A new record price psf of land area has been set after a Sentosa Cove bungalow was sold for S$32.5 million, or S$3,214 psf on the land area of 10,111 sq ft. The Ocean Drive property was reportedly bought by a Malaysian citizen from a Singaporean investor, noted The Business Times. This latest deal breaks the record set by another Sentosa Cove home sold for S$28.2 million, or S$2,989 psf on a land area of...
singapore property market
The recent property cooling measures introduced in Hong Kong will not have an impact on Singapore property prices. Experts said foreign property investors are unlikely to switch their portfolio from Hong Kong to Singapore. Besides being leading international financial centres, both Singapore and Hong Kong hold some of the world's most expensive homes. Hong Kong tops the list, according to research from...
Prices reach new high but market watchers believe Govt curbs will have impact Private home prices rose at a faster pace than initially estimated to hit a new all-time high in the third quarter, boosted by the strong response to new launches last month, but analysts say the market has stabilised amid expectations the Government will impose more curbs if these are necessary to forestall the impact of hot...
The number of private homes in Singapore purchased by mainland Chinese during the first three quarters of this year plummeted by 48 percent from the same period in 2011, reported The Business Times. According to Knight Frank’s analysis of caveats data from URA Realis, China nationals bought just 1,066 units in the first nine months, an almost 50 percent drop from the 2,046 units seen during the same...
Singapore's private home prices in the third quarter rose 0.6 per cent from the previous quarter. This is the highest rate of increase this year compared to the 0.1-per cent drop in the first quarter and the 0.4-per cent increase in the second quarter. It was also higher than the flash estimate of 0.5 per cent released earlier this month. Meanwhile, resale prices of Housing & Development Board (HDB)...
Singapore’s residential segment has seen relatively fewer investors in recent years, following several rounds of cooling measures, revealed data from Credit Bureau Singapore. From 38 percent in 2010, only 33.5 percent of investors with existing home loans took out new mortgages last year, The Straits Times reported. The figure declined to 31.8 percent in the first eight months of 2012, and analysts...
Sales of small private apartments, commonly known as shoebox units in Singapore, have taken a downward turn. Data compiled by analysts show that new sales fell about 57 per cent in September from the previous month to 99 units. The fall in the sale of shoebox units occured after the government announced that it will moderate the number of shoebox apartments entering the market. Analysts said buyers are...
More executive condominiums (ECs) are now selling for more than S$1 million. Research from real estate agency Savills Singapore has shown that over 300 new ECs were transacted above S$1 million, with half of these transacted in the first eight months of 2012. The report said there are a "seemingly growing number of young, affluent buyers snagging bigger and more luxurious penthouses...". Other factors...
Punggol may be touted as Singapore's hottest new estate after the Housing and Development Board (HDB) unveiled new plans for the area, but analysts said condominium prices and rentals may be tepid in the next two to three years. In the past year, private housing developments in Punggol have been selling like hot cakes, as the government has consistently released land for home developments. So far, three...
National Development Minister Khaw Boon Wan said strong demand for residential property in Singapore is likely to persist, as interest rates stay low. In a question to the minister in Parliament on Monday, MP Foo Mee Har cited the case of a flat in Queenstown which was sold for S$1 million. Mr Khaw said from time to time, some buyers are prepared to pay way above market valuation but these are...