A freehold boutique development in a popular downtown location marking the start of the new Waterfront City masterplan, Onze comprises 56 apartments and 13 ground level commercial units within a 14 storey complex, complete with sky terrace and rooftop swimming pool. Architecturally, the sleekly simple and yet fluidly dynamic lines of the box-based building features are an artistic statement set against the...
Sentiment within the real estate market has been hit hard by various cooling measures implemented by the government, with industry players anticipating an unfavourable business climate for the rest of the year. A net weighted balance of 41 per cent of property firms surveyed by the Department of Statistics expect business to slow down in the second half of the year, due to the recent implementation of...
Demand for private homes in Singapore has been robust since 2009, pushing home prices to record high. To curb price increase, the government has implemented seven rounds of property market cooling measures since September 2009. Real estate consultancy Savills said home prices would have gone up by an additional 9.2 per cent in 2012 over 2009 if not for these measures. Speaking at an industry...
Resale prices of private homes slipped 0.4 per cent in June from May, the second straight month of declines. In May, resale home prices edged 0.2 per cent lower from a month earlier. The price dip in June was largely due to price falls in the central region and small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the National University of...
Prices of private residential properties increased by 1.0 per cent in the second quarter of 2013. The increase in Q2 prices was higher than the flash estimate of a 0.8-per cent rise. In the first quarter, the price growth was 0.6 per cent. This is according to the latest figures released by the Urban Redevelopment Authority (URA). Prices of non-landed properties in the core central region dipped...
Demand for new private homes in Singapore rose in June, according to latest data from the Urban Redevelopment Authority (URA). 1,806 new units were sold during the month, up 24 per cent from May, when 1,455 units were sold. Including executive condominiums (ECs), 2,119 new homes were transacted in June, compared to 1,912 units sold in the previous month. The strong sales was driven primarily by...
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Sunday said that the latest home loan rules are not another round of property cooling measures, and that the market is showing signs of stabilising. Mr Tharman said the new Total Debt Servicing Ratio Framework is a long-term rule to get banks to start practising prudence when it comes to total debt. Under the new framework, banks...
Analysts said the sales activity in the landed property market has slowed in recent years as a result of the government's many cooling measures. Property agency HSR Property Consultants said the total number of transactions in the first half of this year was 737, a fall of nearly 49 per cent on-year as of June 14. However, the proportion of buyers with HDB addresses has stayed fairly stable at around...
Many new private condominium projects are due to be completed this year, and some analysts expect more investors who have bought these units to start selling them, as private home prices are at an all-time high. Property consultancy Colliers International adds that it is probably a good idea to do so sooner rather than later. Home prices have been climbing in recent years. For example, those who...
Private residential property prices rose 0.8 per cent on-quarter in the second quarter of 2013. This is according to the flash estimate of the price index for private residential property for the second quarter of 2013 released by the Urban Redevelopment Authority (URA). The private residential property index rose 1.7 points from 213.2 points in 1st quarter 2013 to 214.9 points in 2nd quarter...
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