Rents in Singapore's prime residential sector are expected to ease further. According to consultants Jones Lang LaSalle, it's expecting to see a 4.5 per cent contraction for the whole year. It has already weakened by two per cent year to date. In its mid-year review on the Singapore property market, Jones Lang LaSalle also notes an easing in the resale prices of luxury projects in the prime...
singapore property
Up to 75,000 new jobs could help to prop up market HOMES for the masses have always been the backbone of Singapore’s residential market. And, with the two integrated resorts (IRs) expected to employ some 75,000 people, demand for such housing is likely to go up. Both IRs are expected to draw a significant influx of “foreign talent”, simply because Singapore does not have enough people with the...
FOR nine months over an unfolding global credit crunch, developers here held back from pushing out condominiums and houses into the market. Homebuyers found little variety in the showrooms. But when the supply gate was unlatched in June, interest poured back in — especially into the mass-market segment — resulting in a bumper month for sales despite the recent stock market and economic gloom. In...
June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the URA on Tuesday. Altogether, 801 private homes were sold, a jump of 80 per cent from May. But there were also more units launched. The number of units launched in June leapt 125 per cent from May to 1,069 units, meaning that there were more unsold properties in...
An elegant estate for the most discerning of home owners, Goodwood Residence promises to usher in new benchmarks in sophisticated luxury, all in the quiet, green surrounds of Goodwood Hill. Goodwood Residence, just off the Orchard / Scotts Road area, shares a boundary of approximately 150 metres with Goodwood Hill, allowing residents to live near almost 20 hectares of greenery - a rarity in urbanised...
Head of property developer SC Global still bullish on the local real estate market JUDGING from recent transactions, property prices appear to have hit or are near the floor, according to Mr Simon Cheong, the president of the Real Estate Developers’ Association of Singapore (Redas). As evidence, Mr Cheong, the head of high-end property developer SC Global, points to recent transactions of luxury...
Continued weakness comes amid caution caused by inflation and bleak outlook RECENT developments in the local property market have sent conflicting signals to investors. Several developers have indicated willingness to delay launches as residential property prices show signs of weakness, while others are pointing to still-strong demand. Meanwhile, market data from the Urban Redevelopment Authority (URA)...
Property analysts say prices are likely to fall further in the third quarter, but experts rule out massive declines because of the multiplier effect from Singapore’s two multi-billion-dollar integrated resorts (IR) now under construction. Housing demand is expected to pick up when the first IR in Marina Bay opens next year employing thousands of workers, said Mr Chua Yang Liang, Jones Lang LaSalle’s...
Singapore’s booming residential property sector is finally showing signs of cooling but projects including the two integrated resorts developments should underpin long-term prices, analysts say. The market was described by real estate giant Jones Lang LaSalle as the world’s hottest in 2007, when the city-state’s property prices surged 31 per cent overall. But this year the sector has not escaped...
Inspired lesisurely living. D10 location, freehold. Enticingly near Orchard. Abundant greenery. Lovely unobstructed views. SIGNATURE AT LEWIS - EVERYTHING A PREMIER ADDRESS SHOULD BE Location : 1 Lewis Road (District 10) Tenure : Freehold Year of Completion : 2011 Total Units : 32 (1 block, 12- storeys) Unit Types : 1 BR 2 BR 4 BR 4 BR Penthouse + Pte Pool 4 BR Penthouse + Pte Pool Location Map...