Rents for private non-landed homes were down 0.3 per cent in May from April, while rents for HDB flats rose slightly by 0.1 per cent, according to flash data from real estate portal SRX on Wednesday. The fall in rents for condominiums and private apartments in May followed a 0.5 per cent gain in April, which was adjusted from its initial flash estimate of 0.6 per cent. The core central region saw...
Singapore's condo resale prices rose 0.4 per cent in May from April, rising for the fourth consecutive month, according to monthly figures from real estate portal SRX Property released on Tuesday. The increase in May follows a 0.8 per cent gain in April, which was adjusted from its initial 0.9 per cent flash estimate. Price gains of non-landed private homes were led by the city fringes, or rest of...
The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). Thirteen land sites, comprising five confirmed sites and eight reserved sites, were released for sale on Thursday under the Government Land Sales (GLS) programme for the second half of 2019. The...
Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said. "The property market last year, before the cooling measures were put in place, we saw prices rising very sharply," Mr Wong said in an interview with Bloomberg Television's Haslinda Amin in Singapore. "There...
Braddell View another victim of moribund en bloc market The collective-sale cycle appears to be running out of steam, with no residential projects having achieved a successful outcome so far this year; the mega Braddell View estate has become the latest to reach its tender close with zero bids. Market watchers were unsurprised by the lack of takers for Singapore's largest private residential site,...
Despite the cooling measures introduced on July 5, 2018, Singapore's residential property market has stayed resilient and quarterly primary home sales rose in the last three quarters, to the surprise of many. In the first quarter of 2019, developers sold 1,838 new private homes, 16 per cent higher than the same period the previous year. Non-landed residential prices outside the core central region...
Singapore is the third most innovative city in the world, with innovation now an important part of real estate investment strategies, according to a new report from global property consultant JLL. The Republic, behind San Francisco and Tokyo, is supported by significant levels of foreign domestic investments, and a rapidly growing startup scene. It is a regional hub for R&D (research and development)...
Sales of private homes by developers fell 30.2 per cent in April from the previous month, following a sharp drop in the number of units launched. Excluding executive condominiums, developers in Singapore sold 735 units last month compared to the 1,054 units sold in March, according to data released by the Urban Redevelopment Authority (URA) on Wednesday (May 15). The number of units launched fell...
Resale prices for non-landed private residential units rose 0.9 per cent in April 2019, for a third straight month-on-month rise, according to SRX flash estimates on Tuesday. For the first four months of the year, non-landed resale prices are up about 2 per cent, according to data from the real estate portal. Year on year, resale prices are up 3.6 per cent, with the core central region, rest of...
Rules for buying homes using Central Provident Fund (CPF) money and HDB housing loans will be updated on Friday (May 10) – a move “in the right direction” that will give home buyers here more flexibility, some industry watchers said. The new rules could also sway demand for ageing homes, they added. READ MORE: New rules on buying properties using CPF, HDB housing loans Citing changing needs...
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