Credo Real Estate’s historical data revealed that the odds against Singapore property prices seem to have been fixed. Following a pattern of several quarters of price moderation, negative residential price corrections were last reflected in 1983, 2000 and 2008. Notably, this pattern became apparent in 2011’s final quarter. The residential property index slid from 1.3 percent in Q3 to a scant 0.2...
singapore property
Although the additional buyer's stamp duty (ABSD) was placed on foreign buyers recently, expatriates still continue to search for good property deals, according to consultants. “International buyers are still looking to buy,” said Jacqueline Wong, Head of Residential and National Director at Jones Lang LaSalle (JLL). Wong noted that although foreign purchases dropped in the second quarter, many have...
An increasing number of home buyers are now turning to non-HDB homes, with ECs becoming their top choice, according to R'ST Research. Purchases for non-HDB homes such as landed, non-landed private and EC units hit a record of 13,910 units in 2011, up from 13,769 units in 2010. ECs now account for 42 percent of the sales transactions across the non-HDB housing segment, according to URA Realis data. ECs...
Mass market residential units have continued to receive overwhelming response, with The Tampines Trilliant executive condominium (EC) and Parc Rosewood condo boasting brisk sales. At Sim Lian’s The Tampines Trilliant showflat (pictured), 149 units have been sold since bookings opened last Saturday, with 32 of the 48 double-storey penthouses snapped up as of 4pm yesterday. 24 of the 32 penthouses were...
The 124-unit luxury condominium Marina Collection by developer Lippo Group was completed just last year, and is located next door to ONE°15 Marina Club. The project has seen a spate of buying interest despite the imposition of the additional buyer’s stamp duty (ABSD) on Dec 8. Based on the latest caveats lodged and downloaded from URA Realis as at Jan 18, there were three transactions at the project,...
Fourth-quarter data released last Friday by the Urban Redevelopment Authority (URA) point to a massive, unprecedented wave of upcoming supply in the residential, commercial and industrial segments, sounding a clear warning to investors who may have entered the market recently at high prices. RESIDENTIAL OVERHANG Four quarters ago, the expected private home completions for last year and this year were...
Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the...
Fewer non-PR foreigners picked up private homes in January, as opposed to December when it had spiked, according to preliminary figures. A DTZ Research caveat analysis revealed that foreign buyers’ share grew from 16 percent in November to 23 percent in December. However, January’s figures fell to merely three percent. The caveat pool for January though is much smaller with only 131 so far, but more...
Small apartments in Singapore saw prices grow more than twice as fast as those of larger apartments in the Central Region last year. Prices of larger apartments outside of the Central Region also showed the same trend which, although similar to 2010 figures, was more noticeable last year. The sub-index for small apartments on the island (which covers those of up to 506 sq ft) climbed 11.8 percent in 2011,...
Prices of residential property in Singapore fell by 0.8 per cent on-month in December, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). This compares with a 1.4 per cent increase in November. The index covering small units of 506 square feet and below registered a 3.4 per cent increase. The NUS SRPI Small Index was down 0.8...