But don't expect prices to fall, say analysts IN another sign of a lull in the private residential property market, developers managed to sell only 795 new homes in the first three months of this year — a hefty 46 per cent decline from the fourth quarter of last year. "This was the second lowest quarter of developer sales since the Sars-stricken quarter" in the first three months of 2003, said DTZ...
singapore property
Investment sales level in the Singapore property market in the first quarter of 2008 was similar to that in the fourth quarter of 2007 despite deepening concerns regarding the US economy. A report by DTZ Debenham Tie Leung said a total of S$8.4 billion worth of transactions was concluded, a slight increase of one per cent quarter-on-quarter. The office sector was the best performer with S$3.4 billion in...
THE DOMESTIC property market is expected to remain cautious even after an increase in sales and launches last month. Some 322 private residential units were sold in March, a 70-per-cent increase from the 189 in February, according to data released yesterday by the Urban Redevelopment Authority. A total of 642 new units were offered for sale by developers last month, up 87.17 per cent from 343 in...
There are signs the property market in Singapore might be making an about-turn following its muted start to the year. Figures released by the Urban Redevelopment Authority (URA) show that the number of private homes sold in March leapt 80 per cent from the month before, signalling improved buyer sentiment. And developers were even more positive. They launched more than 600 units for sale in March - about...
Property investment sales rose nearly 3 percent to S$8.36 billion in the first quarter compared to the previous three months. But this was still 36.6 percent below the peak of S$13.2 billion worth of sales amassed in the third quarter last year. This is according to latest figures from property consultants Colliers International. Colliers said with the exception of the commercial and industrial sectors,...
Sales of private properties have been sliding amid a standoff between buyers and sellers, say market watchers. In February, sales for new launches were only one tenth of the record numbers seen in August last year. Analysts also say that residential property prices may have finally peaked, although the fundamentals still support long-term growth. URA's latest flash estimates showed private home prices...
Unique mixed development of 334 residential apartments, 32 “SOHO-style” apartments, 100,000sqft of retail space and a 370-unit hotel. Strategically located on North Buona Vista Road, at the confluence of the East-West MRT Line (Buona Vista MRT Station) and the future Circle Line (one-north MRT Station). Situated next to Rochester Park, planned $660 million lifestyle hub by Capitaland and Rock...
National Development Minister Mah Bow Tan has said there is no shortage of housing in Singapore. He said, "Based on all the BTO (Build-To-Order) projects that we've had so far, (for) all of the projects, all of the developments for the last year - except one - there've always been flats left over, even after everybody in the queue has been offered." Mah Bow Tan (file pic)But some home buyers often...
Heralding the dawn of a new era of sheer sophistication is Parc Centennial, a freehold development location at prestigious District 9. Mere minutes from Newton and Novena MRT Station, every urban convenience possibly desired by working professionals and the family-oriented alike, are accessibly located at your doorstep. Whether it is close proximity to prestigious institutions like the Ango Chinese...
Rentals for HDB and mass market private apartments are set to rise in the coming years, with more foreign workers heading for Singapore. Property agents expect rents to climb by about 10 percent this year. They say HDB flat-owners could gain from the spike in demand. Singapore’s two integrated resorts will be ready in the next two years. Besides attracting more tourists, they are also expected to...