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New private home sales post surprise rebound

Singapore is undergoing its worst recession since independence, but developers sold 998 non-landed private homes last month, up 105% from May, when 487 private homes were transacted. Including 33 EC units sold, 1,031 new non-landed homes were taken up last month, about 25% more than a year ago. The number of private homes transacted at […]

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Virtual tours and opportunities: The Singapore property market during COVID-19

Singapore is now in the 1st phase of the post-circuit breaker period. Developers’ show galleries remain closed, and property agents are still unable to conduct face-to-face meetings or viewings with prospective buyers. Amid these challenging operating conditions, new private home sales fell 12% in the first quarter. In the same period, prices fell 1%. Singapore […]

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New private home sales rebound in May despite virus curbs

Developers in Singapore sold 484 new private homes last month, going by sale caveats, Knight Frank Singapore said yesterday. This is 74.7% more than the 277 new private homes they sold in April. A total of 967 caveats for private homes were lodged during the circuit breaker from April 7 to June 1, said Knight […]

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Rich Chinese snapping up luxury homes from Singapore to Sydney

Even in Singapore, where a partial lockdown remains in place, activity is picking up via online platforms. 3 Chinese clients bought 6 apartments worth a combined S$20 million at Marina One Residences this month without any virtual tours. One investor spent about S$12 million on 3 separate 3-bedroom units in the same development, a 5-minute […]

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Private residential transactions continued to push on during circuit breaker

“A quick count of real estate caveats across all sectors from 7 April to 30 April showed properties being transacted, with the private residential sector leading in volume with 286 caveats,” said Leonard Tay, Head of Research at Knight Frank Singapore. For the whole month of April, the private residential market registered a total of […]

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Private home sales hit five-year low in March, set to worsen with April’s circuit breaker

Sales of new private homes hit a five-year low in March as tightened Covid-19 safe distancing measures resulted in fewer major condominium launches and shuttered showflats, data from the Urban Redevelopment Authority showed on Wednesday (April 15). Excluding executive condominiums (EC), a total of 660 units were sold last month, a steep 32.4% drop from […]

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Announcement (Updated on 21 April 2020)

In accordance with Singapore Government’s latest measures to contain the COVID-19 outbreak, Urban Redevelopment Authority (URA) has issued an advisory to all developers with a sale licence to close their show galleries from 7 April to 1 June 2020 (inclusive). All on-site, physical property transaction activities should be postponed until after 1 June 2020 or […]

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New home sales up 114% in Feb, amid virus outbreak

Analysts cite reasons such as low interest rates and competitively priced projects. Singapore’s new home sales last month surged more than 114% from a year ago, defying the coronavirus outbreak and a looming global recession. Posting the 2nd-strongest February sales performance in 8 years, developers moved 975 private homes – up 57.3% from the 620 […]

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February’s private home sales up over 57% month-on-month: URA

DEVELOPERS in Singapore sold 975 private homes in February, 57% higher than January’s take-up, as more units were launched for sale last month. 933 units were launched in February, of which 601 were in the Core Central Region, 115 in Rest of the Central Region and 217 were Outside the Central Region. – Mar 16, […]

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New private home sales rebound; strongest January showing in 7 years

Sales of new private homes rebounded last month, marking the strongest January showing in 7 years. Developers sold 618 homes – excluding executive condominiums – last month, 14.9% higher than the 538 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Feb 17). This was also 41.4% more […]

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Private residential property market expected to ‘remain resilient’ in 2020

Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31). There could be more than 30 projects with 9,000 new units launched for sale this year. Half of the new projects are expected to be located in the core […]

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2019 new home sales top 10,000 units, up 15% from year ago

PRIVATE home sales in 2019 rose 15% to 10,104 units – signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December. Latest data showed that developers in Singapore moved 538 private homes in a seasonally slow December, less than half of the 1,147 units they sold in the previous […]

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Private home prices expected to rise this year after 2.5% gain in 2019

PRICES of private homes in Singapore are expected to rise by between 1 and 5% this year, analysts say, after clocking a 2.5% gain in 2019. In the 4th quarter of last year, prices of landed property rose 4 per cent, after edging up 1% in Q3 2019. Dr Lee Nai Jia, head of research […]

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Around 50% of new condo units sold valued at $1m to $1.5m

Around half of new condominium units sold or 47% of total units sold in the third quarter of 2019 were valued at $1 million to $1.5 million each, due to the increase of proportion of smaller units getting sold. – November 15, 2019 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/11/184420/around-50-of-new-condo-units-sold-valued-at-1m-to-1-5m

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New condominium sales rose 49.2% QoQ in Q3 2019

New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018. All three regions saw growth in new sales, with the biggest growth being recorded in the Outside Central Region (OCR), caused by projects having attractive pricing. – November 15, 2019 Read Full Article at […]

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Condominium prices in RCR sees 6.3% rise in Q3 2019

Condominium prices in the Rest of Central Region (RCR) grew 6.3% year-on-year (YoY) in Q3 as compared to Q3 2018, reported Singapore Business Review citing Knight Frank. The growth was partly due to the revealing of plans for the Greater Southern Waterfront at the National Day Rally. – October 30, 2019 Read Full Article at […]

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New home sales hit a 14-month high in September

New private home sales in Singapore soared to its highest level in September since July 2018. Urban Redevelopment Authority (URA) data showed that developers sold 1,270 private homes in September, or up 13.1 percent from the 1,123 units moved in the previous month. The figure, which excludes executive condominiums, is also 1.4 times the 932 […]

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Private residential prices climb 0.9% q-o-q in 3Q2019, led by high prices at new launches

Flash estimates from the URA show that private residential property prices climbed by 0.9% q-o-q in 3Q2019. This is the second straight quarter that prices have increased, following the 1.5% increase recorded in 2Q2019. This means that private home prices have cumulatively increased by 1.7% since the start of the year. Private home prices are […]

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Singapore luxury apartment sales hit 11-year high, driven by Chinese demand

Sales of Singapore apartments worth at least S$10 million have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets. In the first eight months of 2019, 68 condominium units in the wealthy Asian city-state were sold for S$10 million and more, the highest tally since the corresponding period of 2008. […]

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August private home sales up 81.9% from year earlier

Sales of private homes by developers in Singapore rose 81.9% in August from a year earlier, official data showed on Monday (Sept 16). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,122 units last month, compared with 617 units in the same month a year earlier. – 17 September, 2019 Read more […]

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