Homes near MRT stations generally enjoy strong demand. For homes in mature estates with shopping centres and other amenities, demand is well supported — even in a quiet market. One such development is Queens, located a short walk from the Queenstown MRT station. The 722- unit, 99-year leasehold condominium comprises three 39-storey towers. The eight-year-old condo along Stirling Road is near good...
singapore property prices
Private property prices in Singapore have remained at affordable levels to first-time home buyers despite the recent run-up in the housing market here. The government's recent announcement of cooling measures also had little impact on affordability. The Real Estate Developers' Association of Singapore (REDAS) said this may help boost prospects in the local property market. These days, first-time buyers...
The recent property-cooling measures are not likely to have a significant long-term impact on the overall real estate market in Singapore, with global economic issues playing a larger role, property experts speaking at an industry seminar said yesterday. "Generally, the property price is affected by external factors or the growth of the Singapore property prices is because of the improved economy....
The dizzying rise in property prices here is not sustainable and the market may be heading for a hard landing in one to two years' time. When that happens, property values may fall by as much as 50 per cent, according to an expert at a real estate forum yesterday. Property experts speaking at the National University of Singapore's Institute of Real Estate Studies Forum said that excess liquidity in the...
Not for the time being, but the expected decline in HDB resale prices may cause investors to think twice Since the announcement of the property market cooling measures late last month, I have been frequently asked the question: When can we expect private housing prices to correct? We have had two weekends and at least one major developers' preview of a condominium project in Pasir Ris to gauge the...
Large apartments are becoming scarce in Singapore as developers continue to shrink the sizes of newer units these days. For those who aspire to a bigger apartment and are looking at a value-for-money purchase, HUDC flats are an attractive option. This is clearly the case at the 918-unit Braddell View located on Braddell Hill, where there were four transactions from Aug 13 to 20. “The main attraction is...
Increase in transactions of small units keeping prices above $1,000 psf Small unit size is not only the new popular; it's also what has skewed per square foot (psf) prices upwards in recent time. The median price quantum of developer sales has dropped from about $1.4 million in April this year to $1.2 million in May and June and $1.1 million in July - but median psf prices have hovered above $1,000 psf...
With inner-city living becoming increasingly popular, homebuyers and investors will have wider options as more old office buildings are torn down and redeveloped into high-rise residential towers. The 43-storey, 312-unit The Clift developed by Far East Organization (FEO) is expected to be completed next January. Located in the heart of the CBD on McCallum Street, the project is across the road from the...
Property index climbs mere 0.1% in July The prices of completed condominiums and apartments showed early signs of stabilising in July from the peak levels recorded in previous months. This is according to the latest reading of the Singapore Residential Property Index (SRPI) developed by the National University of Singapore's Institute of Real Estate Studies. The index tracks price movements of a basket...
Singapore private property prices has increased by 34 per cent, claimed a global survey of house prices conducted by the Global Property Guide. This is the fastest in the world for the year 2010 to June 30, and also the highest recorded year-on-year increase in the country since 1995, according to Global Property Guide. Hong Kong, Australia and Taiwan took the next three positions. Also in the top 10 is...