Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just...
Singapore Property Outlook
Prices of mass market and mid-tier condominiums are expected to remain strong this year. But those of high-end residential properties could taper off by up to 10 per cent. And if you’re looking to buy, the market is in your favour, according to Propnex’s CEO, Mohamed Ismail Abdul Gafoore, in a speech to alumni members at the National University of Singapore. Despite the weaker market sentiments,...
For those with an eye on property, it’s a buyers market now, and home hunters who’ve done their homework may be able to snag some good deals, especially for those looking to upgrade. This, according to real estate agency Propnex’s CEO, Mohamed Ismail, who held a talk for alumni members at the National University of Singapore. Prices of HDB flats jumped 17 per cent in 2007 and it is set to continue...
Even as some market observers are saying that the Singapore property market is weakening, Macquarie Global Property Advisers (MGPA) is still optimistic and sees value in the office, retail and residential sectors. “There are still some good bargains around, and in the next 6 to 9 months, there might be better pricing value,” said MGPA’s chief executive (Asia investments) Simon Treacy at the signing...