DUO Residences is an extraordinary iconic development soon to highlight the busy sparkly streets of Bugis, Singapore. Duo Residences will stand attractively as a prestigious mixed development comprising of elegant residence units, grade-A offices, an outstanding 5-star hotel and a wide array of retail galleries, all within the embrace of one welcoming environment. This lofty and towering icon is set to...
MOST property consultants say that the Urban Redevelopment Authority's second-quarter flash estimates signal that a bottoming out in private home prices is fast approaching. This, coupled with the recent improvement in private home sales, also means that the authorities would be inclined to delay any easing of the property cooling measures. Some agents are also hoping that Brexit could help divert some...
Private home prices in Singapore continued their decline in the second quarter of this year, according to flash estimates released by the Urban Redevelopment Authority (URA) on Friday (Jul 1). The private residential property index fell to 140.0 points in the second quarter, from 140.6 points in the previous quarter. This represented a decline of 0.4 per cent, compared with the 0.7 per cent decline in...
In this column, Bernard Tong, managing director of The Edge Property, assesses the advantages of buying a new condo as soon as it is launched versus waiting for the initial buzz to die off. Gem Residences was the most-talked about property launch last month, for some positive and not-so-positive reasons. The Toa Payoh condominium sold 300 units, slightly more than 50 per cent of the entire...
PRICES of completed private apartments and condos fell 0.8 per cent in May over April 2016. This is according to the National University of Singapore's (NUS) latest flash estimates for its Overall Singapore Residential Price Index (SRPI) released on Tuesday. This contrasts with a 0.2 per cent month-on-month (m-o-m) increase in the index in April, based on the revised index value for that...
DEVELOPERS' sales of private homes surged to a 10-month high last month on the back of new launches Gem Residences and Stars of Kovan and steady sales in projects released earlier. Sales are expected to moderate this month, assuming there are no new launches. However, things should pick up again in July, when developers of at least one private condo and two executive condo (EC) projects are expected to...
Rental prices for Housing and Development Board (HDB) flats remained flat in May, while those for non-landed private properties decreased by 0.6 per cent compared to April 2016, according to flash estimates by SRX Property. Rental volume increased by 5.8 per cent, with about 4,400 units rented in May - up from 4,158 the previous month. Year-on-year, rental prices for private apartments were down 5.2...
Sales of new private homes rose 41.7 per cent in May, an improvement from the number of private units sold the previous month. Excluding executive condominiums (ECs), property developers sold 1,056 units last month compared with the 745 units sold in April, data from the Urban Redevelopment Authority (URA) showed on Wednesday (Jun 15). A total of 1,388 units - including ECs - were sold, up from...
RESALE prices of non-landed private homes in Singapore rose 0.4 per cent in May 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This follows a revised 0.6 per cent month-on-month gain for April 2016 - which was slightly higher than the 0.5 per cent rise that SRX Property had indicated earlier based on its flash estimates for April. Giving a...
The resale prices for non-landed private residential flats inched up in May, with resale volume also increasing, according to estimates released by SRX Property on Thursday (Jun 9). On a month-on-month basis, resale prices were up 0.4 per cent last month. Compared to a year ago, prices increased by 0.2 per cent. In individual sectors, the Core Central Region and Rest of Central Region posted a...
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