The annual churn compounded by the sluggish property market has led to more than 2,000 property agents leaving major real estate agencies here in the first three months of the year, industry data showed. As of Apr 1, there were 23,947 agents, an 8 per cent drop from 26,014 towards the end of last year. Earlier this week, the Ministry of Manpower’s latest labour market report showed that the number of...
singapore property
New private home sales in Singapore fell 45 per cent in May from April as developers launched fewer units. Data from the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed developers sold 638 housing units last month - well below the revised figure of 1,167 units for April. The number of units sold in May was, however, higher than the monthly figures for January to March. The bulk of homes...
The Ministry of National Development (MND) said on Thursday (Jun 11) that it has launched four Confirmed List sites and 13 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2015. The Confirmed List sites comprise three private residential sites at Alexandra View, Clementi Avenue 1 and Siglap Road, and an Executive Condominium (EC) site at Yio Chu Kang...
Prices of non-landed private homes remained flat in May 2015 as compared to the previous month, according to flash estimates by SRX Property on Tuesday (Jun 9). In individual sectors, the city fringe saw a resale price increase of 0.8 per cent, while resale prices in suburbs edged up by 0.3 per cent. Resale prices in the Core Central Region (CCR) decreased by 1.2 per cent, according to SRX's...
Starting Friday (Jun 5), the public will have access to information such as the amount of discounts and rebates offered by private residential developers. Direct discounts, furniture vouchers and absorbing the stamp duties are some of the carrots developers dangle at property launches to attract buyers. But the discounts and rebates may vary from buyer to buyer, and buyers often have no way of...
In an era of cooling measures and loan curbs, sales transactions in the Singapore property market continue to languish. The action is in rentals, at least in terms of the number of deals. SRX Property data shows that rental deals represented about 67 percent of a total of 115,864 property transactions last year and are hovering at about the same percentage so far this year. In contrast, rentals...
Resale prices of private homes fell last month, according to Singapore Residential Price Index (SRPI) estimates, which were released on Thursday (May 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 0.1 per cent in Apr from the previous month, when prices increased 0.3 per cent from a month earlier. Prices of homes in...
Living in a house with a panoramic view is often the dreams of many, as anyone loves being able to wake up with a breath-taking view while breathing in the cold and the fresh morning air. Sophia Hills offer a living space for future residents to be able to experience this luxurious lifestyle every day. Sophia Hills is located in the outskirts of the town area, which is at the top of Mount Sophia hill....
Property developers may incur up to S$90 million in extension charges for unsold units in their condo projects from April to December 2015, followed by S$238 million in 2016 if the health of Singapore's real estate market does not improve. This adds up to a staggering S$328 million that developers are expected to fork out in the worst-case scenario should they fail to sell any units by end-2016,...
New private home sales in the Republic jumped 83 per cent in April from March as developers launched new units and buyers returned to the market. Data from the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 1,124 housing units last month - well above the 613 units sold in March and 390 units in February. Developers launched 1,344 units in April, up from 400 in...