Singapore's luxury home prices have fallen, according to property consultant Jones Lang LaSalle. Prices in the first quarter fell 0.6 per cent quarter-on-quarter, and 4.3 per cent year-on-year. Jones Lang LaSalle said the price decline was partly due to government measures to cool the property market. Latest measures introduced in January this year are the seventh round of property cooling...
singapore property market
Packed showflats and brisk sales -- Japanese developer Sekisui House said the hot demand for property in Singapore has helped to boost its revenue. It hopes to increase the revenue contribution from its overseas markets to 10 per cent in the short-term. It is currently developing projects in Singapore, China, the United States and Australia. Kenta Konishi, managing director of Sekisui House...
Several mixed development projects are expected to be launched for sale in the coming months. Some analysts say home buyers and investors should assess their options carefully as mixed development projects may not necessarily command a premium over pure residential developments. Hillion Residences at Bukit Panjang is one of the mixed development projects in the market. Over three quarters of the...
Private residential property prices in Singapore rose by 0.6 per cent in the first quarter of 2013, compared to the 1.8 per cent price growth recorded in the fourth quarter of 2012. This is according to data released by the Urban Redevelopment Authority (URA) on Friday. Private residential property rentals went up by 0.8 per cent in the first three months of this year, which was marginally higher...
Foreign buyers of Singapore properties have not totally fled the market, despite the higher taxes that they have to pay following tough cooling measures. More are finding it worthwhile to adjust their budgets, just to get their hands on their dream homes. A market flushed with cash and low borrowing rates has made investors all over the world to seek safe havens in Singapore properties in the last...
Prices in the resale private property market fell just two per cent in March compared to February, according to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX). But resale volumes in March jumped 87 per cent from February. The drop in resale private home prices was led by those in the suburbs, where resale prices fetched S$1,071 per square foot, 3 per cent lower...
First-time home buyers have been propping up demand in the local property market. They are not affected by the latest cooling measures implemented in January since they belong to the group without a mortgage loan. 24-year-old Travis Ye became a condo owner for the first time in September last year, when his parents put down a 30 per cent downpayment for his S$1.4 million condominium at eCo. That's...
Prices of private resale homes dropped 1.4 per cent in February from January, after rising 0.8 per cent month-on-month in January. This is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The weaker SRPI data from the Institute of Real Estate Studies at the National University of Singapore (NUS) comes in the wake of...
Since additional property cooling measures kicked in this January, property agents and lawyers have reported a rise in 'decoupling' queries among joint home owners. The process allows one couple to own two properties, without having to pay the higher additional buyer's stamp duty (ABSD) of 7 per cent on a second property. Joint-owners of a property could be a couple, or a group of siblings - and more of...
Sales of new private homes plummeted 65 per cent in February from the previous month, a drop which analysts ascribed to a “knee-jerk” reaction to the latest round of cooling measures and a lull in the market because of the Chinese New Year holiday. However, they said they expected volumes to rebound sharply this month as developers launch new projects with sweeteners to woo buyers — and, indeed,...