Sales of new private homes slowed last month after two consecutive months of increases, but analysts attributed the decline mainly to fewer launches and said that projects with good locations and prices will continue to draw buyers. Developers sold 1,009 units last month excluding executive condominiums, down 19 per cent from September’s 1,246 units, after they launched 38 per cent fewer homes at...
singapore property news
Demand for new private homes in Singapore eased by 19 per cent in October. According to data from the Urban Redevelopment Authority (URA), 1,009 units of new homes were sold in October, down from 1,246 units transacted in the previous month. The top selling projects during the month were located in the suburban areas. They included The Inflora at Flora Drive which sold 388 units, and Nine...
Spanning less than 538 square feet, shoebox units may be the smallest type of condominium units available. However, such units are gaining popularity among property investors -- unit owners are getting better returns by renting out these units compared to rental yields from the larger condos. The supply of condominiums are set to grow in coming months as more of such private homes are being built....
A total of 50,841 non-landed private residential units were completed between 2008 and 2012. Over the same period, 47,273 dwelling units were completed by HDB, comprising 40,128 flats for sale and 7,145 flats for rental. The Urban Redevelopment Authority (URA) granted planning approval for the development of non-landed private residential units on 385 hectares (53 per cent) of land and public housing...
Demand for luxury homes in Sentosa Cove may be softening but it is not losing its shine just yet. Property experts said prices in Sentosa Cove are set to make a rebound, even hitting previous highs seen in 2008 before the global financial crisis. The upbeat sentiment came following a report by Colliers International on Tuesday which said Sentosa Cove properties are now cheaper than mass market...
Touted as an enclave for the super-rich, Sentosa Cove "has lost some shine of late" after the 2008 global financial crisis and the raft of local property cooling measures in recent years, according to a report released by real estate company Colliers International. As a result, residential properties at the cove are now within reach of the mass market, the report said, with the difference in price...
Mainland Chinese investors top the list of foreign buyers of private property in Singapore from January to October this year, research published yesterday (Nov 4) revealed. According to numbers compiled by OrangeTee Research, 34 per cent of foreign property-buyers (excluding permanent residents) in Singapore this year were from China. Buyers from China view Singapore as a favourable property...
The absence of new executive condominium (EC) launches between now and the second half of next year is unlikely to translate into higher demand for private condominiums, analysts have said. There will be a lull of six to eight months before the next launch, as a rule introduced in January only allows developers to launch EC units for sale 15 months after the date the sites were awarded, or after...
As expected, the recently-released Real Estate Sentiment Index weakened in the third quarter. This is not surprising at all, considering that developers sold only 2,430 private homes in the quarter — their weakest showing since the fourth quarter of 2009 and down from 4,538 units sold in the second quarter, official figures show. And if you had visited any of the project launches between June and...
Private residential property prices rose 0.4 per cent - that is according to the flash estimate of the price index for private residential property for the third quarter 2013 released by the Urban Redevelopment Authority (URA). The private residential property index rose 0.8 points from 215.4 points in Q2 2013 to 216.2 points in Q3 2013. URA said this is a moderate increase compared to the 1.0 per...