Demand for new private homes in Singapore continued to increase in February, after rising sharply in January. The Urban Redevelopment Authority said excluding executive condominiums, 2,413 new private homes were sold in February, up by about 29 per cent from the previous month. In January, 1,872 new units changed hands, almost three times more than December's sales. For February, the best selling...
singapore property market
With concerns over a possible drop in private home prices of up to eight percent this year, many developers are becoming more cautious on how much they are willing to pay for private home sites. Deciding on the prices to offer for a plot on sale, developers need to take into account the possibly lower home prices into their sums. According to a BNP Paribas report, which analysed about 100 government land...
Singapore's property market may be set for an uptrend in 2012, even as the market comes to terms with the cooling measures introduced in December 2011, according to a local property website. iProperty.com Singapore arrived at this conclusion based on initial enquiry figures from the first two months of 2012. Data from email and SMS leads generated by the portal showed a 60 per cent jump in February 2012,...
Singapore ranks among the world's top five in terms of residential property price growth, said a report released on Thursday. According to the Global House Price Index by Knight Frank, Singapore saw home prices increase by 50.5 per cent over the last five years, the fourth highest increase globally. Over the same period, China topped the list with a 110.9 per cent increase in home prices followed by Hong...
Singapore's two integrated resorts (IRs) have had limited impact on home prices, according to a report by property consultancy firm DTZ. The report noted that between the first quarter of 2009 and the second quarter of 2010, capital values of private of non-landed homes rose by 65.3 per cent in Marina Bay and 38.5 per cent in Sentosa (prior to the IR's opening). After the IRs opened, prices between...
After suffering the impact of the additional buyer's stamp duty (ABSD) introduced in early December, the mass-market segment is beginning to recover with prices for completed private apartments in the Non-Central Region climbing one percent in January. This was revealed by the latest flash estimates of the National University of Singapore (NUS) Singapore Residential Price Index (SRPI), which also showed a...
Private home transactions fell in 2011 with decreased sales volumes in both the primary and secondary markets, said DTZ Research. “Demand was more affected in the prime areas compared to the suburban areas which continued to be supported by HDB upgraders and local investors who are drawn by smaller and more affordable units, costing less than S$1 million,” it said. Buyer’s sentiment was supported...
Prices of resale private homes dipped by 0.4 percent in January, according to the Singapore Residential Price Index (SRPI) flash estimate published by the Institute of Real Estate Studies at the National University of Singapore. It is the second straight month of decline, after resale prices fell by 1 percent in December. The SRPI for January showed that resale prices for private homes in the central...
Private residential property prices are expected to fall as much as 12 per cent over the next three months. This is according to analysts who also expect demand for private homes to decline as well over the next few months. Analysts say the recent move by the Government to introduce additional buyer's stamp duty (ABSD) as a further cooling measure may dampen demand from potential upgraders who make up the...
The mass-market segment will still be resilient in the coming months, particularly for developments in the Outside Central Region (OCR). Last year, mass market homes, excluding executive condominiums (ECs), hit a record, selling 65 percent or 10,374 units of the total number of new private homes in the OCR, based on the Urban Redevelopment Authority’s (URA) figures. Comparatively, OCR home sales...