The private housing market saw a slight upturn in November as resale prices went up from the previous month, according to flash estimates from SRX Property. Resale prices for non-landed homes increased by 0.6 per cent month-on-month, with the main price jump in the Core Central Region (CCR) at 3 per cent. The Rest of Central Region (RCR) saw a bump of 1.3 per cent, but the Outside Central Region dipped...
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The decline in private home prices has been measured and points to the market settling at sustainable levels over time, the Monetary Authority of Singapore (MAS) said today (Nov 27), in yet another indication of the Government’s intention to keep property curbs in place. Private home prices have fallen 8 per cent in the third quarter this year from its peak in the third quarter of 2013, but the...
Resale prices of private homes continued its slow growth last month, according to the Singapore Residential Price Index (SRPI) estimates, which were released on Monday (Nov 30). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.1 per cent month-on-month in October, building on the 0.3 per cent growth in September. Prices...
Sales of new private homes jumped 60.1 per cent last month. Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the...
Rental prices for non-landed private homes fell for the ninth straight month by 0.4 per cent in October compared to September, according to flash estimates released by SRX Property on Thursday (Nov 12). Units in the Core Central Region and Outside Central Region both saw decreases in rents of 0.8 per cent. Homes in the Rest of Central Region saw a 0.4 per cent increase. On a year-on-year basis, rents...
The resale prices of non-landed private residential units in October dipped 0.6 per cent from September this year, according to latest data from SRX Property released on Wednesday (Nov 11). Units in the Core Central Region, Rest of Central Region and Outside of Central Region all posted a price drop of 1.1 per cent, 0.5 per cent and 0.4 per cent respectively. Overall resale prices also went down 2.6...
The Government and real estate industry share a common interest in ensuring a stable and sustainable property market, said Finance Minister Heng Swee Keat on Thursday (Nov 5). Speaking at an anniversary dinner of the Real Estate Developers' Association of Singapore (REDAS), Mr Heng said: "The Government has always taken a medium-term approach towards managing land supply, based on fundamental...
A host of issues continue to plague developers here - from an oversupply of residential units, a ballooning unsold inventory to rising costs of development and operations. "As such, prices cannot drop too deeply without affecting the quality of our products and operational obligations," said president of the Real Estate Developers' Association of Singapore (Redas), Augustine Tan, at the Redas...
Resale prices of private homes rose last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Wednesday (Oct 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.1 per cent in September from the previous month, when prices fell 0.7 per cent from a month earlier. Prices of small...
Prices of private residential properties in the third quarter fell by 1.3 per cent from the previous quarter - the eight consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Oct 23). The decline was sharper than in the second quarter, when prices fell 0.9 per cent. The fall was observed across all segments of the private residential property market, URA said....