Prices of Singapore's private homes market defied recent property cooling measures and continued their upward climb in the first quarter of this year, even though the rate of growth has moderated slightly. Statistics released by the Urban Redevelopment Authority (URA) on Friday show private residential properties prices rising to 175 points for the first quarter of this year, around 5.6 per cent higher...
singapore property
Private home prices continue to rise first quarter this year but at a slower pace. Final data released by the Urban Redevelopment Authority (URA) showed that prices were up 5.6 per cent slightly higher than the initial estimate of 5.1 per cent. But the rate of price growth has moderated from the 7.4 per cent increase recorded in the fourth quarter last year. URA said private home prices rose across all...
PROPERTY owners big and small are on track to reap big benefits, thanks to the opening of 11 new stations on the Circle Line, according to a report. Industrial landlords such as Ascendas Reit (A-Reit), Mapletree Logistics Trust (MapletreeLog) and Suntec Reit own large properties around these stations and will see gains from the new transport route, said Credit Suisse. Its report also showed that property...
Tree House, The Holland Collection being launched this weekend Developers plan to launch more residential projects this weekend - even though home sales slowed in April after a strong showing in March. 1,761 new private homes were sold in March - a 47 per cent month-on-month increase. But sales have come off this month, market watchers say - though there have been exceptions. UOL Group said that it sold...
HOUSING markets everywhere are fraught with market failures and there is no housing market in the world devoid of government intervention. I am stating the obvious, of course, but it bears repetition, especially in the light of the growing frenzy in the residential property market in Singapore. There are two schools of thought, diametrically opposed, on what should be done. Would-be home buyers,...
Since the start of the year, units at Kovan Melody have increasingly crossed the $800 psf level, which is especially good news to sellers who purchased their units for less than $500 psf when the project was first launched in 2004. According to a March 10 caveat lodged with the URA, an 893 sq ft unit on the 15th floor was sold for $800,000, or $895 psf, surpassing the peak in 2007. The 778-unit Kovan...
PRICES of resale executive condominiums (ECs) have risen much faster than those of private mass market homes in recent years, and have hit yet another high, a recent study has found. From the first quarter of 2007 to the first quarter of this year, the prices of resale ECs shot up 70 per cent, compared with the 39.6 per cent rise in mass market private home prices, the study from Savills Singapore...
Government measures to cool the property market have not doused the enthusiasm of buyers. Developers sold 1,761 private homes in March - 47 per cent more than the 1,202 in February. This was disclosed in fresh figures from the Urban Redevelopment Authority (URA) yesterday. For the first quarter, sales hit 4,446 units - more than double the figure in Q4 2009 and up 67 per cent from Q1 2009. Still,...
SALES of new private homes leapt again last month, with more strong buying expected in the months ahead after the latest hot economic growth figures. Home hunters picked up 1,761 units last month, up from 1,202 in February, bringing first-quarter sales to a higher-than-expected 4,446 units. The quarterly total was way above the 1,860 units sold in the fourth quarter of last year, as demand for core city...
Property buyers are in a sweet spot, following the tightening of the Singapore dollar which attracts capital inflows causing interest rates to fall. The key three-month Sibor (Singapore interbank offered rate) fell to 0.64583 per cent yesterday from 0.65625 per cent on Wednesday after the Monetary Authority of Singapore (MAS) appreciated the local unit to stem inflationary pressures. The government has...