The news headlines this week about developer's home sales for last month were almost comical, doing little justice to the actual reports that followed. Unfortunately, people remember the headlines and not so much the details. Data released by the Urban Redevelopment Authority (URA) on Tuesday showed a total of 1,189 new private homes sold last month. That is a 10.7 per cent drop from December and a...
singapore property
Demand for landed properties is likely to be robust this year, according to market watchers. They said landed property buyers are typically unaffected by the government measures to curb speculation. That is because they are less likely to speculate on their houses as they are usually long-term owner occupiers. Analysts said going forward, limited supply of landed properties, low interest rates and...
Sales of private residential property in Singapore fell to a three-month low in January after the government announced stringent measures to curb speculative activity, including a 16 per cent seller's stamp duty for sales in the first year. Data released on Tuesday by the Urban Redevelopment Authority (URA) showed that 1,189 private homes were sold last month. This is an 11 per cent month-on-month drop...
Buyers with Housing Development Board (HDB) addresses lodged 1,016 caveats for private apartments below 500 sq ft in 2010, approximately 17 times the 59 units acquired by HDB dwellers in 2006, according to an analysis of Urban Redevelopment Authority (URA) Realis caveats data. These small units comprised 9.1 percent of the total number of non-landed private homes acquired by buyers with HDB addresses in...
National Development Minister Mah Bow Tan has said the government will continue to monitor the property market closely and take further steps, if necessary, to promote a stable and sustainable property market. Replying to a question in Parliament on Monday, he explained that despite the large supply in the pipeline, market sentiments had remained bullish, with signs of renewed exuberance in the market at...
The launch of a residential project in Sembawang over the weekend has been met with strong response, confirming expectations that the property market will weather the recent round of government cooling measures. Analysts said more launches are likely over the next two months to make up for the lull during the Chinese New Year period and homebuyers will be spoilt for choice. They added that developers...
We need to keep an eye on the potentially strong supply of private homes that will come onstream till 2015. In particular, we need to be wary about the supply this and next year, because the global economic recovery remains elusive. Based on the Urban Redevelopment Authority's (URA) release on Jan 28 of Q4 2010 data for private residential properties, the estimated number of residential units that will...
The Real Estate Developers' Association of Singapore (REDAS) said the latest property cooling measures introduced last month have stabilised the property market. Market watchers share the same view, but pointed out that it is the volume of transactions in the suburban market that has tapered off. They added that for the high-end property market, the number of transactions may have been lower from last...
Evergreen estates in District 15 such as Marine Parade, Siglap and Katong remained on the top lists for home buyers in 2010, though some new areas gained popularity as well. About 4,053 non-landed property transactions were recorded in District 15, nearly 12 percent of the total 34,767 caveats recorded, strengthening its position as the most preferred district for Singapore home buyers. This was followed...
Homeowners who have kept their units at Queens since their launch in 2000 have seen prices appreciate over the years. Recently, some took the opportunity to cash out as prices climbed above $1,100 psf, booking gains of more than 50%. Last year, prices hit a high of $1,284 psf when a 914 sq ft unit on the 38th floor was sold for $1.175 million in November. This is close to the peak of $1,328 psf when a...