The private property market in Singapore picked up momentum in September, with sales of new residences exceeding 1,000 units for the first time since June, figures released by the Urban Redevelopment Authority revealed today (Oct 16). According to the figures, 1,246 new private homes were sold last month, a big increase from the 756 sold in August and the 482 in July. It was also the highest number...
singapore property
With a slowing property market in Singapore, sectors linked to property sales are starting to feel the impact on their businesses. It is not all gloomy for these property-downstream companies. Some firms are still finding good opportunities in the private residential property market. A slew of cooling measures and loan curbs have slowed down property sales transactions in the third quarter this...
Resale prices of private homes slipped 1.6 per cent in September from August as recent loan curbs took its toll on the market. This follows a 0.5 per cent increase in the previous month. According to data compiled by the Singapore Real Estate Exchange (SRX), the overall price decline last month was led by a 3.5 per cent drop in resale prices of private homes in the city fringes. Mass market resale...
Residential property prices in the wealthy island nation of Singapore could be headed for a sizable correction of up to 20 percent by 2015, according to Barclays. "We believe the risk of a residential property market correction in the next two years is rising, as expected higher interest rates look set to coincide with a large increase in housing supply over 2014-15," Tricia Song, analyst at Barclays...
Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Resale prices of private homes in the central area saw the biggest...
Property prices in Singapore are expected to hold up firmly in the third quarter this year, despite sales transactions likely to come in lower in the same quarter - by almost half from the second quarter. This is the expectations of analysts ahead of the release of third-quarter property sector flash estimates by the Urban Redevelopment Authority (URA). Save for a few launches like Tembusu in...
New property launches in choice locations such as Bishan and Thomson have been attracting interest from home buyers, despite recent curbs on housing loans. Some analysts said this is because property prices have since softened and are now more competitive. Potential home buyers have been checking out CapitaLand's latest project in Bishan - Sky Vue - since its showflat was open for previews last...
Judging by the regularity with which property analysts have blamed the Total Debt Servicing Ratio (TDSR) framework for the recent less-than-bullish property sales, it appears that we finally have a cooling measure that actually works — notwithstanding the fact that it was never framed as one in the first place. Do we? Although the developers’ sales volume for August of 742 units was 54 per cent...
Two hundred and fifty two residential property transactions by foreigners have been exempted from additional buyer's stamp duty (ABSD) since it was first introduced as a property cooling measure on 8 December 2011. These foreign buyers are from the US, Iceland, Liechtenstein, Norway and Switzerland which are countries having free trade agreements with Singapore. In a written response to a...
Demand for new private homes in Singapore surged nearly 54 per cent on-month in August, after the sharp decline seen in July. According to latest figures from the Urban Redevelopment Authority (URA), 742 new private homes were sold last month, compared to the 482 units transacted in July. The best-selling project in August was The Tembusu at Tampines Road with 218 units sold. Including executive...