Owning a waterfront home appears to be an aspiration among homeowners, going by the record prices at Sentosa Cove and the overwhelming response to the latest launch of waterfront HDB homes in Punggol. Over in the East, there has been growing interest in the reasonably priced waterfront homes overlooking Bedok Reservoir near the Tanah Merah MRT Station and good schools like Temasek Polytechnic and Anglican...
singapore property prices
Others say excessive liquidity exaggerates prices PROPERTY prices of both private and Housing Board resale flats have, for the first time, surpassed previous peaks to reach new records. Latest official estimates show private home prices rose 5.2 per cent in the second quarter, after a 5.6 per cent jump in the first quarter. That means prices are now 1.5 per cent above the 1996 highs. HDB resale flat...
Even though transactions of new home sales have dropped, prices seem to have held up. For bargain hunters who are looking for properties in the price range of $600 psf, one can consider Choa Chu Kang. Take for instance the 553-unit Regent Grove, a 99-year leasehold condominium located at Choa Chu Kang North 7 (near the Yew Tee MRT station.) It appears to be drawing homebuyers on the lookout for reasonably...
PRICES of private residential properties have crossed the peak reached in 1996 in the second quarter, according to flash estimates by the Urban Redevelopment Authority (URA). The private-residential-property price index, based on URA estimates, rose from 175.0 points in Q1 to 184.1 points in Q2. While this increase of 5.2 per cent is lower compared with the 5.6 per cent rise in the previous quarter, the...
Private home prices remained firm in the second quarter, sending the residential property price index to a record high of 184.1 points. Private residential prices increased by 5.2 percent quarter-on-quarter in the April-June period, according to flash estimates released by the Urban Redevelopment Authority (URA) on Thursday. The figure beats the 3 percent rise forecast by some analysts. But market...
Increases in private home prices are expected to slow down in the second quarter after climbing 5.6 percent in the first quarter. Colliers International said suburban homes could cost 2 to 3 percent more on average for the next two quarters. Prices of suburban homes have already surpassed the peak by about 10 percent. Meanwhile prices in the luxury segment have been projected to grow by up to 20 percent...
It may be three years before Double Bay Residences is completed, but some buyers of the sold-out, 646-unit condominium at Simei Street 4 have already cashed out for a profit. The 99-year leasehold project was launched in March last year amid much uncertainty in the property market. Units went for as low as $409 psf, with the average selling price in the $600 to $650 psf range. With the property market...
Do not expect the private residential property market to cool abruptly in the second half of this year. While property sales and home prices in some segments may soften in coming months, industry experts say the market is not likely to see a steep correction. Observers believe buyers still have excess funds to chase more units here, with many considering property investing to be a safe haven compared to...
The pace of growth in home prices has slowed in the second quarter of 2010 with the exception of the mass market segment, said DTZ Research. According to DTZ, the resale prices of leasehold homes in the suburban areas rose by 4 per cent in Q2 on-quarter to $648 per square foot (psf) compared with the 2.1-per-cent increase recorded in the first three months of the year. Looking ahead, DTZ expects prices...
The rate of increase in housing prices in Singapore slowed down in the second quarter of this year, according to property consultancy firm DTZ. It said resistance to the high asking prices and the uncertainty in the stock market sidelined buying interest in the property market. The only exception was in the mass market segment where prices of secondary condominiums and apartments went up further compared...