Sales of new private homes rose 75 per cent last month despite the circuit breaker period, a surprise to many analysts who expected the property market to remain muted after the sharp plunge in April. Data released by the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed that developers sold 486 units - excluding executive condominiums (EC) - last month, compared with 277 units in...
Singapore is now in the first phase of the post-circuit breaker period. Some sectors of the economy have reopened, but it isn’t quite business as usual in the property sector. Developers’ show galleries remain closed, and property agents are still unable to conduct face-to-face meetings or viewings with prospective buyers. Amid these challenging operating conditions, new private home sales fell...
Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday. About 171 units were resold in May, similar to levels seen during the financial crisis of 2009. This volume is a 43 per cent decrease from the 300 units resold in April,...
Sales of new private homes last month plunged 58 per cent from March as a result of "circuit breaker" restrictions, with analysts expecting the property market to remain muted in May. Data released by the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 277 units - excluding executive condominiums (EC) - last month, compared with 660 units sold in March. Including ECs,...
Resale volume for condominiums in Singapore tumbled 57.3 per cent in April to 309 units resold, compared with 723 units in March, according to flash estimates from real estate portal SRX Property released on Tuesday. Year on year, resale volume was 62.2 per cent lower and 66.8 per cent lower than the five-year average volumes for the month of April. The outside central region (OCR) accounted for the...
Sales of new private homes in Singapore plunged in the first quarter of the year along with a dip in prices, amid disruption from the COVID-19 pandemic, data showed on Friday (Apr 24). Expectations are that the private property market will deteriorate even further, as the "circuit breaker" measures take hold. Developers sold 2,149 homes (excluding executive condominiums) in the first three months of...
Sales of new private homes fell in March due to disruption from the COVID-19 pandemic, as developers refrained from launching new projects and potential foreign buyers were not able to visit Singapore to view the properties. Developers sold 660 homes – excluding executive condominiums – last month, 32.4 per cent lower than the 976 units sold in February, data from the Urban Redevelopment Authority...
Private home prices in Singapore in the first quarter fell 1.2 per cent from the previous quarter amid the COVID-19 outbreak, according to flash estimates released by the Urban Redevelopment Authority (URA) on Wednesday (Apr 1). This reverses the 0.5 per cent increase seen in the October to December period, and is also the first quarterly decline after three consecutive quarterly increases. The...
Sales of new private homes rose in February despite the COVID-19 outbreak. Developers sold 975 homes – excluding executive condominiums – last month, 57.3 per cent higher than the 620 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Mar 16). This was also 114.3 per cent more than the 455 units sold over the same period last year, making it the...
Rents and volumes of non-landed private homes and HDB flats rose in the month of February, according to flash estimates from real estate portal SRX Property. Condominium rents rose 0.1 per cent from January and are up 3.3 per cent year-on-year. Month-on-month, rents in the core central region (CCR) rose 0.9 per cent, rest of central region (RCR) rents decreased 0.4 per cent and rents from the outside...
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