With expectations that HDB and private property prices will climb in the next half year, the property Affordability Sentiment Index (ASI) of PropertyGuru's latest Property Sentiment Survey dipped further in Q3 2012. The study, which was done in collaboration with Blackbox Research, polled around 1,000 Singaporeans and found that 69 percent of respondents believe that HDB flat prices will rise in the next...
singapore property prices
A number of analysts have predicted a drop in Singapore’s home prices due to a large supply of land coming onstream and tighter monetary policy from the US Federal Reserve. But a study by Credit Suisse that was reported in The Business Times predicts that prices will rise some eight percent by 2017. “Contrary to the view of many, our analysis shows that prices will only correct marginally by 2017, if...
Resale home prices of both non-landed private residential units and HDB flats continued to climb to new highs in October and November against the third quarter 2012. But according to data released by the Singapore Real Estate Exchange (SRX), the rental market for private homes is showing signs of softening. As a result, overall gross rental yield dropped to a six-year historic low of 3.77 per cent in the...
Private resale home prices rose by 1 per cent in October, marking a similar rate of increase seen in September. The figures are part of the latest Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at the National University of Singapore (NUS IRES). In its report, NUS IRES said that property cooling measures have had "transient effects" on housing...
Resale home prices of both non-landed private residential units and HDB flats continued to climb in October against the third quarter 2012. Data released by the Singapore Real Estate Exchange (SRX) showed that the unit resale price for non-landed private residential rose 4.1 percent in October to $1,209 per square foot. SRX compiles data from 11 top property agencies in Singapore. The report found that...
New private homes typically cost 20 percent more than resale homes, but analysts say this price gap has since narrowed. Entering into the fourth quarter, new private developments now command just a four percent premium over resale private units, according to data compiled by the Singapore Real Estate Exchange (SRX) which collates transactions by major property agencies accounting for 80 percent of the...
A new record price psf of land area has been set after a Sentosa Cove bungalow was sold for S$32.5 million, or S$3,214 psf on the land area of 10,111 sq ft. The Ocean Drive property was reportedly bought by a Malaysian citizen from a Singaporean investor, noted The Business Times. This latest deal breaks the record set by another Sentosa Cove home sold for S$28.2 million, or S$2,989 psf on a land area of...
Singapore's private home prices in the third quarter rose 0.6 per cent from the previous quarter. This is the highest rate of increase this year compared to the 0.1-per cent drop in the first quarter and the 0.4-per cent increase in the second quarter. It was also higher than the flash estimate of 0.5 per cent released earlier this month. Meanwhile, resale prices of Housing & Development Board (HDB)...
Resale prices of private non-landed homes rose strongly by 3.2 per cent in the third quarter, according to flash estimates put out by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. It said non-landed private resale home prices hit a historic high of S$1,156 per square foot in Q3. This gain is led by a 2.5 per cent on-month increase in prices in...
Prices of private residential properties in Singapore rose 0.5 per cent to a new record high in the third quarter of 2012, according to flash estimates released by the Urban Redevelopment Authority. This was the highest quarter-on-quarter rise this year, compared to the 0.1 per cent drop in the first quarter and the 0.4 per cent increase in the second quarter. The increase in Q3 was led mainly by the...