In a year fuelled by strong liquidity and economic growth, bungalows were the stars that led the surge in the Singapore property market in 2010. Data from URA shows that its price index for landed homes climbed 30.8 per cent last year. The sub-index for detached houses, or bungalows, soared 37.6 per cent against a 5.6 per cent rise in 2009. The index for non-landed private homes rose 14 per cent last...
singapore property prices
Private home prices rose by less than 1 per cent last month from the previous month, according to the latest National University of Singapore (NUS) Singapore Residential Price Index. The Singapore Residential Price Index (SRPI) for all properties grew 0.9 per cent month-on-month to 155.5 points. Suburban home prices grew the most, with month-on-month growth coming in at 2.2 per cent to reach 154.8....
Prices of HDB resale flats rose by 2.5 per cent in the last three months of 2010, the lowest quarterly growth for the year. This brings the full year's price increase to 14.1 per cent. According to the latest housing data released by HDB, the total number of resale transactions fell to about 32,260 last year, a 13 per cent drop from 2009. The median cash-over-valuation (COV) fell to S$23,000 in the...
Home prices grew only 1 per cent on-month, according to the National University of Singapore (NUS) Singapore Residential Price Index (SRPI) for December 2010. The Singapore Residential Price Index for all properties grew 0.9 per cent on-month to 155.5 points, compared to 154.1 in November 2010. Suburban home prices grew the most, with on-month growth coming in at 2.2 per cent to reach 154.8, compared to...
The recent government cooling measures in Singapore's property market will bring down sales volume, but not to the extent of causing a significant fall in prices. According to a report by DTZ Research, sales volume is expected to fall as short-term speculators will be weeded out by the hefty seller's stamp duty of up to 16 per cent within the first year of purchase. However, the property consultancy said...
The surge in resale prices and number of transactions at Seletar Springs Condominium in December reflects the rising popularity of the quiet neighbourhood. Located on Gerald Drive, off Yio Chu Kang Road, the condo is in the vicinity of landed property, with Summer Villas strata terraced development across the road and Mugliston Park Estate next door. Developed by MCL Land, Seletar Springs is a 362-unit,...
When the latest property measures were unveiled on Jan 13, it took most market watchers by surprise, mainly because we had been reassured several times that the previous rounds of measures announced on Aug 10 had been effective. Reaction from the local market has been negative but not too severe, as shown in a survey by property blog propwise.sg. Were these new measures necessary? Definitely. At the...
The outlook of developers for the real estate sector became rosier in the fourth quarter of 2010, with a large percentage of them expecting higher prices for new residential launches. Preliminary findings from the Real Estate Sentiment Index (RESI) showed an improved sentiment from Q3, when the industry was still dealing with the effects of the property cooling measures announced by the government on...
Luxury homes in the area now rarely sell for less than $1,000 psf The luxury end of the housing market remains hot as a bungalow in the prime district at Leedon Park fetched a record $61.4 million in December last year, or $1,467 per sq ft for the 41,853 sq ft site. The site is believed to have been the same one that in June of last year was bought for $59.4 million, suggesting the buyer may not have...
A jump of interest in high-end luxury homes pushed prices in the segment, which has underperformed the rest of the market over the last two years, to a fresh all-time high in Q4 2010. In the rest of the market, prices of private homes as well as HDB resale flats grew more slowly in the fourth quarter compared to the first three quarters of last year. Flash estimates released by the Urban Redevelopment...