Prices of completed non-landed private homes surged 1.9 per cent last month from the previous month, accelerating sharply from October's 0.8-per-cent rise, according to the advance estimates of the Singapore Residential Price Index (SRPI) released yesterday. According to the SRPI, developed by the National University of Singapore's Institute of Real Estate Studies, homes in the Central region led gains...
singapore property
It has been a record year on the housing front, with a bumper crop of 27,000 Build-to-Order (BTO) flats launched in 2012, 2,000 more than originally planned. This brings the total number of flats launched in the past two years to more than 52,000. The increase in the number of flats has helped meet the demands of many first-time home buyers. The overall first-time application rate through the year has...
Despite six rounds of cooling measures in the last couple of years, the private property market continued its uptrend unabated in 2012. Although data for December is yet to be out, but both sales volume and prices of new private homes have already surpassed previous highs. In the past two years, the Yaps have bought four private properties, three of which were in 2011. They hold to the view that...
As we approach the end of the year, analysts' property market forecasts for 2013 and beyond are coming in thick and fast. From the reports I have read, it is quite a mixed bag - some are negative while others are mildly positive. The forecasts in themselves are not really as important as the reasons cited to back them up. The reason I say this is that given the uncertain and abnormal global environment, I...
Two 99-year leasehold residential sites released under the Government Land Sales (GLS) Programme this month are expected to receive healthy interest from developers, with seven to nine bids due to their strategic locations, said Knight Frank Singapore. Located at Commonwealth Avenue and New Upper Changi Road/Bedok South Avenue 3 (Parcel B), the sites are just next to Queenstown and Tanah Merah MRT...
The number of new private homes sold in November fell to the lowest level in 2012. Excluding executive condominiums (ECs), 1,087 units were sold in November -- 44.2 percent less than in October. It is also the second straight month of decline. October saw 25.7 percent less homes moved in at 1,948 units. Analysts attribute the decline to fewer property launches last month. Savills' research head, Alan...
Singapore will make available for sale sufficient land to build about 14,000 private homes in the first half of next year, the government said on Friday. The Ministry of National Development (MND) said this as it unveiled the Government Land Sales Programme for the first half of 2013 (1H2013). There will be 12 private residential sites, including five executive condominium (EC) sites, and one site for a...
The Ministry of National Development (MND) has announced the first half 2013 (1H2013) GLS Programme, which will provide an adequate supply of private housing to meet continued demand from home-buyers. The sites will yield about 14,000 private residential units, including 3,100 Executive Condominium (EC) units, comparable to the GLS programme in the second half of 2012. In addition, there is a potential...
With expectations that HDB and private property prices will climb in the next half year, the property Affordability Sentiment Index (ASI) of PropertyGuru's latest Property Sentiment Survey dipped further in Q3 2012. The study, which was done in collaboration with Blackbox Research, polled around 1,000 Singaporeans and found that 69 percent of respondents believe that HDB flat prices will rise in the next...
The Whitley Residences by Hoi Hup Realty sold 19 freehold cluster homes at around S$5 million each during a preview last Sunday. This translates to an average price of about S$850 psf, taking into account the 12 percent discount and absorption of the three percent buyer’s stamp duty, reported The Business Times. According to a spokeswoman for the developer, all the buyers were Singaporeans....