THE residential leasing market remained soft last month, with both private home rents and HDB flat rents continuing their downward drift. Private rents slipped 0.8 per cent in November from a month ago, according to flash estimates by SRX Property. HDB flat rents fell 0.9 per cent during the same period. The rental drag in the private segment came from all regions, with the prime or Core Central...
singapore property
RESALE prices of non-landed private homes in Singapore rose 0.3 per cent in November 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This contrasts with a 0.7 per cent month-on-month decline in the index for October 2016. Last month's increase in the index came on the back of price gains of 0.5 per cent in the Core Central Region (CCR) and 0.4...
This paradox arises mainly from pent-up demand from buyers who have delayed their purchasing decision since the cooling measures of 2013, property consultants said. But the state of the economy and its impact on the labour market is a wild card. The uncertainty has clouded the reading on price directions for next year; analysts expect private home prices to slip further by as much as 3 per cent or to...
HOME sales rose by one per cent quarter-on-quarter to 4,596 units in the three months to September, led by a stronger showing in the resale market, according to a report by Edmund Tie & Company Research. The resale market saw a 15.7 per cent increase in sales in the third quarter, while primary home sales fell 13.2 per cent due to slower sales in August. Despite this upward trend in transaction...
Sales of new condominiums surged to a 15-month high last month as buyers snapped up units at two newly launched developments. Property developers sold 1,252 new private homes in October, more than double the 509 sold the previous month and the highest since July 2015, when 1,655 units were sold. ADVERTISING inRead invented by Teads More than half of the units sold in October were from two new...
THE revival in developers' private homes sales last month - sparked by new launches Forest Woods and The Alps Residences and supported by sales from earlier launches - is expected to continue this month. Two new major condo developments have hit the market this month so far - Queens Peak near Queenstown MRT station and Parc Riviera in the West Coast. Urban Redevelopment Authority (URA) data released...
DEVELOPERS' housing sales rose last month over the preceding month as well as on a year-on-year basis, show latest government numbers. In the private housing segment, excluding executive condos or ECs, developers sold 1,252 units in October 2016, up from the 509 units they moved in the preceding month and 549 units they sold in October last year. Including ECs, which are a public-private housing...
Towering at 122 metres with 30 storeys, Cairnhill Nine will be one of the tallest buildings in the Orchard Road district. It is part of an integrated development that also comprises luxurious serviced residence Ascott Orchard Singapore. It is located a few minutes’ walk from Orchard as well as Somerset MRT stations, world-class shopping malls and premium medical facilities. ​ Residents of Cairnhill...
RENTALS for both non-landed private homes and HDB flats continued to ease month-on-month (m-o-m) in October 2016. However, leasing volumes rose in both segments, according to the latest flash estimates released by SRX Property on Wednesday morning. SRX's rental index for private apartments and condos fell 0.4 per cent in October 2016 over September 2016 after retreating 0.5 per cent m-o-m in September...
Resale prices of condominium units and apartments fell by 0.7 per cent in October from September, according to flash estimates released by SRX Property on Tuesday (Nov 8). The month-on-month drop was the sharpest since a 0.9 per cent fall in January and February this year. September's drop in resale prices was revised up to 0.6 per cent from the flash estimate of 0.9 per cent. Based on the SRX...