Sales of new private homes are poised for an increase in August from a month earlier. Analysts expect around 600 to 700 new private homes to be sold in August. In July, 481 new private homes were sold, down 73 per cent from a month ago. August has traditionally been a slow month for new home sales as it coincides with the Hungry Ghost Festival. The few launches in August, like Tembusu in the...
singapore property
Real Estate Developers' Association of Singapore (REDAS) says long-term plans revealed by the government recently have opened up "tremendous economic and business opportunities." REDAS president Chia Boon Kuah, speaking at their Mid-Autumn Festival luncheon on Wednesday, noted that Tanjong Pagar and Paya Lebar will be the biggest blank slates for REDAS members to work on since Marina Bay. The...
The usual spike in private property sales associated with the end of the Hungry Ghost Month may be more muted this year as the market is still coming to terms with the impact of the recent introduction of new loan restrictions. There was a flurry of activity over the weekend, with a number of condominium launches and previews, but analysts said this might not translate into the sudden, big increase in...
The collective sales or en bloc sales market for private residential properties saw a slowdown of 13 per cent in the second quarter (Q2) compared to the first three months of the year. The collective sales market in Q2 remained lukewarm as only four small sites were sold for a total of S$215.4 million. This is compared to the three deals worth S$247.8 million done in the first quarter. Analysts said...
Several new properties have been launched or opened for preview this weekend but some property developers said sales have been affected by recent loan restrictions. Skywoods condominium at Dairy Farm Road is one of the new properties that has been launched this weekend. It is going at an average of S$1,250 per square foot. Out of 420 units, 150 units are on offer at this phase. At its pre-launch...
Resale prices of private homes have surged to record highs in August. This is despite a slew of property cooling measures introduced by the government, including recent curbs on housing loans. Still, analysts are mixed on their outlook on where private property prices are heading. Prices of private non-landed residential resale units climbed 1.5 per cent last month, according to data compiled by...
Details of new Housing and Development Board (HDB) schemes to help lower- and lower-middle-income Singaporean families own their homes were unveiled on Aug 27, following the broad measures announced at the National Day Rally. The schemes include additional grants for first-time buyers for up to four-room flats and a step-up grant for those upgrading from two-room to three-room flats. It is heartening to...
The Government first introduced a Seller’s Stamp Duty (SSD) in February 2010 on all residential properties to cool the housing market that was rebounding on the back of the economic recovery from the global financial crisis in 2009. The SSD was subsequently revised twice — in August 2010 and January 2011 — to serve as additional deterrence against short-term speculation. Sellers are slapped with a...
Buyers are being drawn to more affordable and smaller units following the government’s latest property cooling measures and stricter loan rules, according to a report from DTZ. During the second quarter, 2,571 buyers (38 percent) opted to buy homes below S$1 million, higher than the 1,835 buyers (31 percent) in the previous quarter. Purchases between S$1 million to S$1.5 million also increased to 33...
Resale prices of private homes climbed 0.2 per cent in July from June, reversing two straight months of declines. In June, resale home prices declined 0.1 per cent from a month earlier. The price growth in July was due to higher prices of transactions recorded in the non-central region and for small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by...