Resale prices of private homes in Singapore dipped 0.2 per cent in May, compared to the previous month's 1.9 per cent price increase. The fall was mainly due to price declines in non-central and small units. This is according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at the National University of Singapore on...
singapore property
The National Development Ministry (MND) said sites identified for the Government Land Sales (GLS) programme for the second half of 2013 will yield about 14,200 private residential units. This includes 3,300 Executive Condominium (EC) units. The sites can yield 268,000 square metre (sqm) gross floor area (GFA) of commercial space and 960 hotel rooms. MND said the supply from the GLS programme,...
While “shoebox” flats have generally been attractive investments given their higher rental yields compared with other properties, analysts are warning that this may soon cease to be the case. Typically defined as units with a maximum floor size of 50 sq m, they have delivered an average gross rental yield of about 4.58 per cent so far this year, well above the 3.68 per cent that non-shoebox...
Sales of new private homes, excluding executive condominiums, climbed 5.4 per cent to 1,455 units in May. This is compared to 1,380 new homes sold in April 2013, according to figures released by the Urban Redevelopment Authority (URA). The number of new private homes sold in the city fringes jumped by about 27 per cent from 473 units in April to 602 units in May. This was mostly due to new project...
The Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing three residential sites and two commercial-and-residential sites for sale in June 2013 under the Government Land Sales Programme for the first half of 2013. Together, these five sites can yield about 3,600 residential units. Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched...
The government is expected to announce its land sales programme for the second half of 2013 soon. Analysts expect the state to continue to put out an adequate supply of sites to meet housing demand. But some market watchers suggest that perhaps fewer sites can be offered under the Confirmed List to keep supply in check. In the first half of 2013, the government has set aside 12 residential sites...
The level of speculative activities in the private residential market in Singapore has dropped substantially in the past few years. Sub-sales of private residential properties hit a six-year low of 4.5 per cent in the first quarter of 2013, according to data from the Urban Redevelopment Authority. Analysts said sub-sales - which refer to the resale of uncompleted units - should continue to trend down...
Prices of resale private homes softened in May as the government's cooling measures continued to dampen the market. Non-landed private residential units showed an overall price drop of 0.5 per cent in May compared to April, according to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX). Prices of resale non-landed private homes in the city area dropped 0.5 per...
The resale private home market is set for a rebound after a drop in transaction volume in the first quarter following the introduction of more cooling measures in January, with sales potentially doubling in the second quarter from the previous three months, according to property analysts. SLP International Property Consultants estimates between 3,600 and 4,300 units of both completed and uncompleted...
One of the new private condominiums put up for sale during the weekend sold like hotcakes. City Developments put up 280 units of Jewel at Buangkok for sale at a preview launch on June 1. Some 73 per cent of these units were sold. About 16 per cent of buyers were foreigners or PRs from Malaysia, China, Indonesia, Taiwan, Hong Kong, Australia, USA and Japan. Early bird discounts meant the units cost...