Residential property prices in Singapore continued to rise in the fourth quarter, capping off a full year of strong growth for 2010. Based on initial flash estimates, prices of HDB resale flats for the full year rose almost 14 percent while private home prices increased by 17.6 percent. But signs are emerging that the market is stabilising, as the rate of growth slowed in the fourth quarter. According...
singapore property prices
Prices of private residential properties hit a new high in the fourth quarter of 2010. This is according to the latest flash estimates from the Urban Redevelopment Authority (URA). The price index for private residential property rose 2.7 per cent to 194.8 points. This compares with 2.9 per cent in the previous quarter. For the full year, the price index increased by 17.6 per cent in 2010. For the...
Bayshore Park may be 24 years old and on a 99-year lease tenure, but it remains popular. The 1,093-unit development comprises four 32-storey towers and three low-rise 10-floor blocks. The condominium was developed by Far East Organization (FEO) and completed in 1986. As one of the older developments in the area, the condo sits on a sprawling site of over one million sq ft. Designed with a seaside resort...
Prices of freehold landed housing in Singapore's prime districts have surged 5.1 per cent in the fourth quarter from the previous three months, compared to growth of 2 per cent in the third quarter. The average price of landed homes in the prime districts in the fourth quarter stands at $1,693 psf, property consultant DTZ said yesterday. Outside the prime districts, landed prices are up by 4.3 per cent to...
Homebuyers looking for condominiums with good amenities, accessibility and proximity to popular schools and priced under $800,000 are finding them at Regentville, on Hougang Street 92. The 580-unit 99- year leasehold development also fronts the junction of Hougang Avenue 9 and Yio Chu Kang Road. Developed by Far East Organization, Regentville comprises five 15-storey towers of two-bedroom units sized 980...
More top-end condominiums in the core central region (CCR) have been changing hands - at higher prices - with each passing month. Yet, deals above $4,000 psf are still rare. Analysts say that this shows the luxury segment still has room for capital appreciation. November saw only one such transaction - a Scotts Square unit which sold for $4,358 psf, according to the Urban Redevelopment Authority (URA). In...
Private residential property prices are expected to rise between five and 12 per cent next year. Analysts expect high-end properties to lead the price increase. They say prices in that segment still have room to grow because of the positive economic outlook for 2011. Robust economic growth forecast of between four and six per cent next year and abundant liquidity are making analysts upbeat. Karamjit...
The 509-unit River Place on Havelock Road has recently caught the attention of investors and property agents attribute it to the perception that it could be undervalued relative to other newer projects in the vicinity — for instance, The Pier at Robertson, completed in 2006, where transaction prices in late September/October ranged from $1,696 to $2,032 psf; and Watermark at Robertson Quay, completed two...
OCBC today said in a new report yesterday that mass-market homes in Singapore are looking expensive, while high-end properties, which are yet to hit their previous peak prices, could be even riskier bets because of their reliance on fickle overseas buyers. "The market may choose to 'dance until the music stops', but in our opinion, it is time to recognise the risks of direct investments in residential...
Soaring above the Hillview and Bukit Batok estates in District 23, Regent Heights is one of the tallest condominium projects in the area. The 11-year-old development by Bukit Landmark Properties, a unit of Far East Organization, recently saw significant interest from HDB upgraders. “The price in the area is still very affordable,” says DTZ realtor Eric Kang, who was negotiating deals for a couple of...