Property consultancy DTZ said strong buying momentum of private homes in Singapore has carried on into the second quarter this year. In its latest Singapore Property Market Report, DTZ estimated that sales in the primary market came up to between 6,700 and 6,900 units from January to June, surpassing the 4,264 units sold for the whole of last year. As such, the firm is forecasting that this year's sales...
singapore property
Location: Balmoral Road (District 10) Tenure: Freehold Site Area: 102,183 sqft Year of Completion: June 2014 Total Units: 85 Unit Types: 2 bedroom ~ 1,324 sqft (20 units) 3 bedroom ~ 1,636 – 2,809 sqft (31 units) 4 bedroom ~ 2,174 – 2,745 sqft (29 units) Penthouse ~ 3,509 – 6,168 sqft (5 units) Highlights: * Prestigious residential enclave in District 10 address * Panoramic views towards lush...
Private home prices in Singapore have fallen for the fourth straight quarter, though at a slower pace. Initial estimates from the Urban Redevelopment Authority (URA) on Wednesday showed that the cost of private residential properties fell by 5.9 per cent in the second quarter, compared to the record drop of 14.1 per cent in the previous quarter - the steepest fall since 1975. Observers projected that...
Private home prices in Singapore have fallen for the fourth straight quarter, though at a slower pace. Initial estimates from the Urban Redevelopment Authority (URA) showed Wednesday that the cost of private residential properties fell by 5.9 per cent in the second quarter, compared to the record drop of 14.1 per cent in the previous quarter - the steepest fall since 1975. According to the latest...
THE NEW PRIME DISTRICT * Experience inner city living within a contemporary freehold, prestigious enclave of District 9 * Living in the heart of Singapore’s Arts & Cultural District, combining arts & commerce, business & pleasure all within one square mile. * Walking distance to Dhoby Ghaut MRT (MRT Interchange) – transport hub serving North-South Line & future Circle line * Walking...
Market watchers said prices of private residential properties could climb by between five and 10 per cent on average in the second half of 2009. Strong sales in recent months have driven prices up despite the economic slowdown. Concerns are being raised over a potential property bubble. Close to 6,000 units of new private homes have been sold so far in 2009. This has surpassed the over 4,200 deals done...
OCBC Investment Research has said mass-market residential projects are seeing strong demand, especially from local buyers, but it is still too early to call for a recovery in the property market. In its latest report on the property sector, OCBC noted that the recently launched 8@Woodleigh condominium at Potong Pasir was fully sold within two weeks, while Vista Residences in Balestier has also seen a...
The landed housing market has been particularly active in the past month. At Bowmont Gardens in Frankel Estate in the east,a terrace house with a land area of 1,539 sq ft was sold for $950,000, or $617 psf, last month. According to caveats lodged with URA Realis, this property changed hands three times in the last three years. It was sold at $938,000 in May 2007 and $800,000 in January 2007. At Duchess...
There has been a huge spike in activity in the investment sales market in Singapore during the second quarter this year. According to property consultancy CB Richard Ellis, total property investment sales in the period so far have amounted to some S$954 million. The amount is up by more than three times from the previous quarter. CBRE said Thursday the good showing was due to the sharp recovery in the...
Consider this: Rentals are sliding while residential property sales continue to scale new heights in the current troubled times. With almost half of recent buyers being potential investors with private addresses, could these people be punting on a rental recovery? If so, they may be staring at a wait of several years for the uptick. "I don't expect any rental recovery for the rest of this year," said...