Some analysts expect rentals of private homes in Singapore to fall for the second straight quarter ending in March this year, as a higher supply of new projects is expected to come on stream. Chesterton Singapore estimates that overall rentals could fall by 0.5 to 1 per cent in the first quarter. This comes after rentals slipped 0.5 per cent in the last quarter of 2013, the first decline in four...
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Analysts said developers could start looking at building more smaller units because buyers have become more price-sensitive, pushing up demand for smaller homes. Caveats lodged with the Urban Redevelopment Authority showed that the number of new units under 800 square feet accounted for about 48 per cent of total sales in 2013. Over a month into its launch, some 40 per cent of units at UOL's 555-unit...
Sales of new private homes may remain in the doldrums, but bargain hunters hoping that developers will slash prices to breathe life into the market are likely to be disappointed, analysts told TODAY. Despite the slow market, several recent launches have sold well, showing that underlying demand can be realised into sales with the right marketing and pricing strategy. So, as long as holding costs remain...
New private-home sales stirred in February after two months of near slumber, but analysts said activity remained muted as developers and prospective buyers continued to hold back in the current cautious environment. Developers sold 724 non-landed private homes last month, a 28 per cent rise from 565 in January, after they launched 671 units or 22 per cent more than January’s 549 units, figures...
The resale market continued its downward trend as sales of previously-owned private homes last month slumped to their lowest level in more than five years, a further indication of the impact the cooling measures have had in dampening demand. Flash estimates by the Singapore Real Estate Exchange (SRX) yesterday put the overall resale volume of non-landed private homes at 242 units last month, down 18.5...
The number of resale non-landed private homes transacted in February was the lowest in more than five years. This is according to latest numbers from the Singapore Real Estate Exchange (SRX). The data also showed that resale prices fell by 2 per cent from January. Property consultants said that they expect the resale market for private homes to remain fairly muted amid current cooling...
Real estate agents are increasingly turning from the once-lucrative resale market to rentals, as they hunt for a living to preserve their careers and clients during what is expected to be another challenging year for the industry. The shift comes as the rental market holds its own in the housing sector, which has been hit by slowing demand following several rounds of cooling measures and lending curbs,...
It's now easier for tenants to negotiate rentals for private residential homes as some landlords have become increasingly concerned about the impact of looming supply of rental units, according to some property agents. SLP International Property Consultants said average rentals have fallen by 1 per cent in recent months, as they foresee more downside this year. A total of 19,907 private residential...
The Republic’s property market is in for another challenging year with cooling measures set to stay in place and with the introduction of new measures in the construction sector, City Developments Limited’s Executive Chairman Kwek Leng Beng said yesterday after the company reported an 11 per cent fall in fourth-quarter net profit. The head of Singapore’s second-largest listed developer maintained...
The number of HDB flat dwellers buying condominiums or private apartments last year fell 1.1 percentage point. According to the Singapore Real Estate Exchange (SRX), the total number of non-landed private home transactions in 2013 was 20,203 units. Of these, 9,192 units were bought by those who owned or lived in HDB flats. This accounted for 45.5 per cent of the total purchases, down from 46.6 per...