Robertson Quay condominium Riverside 48 saw a bulk purchase of 33 units on Sept 2 at an average price of $1,520 psf, based on URA Realis data from Aug 30 to Sept 6. The 33 units transacted are one-bedroom apartments, with sizes ranging from 689 to 904 sq ft. The buyers paid $1.03 million to $1.39 million for each unit. Ban Hin Leong was the developer of the project, which was launched in September 1997 and...
singapore property prices
On the eve of the public preview of the 297-unit Optima @ Tanah Merah two years ago, a queue had already formed outside the showflat. All the units were snapped up within three days at an average price of $810 psf, according to a press release by TID, a joint venture between Mitsui Fudosan and Hong Leong Group. The attraction was its location right next to the Tanah Merah MRT station. At that time, the...
Landed home prices in Singapore grew at a faster pace than those of non-landed homes in the third quarter of this year, according to DTZ Research. Average resale prices of leasehold landed homes in non-prime districts grew 3.8 percent quarter-on-quarter in Q3, while average resale prices of freehold landed homes in the prime districts of 9, 10 and 11 increased by 2.8 percent quarter-on-quarter. In the...
The private home market may have continued to enjoy robust turnover in the third quarter of this year but the prices of luxury apartments appear to have peaked. According to a report by property consultancy Savills, the average per sq ft price for non-landed high-end private homes dipped 2 per cent to S$2,243 for the first two months of the third quarter from S$2,286 in the second quarter of this year. In...
Flash estimates on property prices show that buyers are willing to pay more for HDB resale flats while those purchasing private property are showing caution. HDB's flash estimate of the 3rd Quarter 2011 Resale Price Index (RPI) climbed 3.8 per cent in the third quarter compared to the 3.1 per cent rise seen in the second quarter. In the first three months of the year, the rise was 1.6 per cent. The rise...
Flash estimate of the private residential property index for the third quarter 2011 shows that the rate of increase in private residential property prices continues to moderate for the eighth consecutive quarter since the fourth quarter 2009. According to flash estimates from the Urban Redevelopment Authority (URA), the private residential property index rose from 203.0 points in the second quarter 2011...
Private resale homes prices stayed flat in August following a similar result in July, according to an index that tracks transactions in completed projects. Property experts say the flatlining prices indicate that buyers are taking a cautious approach towards property amid a period of economic uncertainty. Flash estimates of the Singapore Residential Price Index (SRPI) indicated zero overall price growth...
Average prices of mass market homes in suburban areas have exceeded the psychological threshold of S$1 million, according to a Straits Times report. Data compiled by Ku Swee Yong, Chief Executive of International Property Advisor, and the Singapore Condo agency showed that values for new and resale private units in the second quarter averaged S$1 million, up from S$970,000 over the same period last...
Keppel Land’s Reflections at Keppel Bay, the developer’s iconic waterfront property, is likely to receive its temporary occupation permit (TOP) at year-end. And that may have stoked sales of late, say property experts. The 1,129-unit Reflections, designed by renowned architect Daniel Libeskind (most famous as the master planner for the rebuilding of the World Trade Center Site in New York), sits...
The 175-unit The Orchard Residences saw two transactions from Aug 12 to 23. The 54-storey condominium tower sitting on top of the ION Orchard mall is the new landmark on Singapore’s famed shopping strip, and was developed by CapitaLand and Hong Kong’s Sun Hung Kai Properties. The Orchard MRT station sits underground and is linked to the neighbouring malls. Completed late last year, the landmark...