While more developers have taken to cutting prices to improve sales amid a property slowdown, potential home buyers anticipating a broad-based price war may be disappointed as the private residential market has yet to reach a tipping point that could trigger such a situation. Analysts told TODAY that most developers are not in a rush to lower prices given that demand has yet to reach a standstill....
singapore property news
As you sit on your balcony, would you rather enjoy the sunrise or the sunset over the water? When it comes to property prices, it makes a difference. As measured along the East-West MRT line, you pay less for private housing in the east than you do in the west. Using Raffles Place’s median price per square foot (psf) as the basis for comparison, as you move east or west along the MRT line, prices...
Resale transactions for non-landed private residential units fell by 7.5 per cent month-on-month in May, and prices dipped slightly to mark a 17-month low since December 2012, according to Singapore Real Estate Exchange (SRX). In its flash report for May released on Monday (June 9), SRX said an estimated 421 transactions were registered, down from the 455 transactions in April. This represented a 42.6...
Residential properties in prime Singapore districts have become less popular with Indonesians investors, who are now focusing on cheaper apartments in outlying areas, real estate consultancy DTZ said on Tuesday (May 27). DTZ said fewer than one in five of homes purchased by Indonesian investors during the fourth quarter of 2013 and the first quarter of 2014 were in districts 9, 10 and 11. This is...
Property assets make up 80 per cent of the total wealth of an average Singaporean, according to financial advisory firm Financial Alliance. And with Central Provident Fund (CPF) money being used for property purchases, savings meant for retirement are being locked up in real estate. Amid this backdrop, the Ministry of Manpower has said it will "review and make improvements" to the CPF...
To see how impactful the government’s cooling measures have been, look no further than District 9. Data from the Singapore Real Estate Exchange (SRX) for last month showed that the median Transactions-Over-X Value (TOX) for District 9, which consists of Orchard, Cairnhill and River Valley, was negative S$130,000. Each month, SRX algorithms compare the actual transacted value for each unit in a...
New private home sales picked up last month, recovering from the doldrums they sank into in March after developers shaved prices, and analysts said the market will become more active with several attractive launches expected in the coming weeks. Last month, 745 private homes were sold, 55 per cent more than the 480 units offloaded in March, data released by the Urban Redevelopment Authority (URA)...
Property developer City Developments expects the Singapore residential market to be cautious with moderated volumes and a lower rate of sales compared with the peak of the property cycle. However, it believes that well-located projects, especially those near to MRT stations which are competitively priced, should continue to attract reasonable buying interests. The company made these comments today...
Resale prices of non-landed private homes hit a 16-month low in April, while the resale volume last month reached its highest since October last year, according to the latest flash estimates from the Singapore Real Estate Exchange (SRX). Advance data from SRX showed that overall resale prices of non-landed private residential properties slipped by 1.7 per cent in April from the previous month -- the...
Repeated rounds of cooling measures and loan restrictions may have put a squeeze on home prices here, but potential buyers continue to view affordability as a major concern and are calling for additional curbs to bring prices down even further. A biannual survey by real estate portal iProperty.com showed yesterday that 51 per cent of the 2,853 Singapore respondents intend to buy a property in the next...