There has been no successful collective sale of residential sites in Singapore since the Covid-19 pandemic started, bringing the en bloc market, which has been slowing down since the July 2018 cooling measures, to a halt. Checks with property analysts showed that there have been six launches and only one deal closed in early January before the coronavirus outbreak hit Singapore’s shores. In...
It was a mixed picture for Singapore's rental housing market - while rents for HDB flats and private apartments saw their first monthly increase in four months in July, leasings fell as the novel coronavirus pandemic continued to impact travel and jobs. SRX Property data showed HDB rents rose 1.4 per cent in July from the previous month, a bigger rate of increase than the small 0.4 per cent rise for...
Property developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo project on Aug 8 during a virtual booking day event. Homebuyers who made a booking during the launch got their units at an average transacted price of S$1,880 per square foot, with interest balanced across unit types, both parties...
Private home prices in Singapore in the second quarter edged up 0.3 per cent from the previous quarter, while transactions fell to its lowest in more than two years amid the COVID-19 pandemic, updated data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 24). The private residential property price index increased to 152.6 points in the second quarter, up from 152.1 points in the first...
Despite the economic slump as a result of the Covid-19 pandemic, the existing cooling measures for the property market will stay, the head of Singapore’s central bank said. Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said that this is because the property market has remained stable as a result of previous property curbs. There are also the temporary relief measures...
Private home prices in Singapore in the second quarter fell 1.1 per cent from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Wednesday (Jul 1). The private residential property price index decreased by 1.7 points from 152.1 points in the first quarter to 150.4 points in the second quarter. "This represents a decrease of 1.1 per cent compared to the...
Property agents are gearing up to serve more home buyers who want to view showrooms and resale residential units in person, in Phase 2 of Singapore’s post-“circuit breaker” reopening. Potential buyers were unable to do so for more than two months due to COVID-19 restrictions, prompting some of them to turn to virtual viewings instead. Since Phase 2 started on Friday (Jun 19), Mr Benjamin Poh,...
Sales of new private homes rose 75 per cent last month despite the circuit breaker period, a surprise to many analysts who expected the property market to remain muted after the sharp plunge in April. Data released by the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed that developers sold 486 units - excluding executive condominiums (EC) - last month, compared with 277 units in...
Singapore is now in the first phase of the post-circuit breaker period. Some sectors of the economy have reopened, but it isn’t quite business as usual in the property sector. Developers’ show galleries remain closed, and property agents are still unable to conduct face-to-face meetings or viewings with prospective buyers. Amid these challenging operating conditions, new private home sales fell...
Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday. About 171 units were resold in May, similar to levels seen during the financial crisis of 2009. This volume is a 43 per cent decrease from the 300 units resold in April,...
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