A hundred and four non-landed new homes with a price tag of S$5 million and above were sold in the first 10 months of this year - the highest tally in recent years. OrangeTee & Tie said the last high was in 2011, when 155 units priced above that level were transacted for the corresponding 10-month period. When looking at properties by price per square foot (psf), the number of new private homes sold...
Sales of private homes by developers in Singapore fell 27 per cent in October from the previous month, official data released on Friday (Nov 15) showed. Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 928 units last month, compared with 1,270 units in September. Including executive condominiums, 955 units were sold. Advertisement Compared to the year ago period, the...
Rents for non-landed private homes slipped in October from the previous month, while those for HDB flats edged up, although they were both higher than a year ago. Overall condo rents declined 0.2 per cent from September, but rose 4.2 per cent year on year. However, they are still 16.9 per cent below their peak in January 2013. The core central region (CCR) was the hardest hit, with a 0.6 per cent...
The fortunes of two of Asia's hottest property markets are diverging. Singapore is now ranked No 1 for real estate investment prospects in terms of price increases in 2020. Hong Kong, buffeted by months of violent anti-government protests, has plunged to the bottom of the list from 14th place in 2019. That's according to an Urban Land Institute and PricewaterhouseCoopers LLP report released Tuesday into...
Resale prices for non-landed private residential properties in Singapore continued their rise in October following an increase in September, while volumes picked up from a slight dip, according to flash figures from real estate portal SRX Property on Tuesday. Condominium resale prices rose 0.8 per cent in October from the previous month, faster than the 0.4 per cent increase in September following three...
"Sell one property, buy two" has been the sales pitch of numerous property agents in these challenging times. The proposition - sell your HDB flat and use the proceeds for down payments on two condos - has had some home owners and investors hooked, but market watchers are cautioning against it, calling for prudence as it carries some serious risks. Potential buyers are urged to do their sums...
Prices of private residential properties in Singapore continued to climb in the third quarter of 2019, after hitting their highest levels in at least five years in the previous quarter. The private residential property index increased 1.3 per cent to 152.8 points in the third quarter, the latest data from the Urban Redevelopment Authority showed on Friday (Oct 25). In Q2, the index had risen 1.5 per...
A new research by the National University of Singapore (NUS) has found that the type of housing owned by Singaporean parents, along with the city-state's housing policies, can significantly influence the next generation's economic status. According to the study, children from low-income families, defined as those with parents in the bottom 60th percentile nationally, show upward mobility in housing...
Developers in Singapore moved 1,270 private homes in September 2019, up 13.1 per cent from the 1,123 units they sold in the previous month and also 36.3 per cent higher than the 932 units sold in September 2018. The latest figure is the best showing in 14 months. The above figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Tuesday based...
Sales of private homes by developers in Singapore rose 36.3 per cent year-on-year in September, official data showed on Tuesday (Oct 15). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,270 units last month, excluding executive condominiums, compared with the 932 units sold in the same month a year earlier. This is the largest number of new homes sold in the month of...
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