Developers sold just 1,078 private homes in May - about half the 2,208 units they transacted in April. This could mark the start of a period of slower sales as developers weigh their options and buyers bide their time. The two parties could have a standoff for a little while, predicts DTZ executive director (consulting) Ong Choon Fah. 'There's no great push factor to launch projects in June when you weigh...
singapore property
A man went to the races and won big, taking home $50,000 in winnings. The following week, he won $25,000. Did he win big? Of course he did! When developers' sales for May hit 1,078 units - about half of April's near-record 2,208 units, the market was adjudged to have cooled significantly. Has it? Even if market sentiment had not been hit by the European debt crisis, April's near-record-breaking figure of...
Set within the vicinity of the Seletar Aerospace Park and near the Ang Mo Kio business cluster, The Greenwich consists of intimate five-storey residential blocks while its neighbour Greenwich V comprises a two-storey retail podium. The Greenwich is an elegant condominium with 319 luxury units comprising one- to three-bedroom apartments housed in five-storey towers. Carefully crafted with higher than...
Sales in May less than half that in April The feverish property market lost some of its sizzle last month, as Europe's debt crisis and the resulting retreat in global stock prices sent prospective home buyers scurrying to the sidelines, but analysts said underlying sentiment would likely remain firm, supported by Singapore's strong economic fundamentals and steady demand. Data released yesterday by the...
Singapore's property market cooled significantly in May with just 1,078 units of new private homes sold. This is about 50 per cent lower than the number of homes sold in April. Data released Tuesday by the Urban Redevelopment Authority, URA, showed a decline in transactions across all segments. Homes located in the city fringe were most popular during the month with 451 transactions. However, this...
A Symbol of Unmistakable Prestige Nestled in the prestigious District 10 enclave. Stevens Suites is an exquisite sanctuary designed with only the truly privileged in mind. Located amidst the tranquil good class bungalow neighbourhood of tree-lined avenues and lush surroundings, this luxurious boutique development with an exclusive 32 freehold units in a resort-style setting, bears the hallmarks of...
Landed homes in Opera Estate have increasingly breached the $1,000 psf level this year. Of the 16 transactions worth more than $1,000 psf from May 1997 to May 2010, half were carried out this year, according to caveats lodged with URA Realis. The peak of $1,301 psf was hit when a terraced house at Taman Siglap Road was sold for $2.1 million in February. Opera Estate is located near the Bedok MRT station...
Early this week, a developer gave itself a pat on the back for delivering good returns on its maiden residential project. Considering that almost every established developer made record profits in their recent history, was it such an achievement? If ever there was a period which could be described as a golden era for developers, the years from 2007 to the present day - with the exception of 2008 - must be...
Analysts expect drop in transactions The local property market is in for a correction in the coming months, said industry players, citing tell-tale signs like a plateau in home prices and a drop in transaction volumes. The Singapore Institute of Surveyors and Valuers (SISV) said there were only 899 caveats lodged for condominiums in the first three weeks of last month. There were 3,060 for the whole of...
Industry players have said Singapore's property market is in for a correction in coming months. Tell-tale signs include a plateau in home prices and a drop in transaction volumes. The Singapore Institute of Surveyors and Valuers said there were 899 caveats lodged for condominiums in the first three weeks of May. This compares with 3,060 for the whole of April. New condominium projects are still doing...