Sales of new private homes, excluding executive condominiums, climbed 5.4 per cent to 1,455 units in May. This is compared to 1,380 new homes sold in April 2013, according to figures released by the Urban Redevelopment Authority (URA). The number of new private homes sold in the city fringes jumped by about 27 per cent from 473 units in April to 602 units in May. This was mostly due to new project...
singapore property news
The Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing three residential sites and two commercial-and-residential sites for sale in June 2013 under the Government Land Sales Programme for the first half of 2013. Together, these five sites can yield about 3,600 residential units. Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched...
The government is expected to announce its land sales programme for the second half of 2013 soon. Analysts expect the state to continue to put out an adequate supply of sites to meet housing demand. But some market watchers suggest that perhaps fewer sites can be offered under the Confirmed List to keep supply in check. In the first half of 2013, the government has set aside 12 residential sites...
The level of speculative activities in the private residential market in Singapore has dropped substantially in the past few years. Sub-sales of private residential properties hit a six-year low of 4.5 per cent in the first quarter of 2013, according to data from the Urban Redevelopment Authority. Analysts said sub-sales - which refer to the resale of uncompleted units - should continue to trend down...
Prices of resale private homes softened in May as the government's cooling measures continued to dampen the market. Non-landed private residential units showed an overall price drop of 0.5 per cent in May compared to April, according to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX). Prices of resale non-landed private homes in the city area dropped 0.5 per...
The resale private home market is set for a rebound after a drop in transaction volume in the first quarter following the introduction of more cooling measures in January, with sales potentially doubling in the second quarter from the previous three months, according to property analysts. SLP International Property Consultants estimates between 3,600 and 4,300 units of both completed and uncompleted...
One of the new private condominiums put up for sale during the weekend sold like hotcakes. City Developments put up 280 units of Jewel at Buangkok for sale at a preview launch on June 1. Some 73 per cent of these units were sold. About 16 per cent of buyers were foreigners or PRs from Malaysia, China, Indonesia, Taiwan, Hong Kong, Australia, USA and Japan. Early bird discounts meant the units cost...
Investors appear to be “in denial” about the risks over residential property in Hong Kong and Singapore and that a slowdown in purchases will mean lower prices, private bank Coutts’ chief investment officer for Asia and the Middle East said today (June 3). “You get that fuzzy period when everyone tells you everything is fine until the point when the bank tells you (that) you must sell or you...
Market watchers have said the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January. Based on preliminary estimates, some analysts said sales could potentially double in the second quarter compared to the first quarter. New private homes may continue to pull in the buyers,...
Resale prices of completed non-landed private homes surged 1.9 per cent last month from March, extending the 1.1 per cent rise in the previous month, according to Singapore Residential Price Index (SRPI) flash estimates released yesterday, calling into question the effectiveness of the seventh round of property market cooling measures. The SRPI, compiled by the National University of Singapore’s (NUS)...