rents rose 1.4 per cent in July from the previous month, a bigger rate of increase than the small 0.4 per cent rise for...
Property developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo project on Aug 8 during a virtual booking day event. Homebuyers who made a booking during the launch got their units at an average transacted price of S$1,880 per square foot, with interest balanced across unit types, both parties...
Private home prices in Singapore in the second quarter edged up 0.3 per cent from the previous quarter, while transactions fell to its lowest in more than two years amid the COVID-19 pandemic, updated data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 24). The private residential property price index increased to 152.6 points in the second quarter, up from 152.1 points in the first...
Despite the economic slump as a result of the Covid-19 pandemic, the existing cooling measures for the property market will stay, the head of Singapore’s central bank said. Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said that this is because the property market has remained stable as a result of previous property curbs. There are also the temporary relief measures...
Private home prices in Singapore in the second quarter fell 1.1 per cent from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Wednesday (Jul 1). The private residential property price index decreased by 1.7 points from 152.1 points in the first quarter to 150.4 points in the second quarter. "This represents a decrease of 1.1 per cent compared to the...
The Government has reduced the supply of private residential units on the confirmed list of its land sales programme for the second half of this year, due to the economic impact from the COVID-19 pandemic. Three private residential sites - including one executive condominium site - have been added to the confirmed list of the Government Land Sales (GLS) Programme for the second half of 2020, said the...
Property agents are gearing up to serve more home buyers who want to view showrooms and resale residential units in person, in Phase 2 of Singapore’s post-“circuit breaker” reopening. Potential buyers were unable to do so for more than two months due to COVID-19 restrictions, prompting some of them to turn to virtual viewings instead. Since Phase 2 started on Friday (Jun 19), Mr Benjamin Poh,...
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