The housing rental market in Singapore is likely to see a temporary slowdown in activity due to the coronavirus outbreak as data released on Wednesday showed rents for both non-landed private homes and HDB flats rose in January while the number of leasings fell. Rents of private apartments and condominiums climbed 0.9 per cent month on month, after dipping 0.5 per cent in December, according to real...
Resale prices for non-landed private residential properties in Singapore rose slightly in January 2020 after a flat performance in December, according to flash estimates from real estate portal SRX Property. Condominium resale prices were up 0.5 per cent compared to December. Year on year (y-o-y), prices increased 2.3 per cent. Meanwhile, volume grew 4 per cent to 684 units resold in January, from...
Some Singapore-listed housing developers can now apply to be exempted from the Qualifying Certificate (QC) rules imposed on foreign housing developers, provided they have a "substantial connection to Singapore". This will spare them from having to pay hefty extension charges if they cannot meet stipulated deadlines to complete developing their projects and selling all the units. Developers that stand...
In property-crazed Singapore, owning real estate isn't always the high-yielding investment you might think. The rate of return for private apartments in the city-state has slipped since 2011, when measures to cool the market were introduced by the government. In fact, some units now have a lower yield than Singapore's national pension plan, the Central Provident Fund (CPF), which has a minimum fixed...
The private residential market in Singapore appears to be stabilising in line with economic fundamentals, said Chia Ngiang Hong, president of the Real Estate Developers’ Association of Singapore (Redas). "In the beginning of the year, most analysts expect new home sales for the year 2020 to remain resilient and roughly match 2019’s level. Prices of new homes are not expected to change much," Mr Chia...
Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31). Speaking at the the association's spring festival lunch, he said there could be more than 30 projects with 9,000 new units launched for sale this year. Half of the new projects are expected to be located in the core central...
Developers should breathe easier as the private home market seems to have achieved a soft landing in 2019 as prices rose moderately amid higher sales, despite tough cooling measures imposed in 2018. Demand for private homes remained resilient with the price index up 0.5 per cent in Q4 over the prior quarter, and higher than the 0.3 per cent flash estimate released on Jan 2, according to the latest data...
Singapore's private home price index rose 0.5 per cent in Q4 2019 over the prior quarter, faster than the 0.3 per cent flash estimate released on Jan 2, according to the latest data from the Urban Redevelopment Authority (URA) on Thursday. For the full year of 2019, prices were 2.7 per cent higher, versus the 7.9 per cent rise in 2018. In Q3 2019, the index rose 1.3 per cent. In Q4 2019, prices of...
Private home sales in 2019 rose 15 per cent to 10,104 units - signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December. Housing demand was robust across the board, with six of the top 10 selling projects located in the outside central region (OCR) as HDB upgraders continued to snap up private homes, noted Lee Sze Teck, Huttons Asia director...
Sales of new private homes plunged 53.8 per cent month-on-month last December, on the back of the year-end holidays and with few new units launched. Developers sold 538 homes - excluding executive condominiums - in December, according to data complied by the Urban Redevelopment Authority (URA). This was a sharp drop from the revised 1,165 homes sold the previous month. On a year-on-year basis,...
Compare listings
Compare