The Urban Redevelopment Authority (URA) said on Wednesday (May 8) that it will not proceed with proposed regulations for the use of private residential properties for short-term accommodation (STA). This means the three-month minimum stay duration will continue to apply. The agency made the decision after consultations with key stakeholders since 2015, including members of the public, management...
Freehold luxury condominium Amber Park sold 115 units at an average S$2,425 per sq ft (psf) during its launch weekend, just a week after its preview. Some 150 units were launched over the weekend, out of the development's 592 units, said City Developments Limited (CDL) and its sister company Hong Realty on Sunday. "We are very encouraged by the strong take-up at Amber Park's first weekend launch. As...
Singaporeans' deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade. About 79 per cent of private apartments went to Singaporeans in the first quarter of this year, the most since the first three months of 2009, according to property consultants OrangeTee & Tie. The homes were not cheap - the proportion of local purchases...
Some analysts say this might be a sign that potential buyers are resisting current price levels amid the mid the property cooling measures. According to the Urban Redevelopment Authority's (URA) quarterly figures released on Friday, developers launched 2,989 units, compared to Q4's 1,657 units, but sold 1,838 units, similar to Q4's 1,836 units. Unsold units also rose in the quarter, to 36,839...
Prices of private residential properties in Singapore decreased 0.7 per cent in the first quarter of 2019, the Urban Redevelopment Authority (URA) said on Friday (Apr 26). The previous quarter saw a 0.1 per cent decrease. The dip this quarter is a notch higher than the 0.6 per cent decrease in URA's flash estimates released on Apr 1. Prices of landed properties rose by 1.1 per cent during this...
Real estate investment sales in Singapore fell 52 per cent year on year to $5.3 billion in the first quarter of 2019, on cooling in the latest bout of en-bloc fever and from residential property curbs. This is according to a Colliers International research report released on Tuesday. The corresponding period in 2018 had seen a record level of residential collective sales, Colliers noted. In the...
Singapore was again the second-most expensive city in the world to buy a house last year. It emerged behind Hong Kong, which remained in first place, in the Global Living report by real estate firm CBRE which compared investment residential properties across 35 global cities. In terms of rentals, however, Singapore was the 10th most expensive. And with property prices inching up just 1.1 per cent...
Singapore remains the world's second-most expensive housing market after Hong Kong, according to an annual CBRE report which compares private residential property markets across 35 cities. But average price growth was significantly slower, at just 1.1 per cent. Hong Kong kept its top position with an average residential property costing US$1.235 million or US$2,091 per square foot (psf). Singapore came...
The private resale property market saw its biggest recovery in activity since being hit by the last bout of cooling measures, according to flash estimates from SRX Property on Tuesday. The flash data showed the number of resale non-landed private homes sold last month jump 59.3 per cent to 830 units after the Chinese New Year seasonal lull in February when 521 units were transacted. March resales...
URA flash estimate for the first quarter of 2019 shows that its overall price index for private homes fell 0.6 per cent over the preceding quarter. This is a bigger decline than the 0.1 per cent quarter-on-quarter dip in the fourth quarter of 2018. Year on year, the index is up 3.2 per cent. URA data released on Monday morning also showed that prices of non-landed private homes fell 1 per cent...
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