Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31). Speaking at the the association's spring festival lunch, he said there could be more than 30 projects with 9,000 new units launched for sale this year. Half of the new projects are expected to be located in the core central...
Developers should breathe easier as the private home market seems to have achieved a soft landing in 2019 as prices rose moderately amid higher sales, despite tough cooling measures imposed in 2018. Demand for private homes remained resilient with the price index up 0.5 per cent in Q4 over the prior quarter, and higher than the 0.3 per cent flash estimate released on Jan 2, according to the latest data...
Singapore's private home price index rose 0.5 per cent in Q4 2019 over the prior quarter, faster than the 0.3 per cent flash estimate released on Jan 2, according to the latest data from the Urban Redevelopment Authority (URA) on Thursday. For the full year of 2019, prices were 2.7 per cent higher, versus the 7.9 per cent rise in 2018. In Q3 2019, the index rose 1.3 per cent. In Q4 2019, prices of...
Private home sales in 2019 rose 15 per cent to 10,104 units - signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December. Housing demand was robust across the board, with six of the top 10 selling projects located in the outside central region (OCR) as HDB upgraders continued to snap up private homes, noted Lee Sze Teck, Huttons Asia director...
Sales of new private homes plunged 53.8 per cent month-on-month last December, on the back of the year-end holidays and with few new units launched. Developers sold 538 homes - excluding executive condominiums - in December, according to data complied by the Urban Redevelopment Authority (URA). This was a sharp drop from the revised 1,165 homes sold the previous month. On a year-on-year basis,...
The cooling measures introduced in July 2018 have dampened overall home-buying demand but in the top end of the condo market, foreigners may have shown more resilience. Drawing data from the Urban Redevelopment Authority's (URA) Realis, a report by ERA Research & Consultancy showed that the number of non-landed private residential units in the Core Central Region (CCR) bought by Singaporeans sank some...
The number of Singapore condominium units resold last year totaled just 9,017, sliding 27.4 per cent from 2018, according to real estate portal SRX Property's latest report on the non-landed private residential resale market. As for December 2019, an estimated 650 units were resold during the month, dropping 15.4 per cent from the previous month but increasing 21.5 per cent year on year (y-o-y),...
Koh Brothers Group’s freehold residential development in prime District 10 will soon hit the market officially. The Van Holland condominium will be launched for public sales on Jan 11 with indicative prices starting from S$2,600 per square foot, Koh Brothers announced on Tuesday. Its private preview was held on Jan 3. The 69-unit development along Holland Road is set to obtain its temporary...
Singapore is a small, vibrant city-state located in Southeast Asia that is divided into three main regions: the Core Central Region (CCR), the Rest of Central Region (RCR), the Outside Central Region (OCR). Each of these regions has its own unique character and attractions, making Singapore a diverse and dynamic place to live. Core Central Region (CCR) The Core Central Region (CCR) is the most...
Prices of private homes in Singapore are expected to rise by between 1 and 5 per cent this year, analysts say, after clocking a 2.5 per cent gain in 2019. At 2.5 per cent, the price growth moderated from the 7.9 per cent clip in 2018, the Urban Redevelopment Authority's (URA) flash estimate showed. For the fourth quarter of 2019, the overall price index for private homes was up 0.3 per cent - led by...
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