New, monthly price index will also help in development of property derivatives Singapore now has a second price index to provide information on the state of the private housing market here. The new Singapore Residential Price Index, or SRPI, aims to provide a resource for the development of property derivatives. It tracks month-on-month price movements in the private non-landed residential property...
singapore property prices
Developers shift focus to affordability, say NG WEI EN and CHUA CHOR HOON LAST year saw the second highest volume of private residential transactions in history, with the 30,830 caveats lodged falling short only of the 37,304 recorded in the 2007 boom. A combination of factors helped to boost demand for residential property. These were pent-up demand from those who had missed out on the previous boom,...
A NEW index that tracks the price of private non-landed homes month by month has been created to help owners, investors and other property watchers keep a handle on the fast-moving market. The Singapore Residential Price Index (SRPI), as it is called, has been formulated by the National University of Singapore (NUS) after two years of research. It functions much like the Straits Times Index for shares...
There is a new price index to provide information on the state of the residential market in Singapore. The index was developed by the National University of Singapore's Institute of Real Estate Studies and is the first such index by an academic institution here. The Singapore Residential Price Index, or SRPI, which tracks month-on-month price movements, will provide a resource for the development of...
Hong Kong and Singapore jumped from the bottom five to the top five of an annual list measuring the rise in luxury home prices. This was according to the latest figures from property consultants Knight Frank International for 2009. The firm said that this reflects the attraction of prime residential property, where demand tends to improve as prices dip. Overall, luxury home prices in the Asia Pacific...
A 99-year leasehold condominium The Vision, in the quiet suburbs of West Coast Crescent, was launched recently at an eye-popping price of around $1,000 to $1,200 per sq ft (psf). Nevertheless, at least 160 buyers put down money for the mass market homes that come with branded goods and quality finishes, said the developer Cheung Kong (Holdings). That set the benchmark price for the area. And this will...
Once seen as a poor cousin to the prime East Coast area, the West Coast is gaining in popularity, with transformation of the entire western region underway. There are one-north, with Biopolis, its biomedical research cluster, and Fusionopolis, its infocomm and media cluster; wellknown tertiary institutions like the National University of Singapore (NUS) and INSEAD; parkland and green lungs like West Coast...
High-end properties are revisiting the $3,000 psf price range. In the Marina Bay area, the 1,111-unit The Sail @ Marina Bay steals the spotlight once again with six transactions in the week of Jan 26 to Feb 5; four above $2,000 psf while two crossed the $3,000 psf level. While Sentosa Cove and Keppel Bay are abuzz over the opening of Resorts World at Sentosa, excitement is also mounting at Marina Bay as...
Recent measures to cool the property market in China, Hong Kong and Singapore are seen as the right moves to temper speculation and rapidly rising prices. Still, industry watchers said that prices will have room to move upwards over the next two years. This is because interest rates in Hong Kong continue to be low, and high-end property prices in Singapore are still below their peak. Private home prices...
Recently, apartments at the 189-unit The Trumps have increasingly crossed the $800 psf level, even surpassing the 2007 peak of $896 psf. Last August, a high of $975 psf was achieved when a 1,270 sq ft unit on the 16th floor sold for $1.24 million. Located a street away from the Kembangan MRT station, the five-year-old condominium is attractive to families with young children as it is a short drive to good...