Resale prices of public and private housing recorded slowdown in the first quarter of this year. Resale prices of HDB flats are up 1.6 per cent in the first quarter, a slowdown from the previous quarter which saw prices increase by 2.5 per cent. This is according to estimates released by the Housing & Development Board. It added that it will offer 22,000 new Build-to-Order or BTO flats this year if...
singapore property prices
Mass market prices of private apartments in Singapore have climbed to new highs in the first quarter of this year, mainly driven by demand from mainland Chinese buyers. Average values of properties are now at S$1,935 psf in prime areas, and S$1,043 for non-prime areas, the highest since the first quarter of 2008, according to a release from Jones Lang LaSalle. Prime market property sales continue to be...
Mass market prices of private apartments in Singapore have climbed to record highs in the first quarter of this year, mainly driven by demand from mainland Chinese buyers. Average values of properties are now at S$1,935 per square foot for prime areas, and S$1,043 for non-prime areas, the highest since the first quarter of 2008, according to a release from Jones Lang LaSalle. Prime market property sales...
Private home prices in Singapore fell slightly in February, according to the NUS Singapore Residential Price Index. The overall index fell 0.4% from January. The index covers completed non-landed properties in the central and non-central regions. The index for properties in the central area rose 1% in February, but that for non-central properties showed a decline of 1.5% from the previous month. The...
Parkview Éclat, the 35-unit boutique condominium development along Grange Road, saw two units change hands in the resale market last month as owners cash out after the project was completed last year. The property is developed by Hong Kong headquartered property developer Chyau Fwu Group, renowned for its Parkview Square art deco office tower along North Bridge Road. Parkview Éclat also bears the...
Wendy Cheng, 32, has been trying to buy a home for over two years but without success. Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as $700,000, and they have been unsuccessful in balloting for flats available from the state at a cheaper price. At her last attempt to buy an apartment directly from Singapore’s...
Two units at Pristine Heights were sold at record prices last month, with one setting a new high of $1,264 psf and another hitting $1,257 psf. The prices are above the peak of $1,202 psf in 2007, when a 732 sq ft unit on the 17th floor was sold for $880,000. The 60-unit freehold apartment along Mergui Road is seeing renewed interest from homebuyers following the launch of Cityscape at Farrer Park a block...
Scotts Square, a 338-unit freehold highend condominium development in the prime Orchard Road-Scotts Road neighbourhood, is back on investors’ radar screens, as it scheduled to obtain the temporary occupation permit towards the latter part of this year. Scotts Square, by listed luxury developer Wheelock Properties, comprises two residential towers of 43 storeys and 32 storeys each atop a three-storey...
There was a lull during the Chinese New Year festivities, and some developers decided to close their show flats during the holiday. Yet, in the secondary market, the 16-yearold Chiltern Park condominium on Serangoon Avenue 3 saw brisk sales towards end-January and early February. Located just a five-minute walk from the Lorong Chuan MRT station, the 500-unit Chiltern Park saw interest pick up pace last...
Prices of Singapore's luxury prime homes remained stable for the second straight quarter as buyers stayed cautious after recent government tightening measures, according to Jones Lang LaSalle. Overall, the Singapore mass residential market saw a 12 per cent increase in prices in 2010 driven by positive sentiment on the back of strong economic performance. However the high-end market has been more subdued...