The Real Estate Developers' Association of Singapore (REDAS) has said the latest measures taken by the government to further cool the residential property market will discourage speculative demand. It said in a statement that the measures which impact Seller's Stamp Duty (SSD) and Loan-To-Value limits on housing loans will also encourage longer term holding of properties, which will contribute to the...
singapore property
The outlook of developers for the real estate sector became rosier in the fourth quarter of 2010, with a large percentage of them expecting higher prices for new residential launches. Preliminary findings from the Real Estate Sentiment Index (RESI) showed an improved sentiment from Q3, when the industry was still dealing with the effects of the property cooling measures announced by the government on...
Luxury homes in the area now rarely sell for less than $1,000 psf The luxury end of the housing market remains hot as a bungalow in the prime district at Leedon Park fetched a record $61.4 million in December last year, or $1,467 per sq ft for the 41,853 sq ft site. The site is believed to have been the same one that in June of last year was bought for $59.4 million, suggesting the buyer may not have...
Based on URA and HDB projections, there could be a deluge of homes in 2013 and 2014 It was a week before last Christmas when we celebrated the Housing and Development Board's (HDB) completion of 1 million flats. This is an awesome achievement. With 1 million flats averaging about 1,000 sq ft each, the HDB has within 50 years completed and handed over a billion sq ft of residential space. A billion sq ft....
Experts say mass-market condos will lead housing demand this year With private home prices at record highs, industry players expect developments catering to the mass market to lead demand this year. Property is seen as a safe and appreciating asset, they say, adding that Singapore's growing economy and low borrowing rates have injected ample liquidity into the market. But even as property is viewed as a...
With private home prices at record highs, industry players expect developments catering to the mass market to lead demand this year. They said Singapore property is viewed as good investment, but affordability will be key amid rising prices. Singapore's growing economy and low borrowing rates have injected ample liquidity into the market. Industry players said Singaporeans are looking to invest in...
Spottiswoode 18 is a luxury freehold condo located within the Tanjong Pagar precinct, which will gradually be transformed into a bustling seafront and entertainment hub. Two themed sky terraces on the 14th and 24th floor offer you a world of endless possibilities. From practising yoga to pampering your body and soul. Admiring the city skyline to an evening stroll in the company of lush greenery. Catching...
A jump of interest in high-end luxury homes pushed prices in the segment, which has underperformed the rest of the market over the last two years, to a fresh all-time high in Q4 2010. In the rest of the market, prices of private homes as well as HDB resale flats grew more slowly in the fourth quarter compared to the first three quarters of last year. Flash estimates released by the Urban Redevelopment...
Residential property prices in Singapore continued to rise in the fourth quarter, capping off a full year of strong growth for 2010. Based on initial flash estimates, prices of HDB resale flats for the full year rose almost 14 percent while private home prices increased by 17.6 percent. But signs are emerging that the market is stabilising, as the rate of growth slowed in the fourth quarter. According...
Prices of private residential properties hit a new high in the fourth quarter of 2010. This is according to the latest flash estimates from the Urban Redevelopment Authority (URA). The price index for private residential property rose 2.7 per cent to 194.8 points. This compares with 2.9 per cent in the previous quarter. For the full year, the price index increased by 17.6 per cent in 2010. For the...