Non-landed prime districtproperties to bear the brunt: DTZ THE fallout from the financial crisis is hitting the private home market hard, with one estimate putting the drop in private home prices at 21.6 per cent this year, a plunge not seen since the 1997 Asian financial crisis. DTZ's dramatic estimate is based on caveats lodged on Urban Redevelopment Authority's (URA) REALIS portal. However, other...
singapore property
Private home sales in Singapore have taken a sharp fall in the fourth quarter of this year. According to a report released Monday by property consultant DTZ, only 112 private homes were sold in the primary market in October, and 192 units sold in November. This, compared to the monthly average of 444 units sold in the first nine months of the year. The October sales volume is the lowest since the...
7,100 units ready in next two years, buyers may face difficulties: Analysts JUST how vulnerable is Singapore's :souring economy to a wave of defaults from private home buyers who had made use of the popular Deferred Payment Scheme (DPS)? It's a question that continues to split analysts, even as the Urban Redevelopment Authority (URA) on Friday released, for the first time, data on private homes sold...
10,450 private homes sold under the Deferred Payment Scheme are still uncompleted as of end November. This is according to figures released by the Urban Redevelopment Authority for the first time. The report comes amid concerns that a large number of uncompleted homes bought under the scheme may be sold at distressed prices as the property market softens. 68 per cent of uncompleted homes sold under the...
JLL says yes; other property pundits not so sure THANKS in part to falling interest rates, the affordability for luxury homes in Singapore has improved by 24 per cent since the third quarter of last year, according to property consultancy Jones Lang LaSalle (JLL). JLL compiles an affordability index for private homes, which takes into account factors such as property prices, national wages and interest...
... as prices of high-end private properties move down PRIVATE home launches and sales were up last month after a dismal October. The number of private residential units launched more than doubled from October's 159 to 382, and units sold increased from 118 to 192, according to the data released by the Urban Redevelopment Authority (URA) yesterday. Analysts said the jump in units launched reflects...
Sales of uncompleted private homes rebounded 63 per cent on month in November, after falling 70 per cent in October. Some 192 new units were sold in November. Data from the Urban Redevelopment Authority (URA) also shows that developers put out more units for sale. According to analysts, many developers had launched new projects in November after delaying launches in October, in the wake of the global...
Property agents said there's been an eight per cent jump in the number of private homes being put up for sale recently compared to previous two quarters. HSR Property Consultants said about half of the sellers have bought units under the Deferred Payment Scheme. The scheme which was scrapped last October allowed homebuyers to delay payments on new property until it is completed. Eric Cheng, executive...
Location: Prome Road Tenure: Freehold Description: 1 Block of 12 Storey with a part 4 storey apartment Year of Completion: 2012 Total Units: 48 Unit Types: 1 + study ~ 657 sqft (2 units) 2 bedroom ~ 861 sqft (2 units) 3 bedroom ~ 936 - 1453 sqft (28 units) 3 + study ~ 1098 - 1152 sqft (13 units) Penthouses ~1346 - 1948 sqft (3 units) Facilities: Heated Swimming Pool, Gym, Pool Deck, Children Pool, BBQ...
Location: Bhamo Road Tenure: Freehold Year of Completion: 2014 Total Units: 88 (1 block, 16 storeys) Unit Types: Studio ~ 506 sqft (8 units) 1 bedroom ~ 484 - 549 sqft (4 units) 1 + study ~ 603 - 710 sqft (12 units) 2 bedroom ~ 915 - 926 sqft (24 units) 2 + study ~ 980 sqft (8 units) 3 bedroom ~ 1195 - 1346 sqft (5 units) 3 + study ~ 1249 sqft (13 units) 4 bedroom ~ 1238sqft to 1313 sqft (8...