Resale prices of completed private apartments fell in March, snapping two straight months of marginal increases. Overall resale prices declined 1 per cent from February, owing to a sharper drop in suburban areas, according to flash estimates from the NUS Singapore Residential Price Index (SRPI). This followed the revised 0.5 per cent rise in February and a 0.2 per cent increase in January. The...
singapore property news
KEPPEL Land (KepLand) is launching its Highline Residences on April 30, with a new block which has 60 units released for sale. The developer had previously sold about 86 per cent of the 210 released units at private events held for registered prospects. In September last year, KepLand said home buyers had picked up more than 80 per cent of the first 160 units released at its closed-door sales at an...
Speculation in the private property market is at its lowest in years, as the number of sub-sale transactions for private homes in the first three months of the year fell to its lowest level in nearly 11 years, signalling the market’s continued slowdown. There were 88 sub-sale transactions in the first quarter of this year, compared with 132 units transacted in the previous quarter, data released by...
Resale prices of private homes fell in March, after a marginal increase the previous month, according to flash estimates from the Singapore Residential Price Index (SRPI) released on Thursday (Apr 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 1 per cent in March from the previous month. In February, prices rose 0.4 per...
A S$4.3 million loss on the sale of a property would be a terrifying prospect for most people. But that eye-watering amount is what the owner of a three-bedroom apartment at The Ritz-Carlton Residences Singapore Cairnhill saw disappear down the sink when the property was sold earlier this year. The seller, a Chinese national who was a permanent resident here, had purchased the unit at S$3,815 per...
THE first part of this article ("Singapore property may be heading for long-term drop in value", BT, April 20) touched on three of the six "defects" in our property market that might lead to a long-term decline in property values. The first three points are: the issue of demand being exhausted with the last six years of massive supply; the Additional Buyer Stamp Duty; and the Total Debt Service Ratio...
Sales of private homes last month more than doubled in March, rising by 178 per cent from the previous month as developers launched more units. Excluding executive condominiums (ECs), developers sold 843 new units in March, up from the 303 units sold the previous month, data from the Urban Redevelopment Authority showed on Friday (Apr 15). Including ECs, 1,328 new units were sold last month, up from 433...
A SERIES of cooling measures progressively introduced in the last six years has led to a patchwork quilt covering the property market that is now uncomfortably scratchy and somewhat suffocating. Calls to relax the cooling measures began to ring out two years ago. In recent months, developers, property agents and industry associations have repeated their calls, with some predicting that measures may be...
Resale transactions for non-landed private homes surged 47.6 per cent last month from the previous month, rebounding after four straight months of decline as prices inched higher, but analysts say it remains to be seen if the market has bottomed out. Resale volume jumped to 577 homes last month from the 391 units registered in February, flash estimates from SRX Property showed on Tuesday (April 12), the...
THE successful launch of two condominium projects in March has lent a boost to new-home sale transactions in Singapore. This has also reinforced the market's belief there remains strong underlying demand for good-quality residential properties at the right price, despite the quiet months of January and February. According to data released by the Urban Redevelopment Authority (URA) on Friday,...