City Developments Limited's (CDL's) executive chairman and industry veteran Kwek Leng Beng has suggested that it may be the right time for the government to tweak the property cooling measures, amid concerns over the global economy. Mr Kwek gave his views during a speech when he was presented with a Lifetime Achievement Award at an event organised by the Real Estate Developers' Association of Singapore...
singapore property
Some market watchers said demand for homes in the core central region could pick up as early as the second half of this year, as prices continue to moderate. Property consultancy Savills added that some unsold units in the city were even transacted at below valuation. According to recent marketing materials, Hijauan on Cavenagh is offering units at prices from as low as S$1,701 per square...
Prices of resale non-landed private homes declined 0.7 per cent in December after falling by 0.5 per cent in November, according to the flash estimate of the NUS Singapore Residential Price Index (SRPI). The drop was led by resale homes outside the central area where prices dipped 0.9 per cent last month, after a 0.1 percent decline in November. Resale prices for private homes in the central area...
Private home prices fell in the last three months of last year in the first drop since the beginning of 2012, figures released by the Urban Redevelopment Authority (URA) today (Jan 24) showed. Prices of private residential properties dipped by 0.9 per cent in the fourth quarter of last year, greater than the 0.8 per cent drip that the URA forecast earlier this month. The last time overall prices fell...
Singapore's fourth quarter private home prices fell 0.9 per cent -- the first time in almost two years as the government's mortgage curbs took effect. The dip in prices was slightly more than the 0.8 per cent drop based on preliminary data announced on January 2. According to final data from the Urban Redevelopment Authority (URA), prices of private homes for the full year rose 1.1 per cent, lower...
Rental yield for non-landed private homes fell below four per cent in 2013, according to figures from the Singapore Real Estate Exchange (SRX). The median gross rental yield for non-landed private residential properties dropped from 4.2 per cent in 2012 to 3.9 per cent last year. SRX said 4 per cent represents a psychological barrier when it comes to rental yields for investors seeking income from...
Sales of new private homes plunged nearly 80 per cent in December compared to a month ago, as developers held off new property launches. According to data from the Urban Redevelopment Authority (URA), just 259 units of new private homes were sold in December, down from 1,228 units transacted in November. Among the units sold, 125 are located in the suburban areas, 90 units in the city fringe, and 44...
Rents for non-landed private housing in Singapore continued to slide last month to their lowest level in two years, and landlords may find it increasingly difficult to secure tenants, with more supply entering the market in the coming months, analysts said. Rents for condominiums fell 1.3 per cent last month, the fifth straight monthly decline, to their lowest level since December 2011, a preliminary...
rices of resale private homes fell for a fourth month in December as prices weakened by a further 0.2 per cent, according to the latest data from the Singapore Real Estate Exchange (SRX) which compiles data from property agencies in Singapore. The city area saw the steepest decline at 2.3 per cent, followed by the suburban region, which dipped 1.0 per cent. Resale prices of private homes in the city...
The weakening Housing and Development Board (HDB) resale market is expected to weigh on the private property market, as upgraders will have less money at their disposal when looking for a new home. “There will be an impact on the private housing market because upgraders are typically former HDB flat owners. So, with the HDB resale market slowing down, we may see a smaller number of upgraders moving on...