We can all fondly recall that one euphoric moment when we discovered a great bargain and took advantage of it, whether it was for a 50-inch TV at a promo price of S$399 or that pair of sneakers you always wanted at half the original amount. But when it comes to buying properties, how easy is it to assess what is a good bargain? Recently, CapitaLand rolled out a stay-then-pay scheme coupled with a 15 per...
singapore property news
PRICES of completed private apartments and condominium units in Singapore crept up 0.2 per cent in July over the preceding month. This is according to the National University of Singapore's (NUS) July 2016 flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Monday. The July increase in the index follows a 0.7 per cent month-on-month gain in June 2016, based on the...
Sales of new private homes rebounded last month as more projects were launched in July. Excluding executive condominiums (ECs), property developers sold 1,091 units in July, around double the 536 units sold in June, data from the Urban Redevelopment Authority (URA) showed on Monday (Aug 15). Including ECs, 1,921 units were sold, up from June’s 768 units. Of the sites launched, private development...
The growing vacancy rate in the private housing market is something property developers have been harping on for the past couple of years. At 8.9 per cent, official data shows the vacancy rate for private residential units at a 16-year-high, nearing levels seen in the aftermath of the 1997 Asian financial crisis. Based on a March report by property firm Colliers, the number of mortagee sales – at 70...
THE private housing market regained some momentum last month, as developers sold 1,091 private homes (excluding executive condominiums), more than double the 536 units sold in June. Consultants attribute the marked increase to the pick-up after the mid-year lull. June is when buyers tend to hold off buying and developers hold back new launches due to the school holidays. But consultants say July's...
DESPITE a 0.5 per cent month-on-month decline in resale prices of condos and apartments in the Core Central Region (CCR) in July 2016, prices in the region were up 6.2 per cent year on year. This is according to SRX Property flash estimates for last month released on Wednesday. The CCR has outperformed the other two regions tracked by SRX's resale price index for non-landed private homes, on a y-o-y...
RESALE prices of non-landed private homes in Singapore eased 0.4 per cent in July 2016 over the previous month, based on SRX Property's flash estimate for last month released on Wednesday. The drop contrasts with a revised 0.4 per cent month-on-month gain in the index for June 2016. SRX Property had earlier indicated a 0.5 per cent increase for June based on its flash estimate for that month. The...
It is "too early" for the Government to consider lifting the property cooling measures currently in place, as it looks to make sure the gains "painstakingly made" are entrenched, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Monday (Jul 25). Speaking at the central bank's annual report briefing, Mr Menon said it is also to make sure the local property market...
LATEST data from the National University of Singapore (NUS) provides yet another piece of evidence of greater price resilience of late in non-landed private homes in prime locations compared with other segments. June flash estimates for its Singapore Residential Price Index (SRPI) series - which tracks prices of completed private apartments and condos - showed that the subindex for Central Region...
PRICES of completed private apartments and condominiums in Singapore appreciated in June 2016 over the preceding month - contrasting with the month-on-month decline posted in May this year. National University of Singapore's (NUS) June flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Thursday reflects a 0.6 per cent month-on-month (m-o-m) increase - contrasting with a...