Recent price increases of relatively scarce landed homes have outstripped gains for non-landed homes, leading to talk of an increasingly segmented market. According to the Urban Redevelopment Authority's third quarter price index released, overall private home prices rose 2.9 per cent in the three months to Sept 30 - below the preliminary estimate of 3.1 per cent. The market was buoyed by landed home...
singapore property prices
Completed early last year, the RiverGate development in the Robertson Quay area, where some units enjoy spectacular views of the Singapore River, has seen transaction prices scale $2,000 psf since July. However, they are nowhere near the record high of $2,701 psf achieved in May 2007, when a 3,143 sq ft unit was sold for $8.49 million. When the project was launched in early 2005, average prices were only...
Singapore's measures to cool the property sector had a stronger effect on prices in the private housing segment in the third quarter than initially estimated. Final data released on Friday by the Urban Redevelopment Authority (URA) showed that overall private residential prices rose 2.9 per cent from the second quarter, slowing sharply after a gain of 5.3 per cent in the previous three months. URA's...
Upgraders are now betting on the West Coast of Singapore, where competitive pricing continues to drive strong demand for private condominiums. One such example is Palm Gardens, a 694-unit development at Hong San Walk, off Choa Chu Kang Avenue 1, which saw three transactions at prices ranging from $564 to $633 psf in the period of Sept 14 to 21. Early last month, a 958 sq ft, two-bedroom unit on the third...
SC Global have sold a penthouse at The Boulevard Residence recently for $30 million or $4,242 per square foot. This is the highest transaction in absolute price quantum in the development. In unit price terms, too, the $4,242 psf achieved for the most recent transaction is the highest at The Boulevard Residence, surpassing the $3,933 psf that a three-bedroom standard apartment of 2,034 sq ft sold for...
Lately, there has been a surge in transactions at The Calrose and Seasons Park along Yio Chu Kang Road. The reason? Property agents like Benjamin Tan of C&H Group note that upgraders see value in the competitively priced condominiums, which are located in a good neighbourhhod. The Yio Chu Kang/Ang Mo Kio area has become an attractive residential enclave as it is just a few bus stops away from the Yio...
Private residential property prices rose from 184.2 points in the second quarter to 190.0 points in the third quarter of 2010. Releasing the flash estimate on Friday morning, the Urban Redevelopment Authority (URA) said this represents an increase of 3.1 per cent, compared with 5.3 per cent in the previous quarter. URA also released on Friday the flash estimates of the price changes in three geographical...
In prime district 9, located along Kim Seng Road, is Lippo Realty’s The Trillium, which has 231 units in three 29-storey towers. The freehold high-end project is located just across the street from Great World City, which is frequented by Indonesians, and is a short drive to the CBD and Orchard Road. As such, the development is popular with Indonesian buyers. During the period of Aug 31 to Sept 7, three...
The Singapore Residential Price Index (SRPI), compiled by the NUS Institute of Real Estate Studies, show that prices of non-landed private homes remained flat in August as compared to July. The latest flash estimates from National University of Singapore (NUS) covers only completed properties. The overall price index for non-landed homes for August rose 0.8% month on month, compared with a month-on-month...
Private resale homes prices are continuing to hit record highs. However the pace of increase slowed this quarter, according to a report by DTZ. This weakening rise is likely to come to a stop over the rest of the year as recent cooling measures on residential market take effect, it said. 'Sales volume is expected to be lower as sellers continue to maintain their asking prices while potential buyers hold...