Private home prices rose 1.7 per cent overall in 2009, despite the recession, according to preliminary estimates by the Urban Redevelopment Authority. Prices of new homes in suburban areas outperformed the rest, rising at 11.2 per cent for the full year. However, market watchers said the demand and supply of these mass market homes are likely to ease this year. Their prices will also rise at a slower...
singapore property prices
Singapore's private home prices rose 7.3 per cent in the fourth quarter of 2009, compared to the previous three months. This is according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday. The pace has slowed from the near 16 per cent increase in the third quarter and the main rise was in the city fringe area where prices rose 9.5 per cent. This was followed by a 7.1 per...
Regency Park may be 19 years old, but the 292-unit condominium has recently been on the radar of property investors. On Nov 20, three caveats were lodged for its units, with average prices ranging from $1,584 to $1,727 psf. Alexz Wan, an associate with Propmax Real Estate and a property marketing agent who specialises in the project, says investors are betting that new launches in the neighbourhood will...
It has been a roller coaster ride for the Singapore property market this year, dipping in the first quarter before registering a sharp rebound. Market watchers have said housing prices will continue to rise next year, spurred by a recovering economy and the opening of the integrated resorts (IRs). The robust turnaround in the property sector was something no one would have predicted. Singapore entered...
Since June this year, transaction prices of apartments at the 910-unit City Square Residences in the secondary market have increasingly crossed $1,000 psf, hitting a high of $1,271 psf in August, when a 570 sq ft studio apartment on the 26th floor of one of the two 30-storey towers was sold for $725,000. Since October, however, more units have been changing hands in the resale market at prices above the...
Prices of resale landed homes in the prime districts of 9, 10 and 11 in the fourth quarter have reached levels that surpassed the previous peak in the first quarter of 2008. According to a DTZ Research report, the average price of freehold landed resale homes in the prime districts increased 4.6 per cent in the fourth quarter to reach a new high of S$1,447 per square foot (psf). This is about 12 per cent...
The value of non-residential properties here has more than tripled this year. Property consultancy Jones Lang LaSalle's auction house said on Thursday that the quantum of non-residential properties has jumped from last year's S$26.9 million to S$101.18 million to date. It said the rise is due to investors being attracted to the higher rental yield from non-residential property, compared with an...
Interest in waterfront homes at Sentosa Cove seems to have returned in recent months, as the opening of Resorts World at Sentosa looms. Since the beginning of November, a total of six properties — three luxury condominiums and three landed homes — have changed hands in the resale market at $1,406 to $2,423 psf. In the week of Nov 6 to 13, one of the 29 villas on Ho Bee Group’s Paradise Island — a...
The completion of the upcoming Marina Bay Sands integrated resort next year and the VIP private preview of the 221-unit Marina Bay Suites have put the spotlight back on The Sail @ Marina Bay. Sales activity at the 1,111 unit The Sail has picked up pace in recent weeks. Nine transactions were done in the first week of November alone — versus 10 deals achieved for all of October. Prices achieved in the...
Industry players say the upcoming new measures to improve standards of the real estate sector here will not affect the property prices. The government has just finished gathering suggestions for a new regulatory framework for the industry. It will likely be introduced by the second half of next year. Industry practitioners said the government will likely introduce a central registry to list all...