Since 2009, private homeowners in Singapore have greatly benefitted from the recovery in the property market. A report by Square Foot Research revealed that owners received at least S$20.3 billion in gross profit since late 2009 based on caveats data. This explains the strong sales figure of S$60.1 billion recorded during the period, noted the report. Square Foot added that actual figures could be a lot...
singapore property market
Prices of private homes rose marginally by 0.4 per cent in Q2 2012, according to the Urban Redevelopment Authority's flash estimates. In Q1 2012, private residential properties saw the first quarterly price fall of 0.1 per cent since Q2 2009, following nine consecutive quarters of declining price increases. URA said prices of non-landed private residential properties increased by 0.6 per cent in the core...
Prices of resale private homes in Singapore climbed 1.5 per cent on-month in May, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). This marked the third consecutive monthly increase in the overall private home market. While prices rose in all Singapore regions in May, those in the non-central area rose most sharply, by 2.2...
While home prices in the northeast district are expected to be stable in the coming year, analysts say the area may potentially see an oversupply of homes in the future. In the next few years, Punggol, Sengkang and Pasir Ris will continue to see intense construction activity, with market watchers expecting some 17,000 residential units to come onstream in the area over the next five to six years. Later...
Residential property prices have been on an uptrend over the past two years, especially those of suburban condominiums and HDB resale flats. In mature estates, buying interest and prices have been strong due to established property fundamentals such as location, accessibility, town centre amenities and, in some cases, proximity to prominent educational institutions. However, the recent years have also...
Home buying demand for the second half of the year could slow, according to market watchers. They said that is mainly because a large portion of pent-up demand has already been satisfied. With six new land plots for executive condominium (EC) development up for tender later this year, analysts said prices for mass market homes may also fall. Lim Yong Hua and his family have been looking for a new home...
Sentosa Cove failed to deliver good home sales numbers on the back of a general slowdown in the luxury property sector. According to consultants, the changing trend is due to attractive deals being offered in other areas, a lack of new launches on Sentosa and foreign buyers being deterred by the additional buyer’s stamp duty (ABSD). Alan Cheong, Research Head of Savills Singapore, noted that since the...
Private home sales in Singapore saw a big decline of 23 percent month-on-month in May. Excluding executive condominiums (ECs), the drop in sales was even more significant at 32 percent from the previous month. According to data released by the Urban Redevelopment Authority, 1,702 new private residential units, excluding executive condominiums (ECs), were sold in May, down from April's record 2,487 units...
Preliminary price indices for completed non-landed properties released last week suggest that the resale market for private apartments has finally shaken off the dampening effects of the additional buyer's stamp duty (ABSD) imposed last December. The National University of Singapore's flash Singapore Residential Price Index for last month inched up 0.8 per cent, the second consecutive monthly rise...
Housing supply will likely hold firm in the second half of this year as developers continue to be active in the Government Land Sales (GLS) Programme. According to Chia Siew Chuin, Director of Research & Advisory at Colliers International, an additional 28 to 30 new residential sites will likely be added to the confirmed and reserve lists, which could yield up to 14,000 homes. “The government...