Private residential property prices rose from 184.2 points in the second quarter to 190.0 points in the third quarter of 2010. Releasing the flash estimate on Friday morning, the Urban Redevelopment Authority (URA) said this represents an increase of 3.1 per cent, compared with 5.3 per cent in the previous quarter. URA also released on Friday the flash estimates of the price changes in three geographical...
singapore property
The prices of HDB, mass market segments will cool somewhat and stagnate at current levels The housing policy measures introduced on Aug 30 have sidelined many buyers, including owner-occupiers who have out-grown their current apartments and are seeking newer, bigger or better located homes. A typical case: Mr and Mrs Tan have lived in their five-room HDB flat for 12 years. They have worked hard,...
The property market has a history of repeating itself. I guess that is why they call it the property cycle. There is a huge clamour for flats today, and we can't seem to build flats fast enough to satisfy demand. Yet, when I became Minister for National Development in 1999, one of my first challenges was to deal with an overhang of more than 31,000 unsold flats. Almost every year, until 2006, Members of...
Property agents said the sale of private residential homes have dipped between 10 per cent and 20 per cent in September. This comes exactly a month after the government rolled out a slew of new measures to help cool the property sector. Some observers said transaction volumes could trend lower in the coming months, as there could be a lag in the full impact from the new rules. Foreign visitors have been...
In prime district 9, located along Kim Seng Road, is Lippo Realty’s The Trillium, which has 231 units in three 29-storey towers. The freehold high-end project is located just across the street from Great World City, which is frequented by Indonesians, and is a short drive to the CBD and Orchard Road. As such, the development is popular with Indonesian buyers. During the period of Aug 31 to Sept 7, three...
The Singapore Residential Price Index (SRPI), compiled by the NUS Institute of Real Estate Studies, show that prices of non-landed private homes remained flat in August as compared to July. The latest flash estimates from National University of Singapore (NUS) covers only completed properties. The overall price index for non-landed homes for August rose 0.8% month on month, compared with a month-on-month...
Private resale homes prices are continuing to hit record highs. However the pace of increase slowed this quarter, according to a report by DTZ. This weakening rise is likely to come to a stop over the rest of the year as recent cooling measures on residential market take effect, it said. 'Sales volume is expected to be lower as sellers continue to maintain their asking prices while potential buyers hold...
The Prices of freehold landed housing outside the prime districts have hit a new high, according to property consultant DTZ. But DTZ notes that the pace of price increase for the entire residential sector is losing steam. In its report, it says price growth across all housing segments slowed in the third quarter of this year compared to the previous period. DTZ said prices of freehold landed homes...
Prices of landed freehold units outside the prime districts have hit a new high in the third quarter of this year. Property consultant DTZ said prices of homes outside the prime areas inched up 1.7 per cent quarter-on-quarter to S$952 per square foot, surpassing for the first time the high of S$943 per square foot recorded during the 1996 boom. Meanwhile, landed freehold units in the prime districts of...
A record price has been set on Sentosa Cove. This time a prime seafronting bungalow along Ocean Drive on a 7,690 sq ft plot area has been sold for $2,536 per square foot (psf) on land area. This exceeded the earlier record of $2,403 psf posted just in May this year for a bungalow on Paradise Island which has a bigger land area of about 14,983 sq ft reflecting in a much higher price of $36 million. The...