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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Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday (June 9). About 171 units were resold in May, similar to levels seen during the financial crisis of […]
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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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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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Nine good class bungalows (GCB) exchanged hands during the first half of 2019 for a total price of $211 million, reported Singapore Business Review citing a Knight Frank report. 16 Jervois Hill at Chatsworth Park emerged as the priciest GCB at $30.9 million or $2,032 per sq ft (psf), up 74.4 percent than the median […]
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Private home prices in Singapore rose unexpectedly in the second quarter to hit their highest level in at least five years, with apartments around the central region and suburbs proving most popular with buyers. The private residential property index increased 1.5% to 150.8 points in the second quarter, beating an initial estimate and reversing 2 […]
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The seller of a unit at Leonie Gardens made the top gain of $1.83 million over the week of June 26 to July 2. The 1,733 sq ft, three-bedroom unit on the 14th floor was bought for $860,000 ($496 psf) in July 2005 and sold for $2.69 million ($1,551 psf) on July 2. The seller […]
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The seller of a unit at Boulevard Vue made the top gain of $2.5 million over the week of July 2 to 9. The 4,478 sq ft, four-bedroom unit on the 17th floor was bought for $15 million ($3,350 psf) in April 2015 and sold for $17.5 million ($3,908 psf) on July 8. The seller […]
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The rise was driven by a 1.4% increase in prices for apartments in the central region, excluding small units. In March, prices in the location had edged up 0.1%. However, prices of apartments outside the central region, excluding small units, fell 0.6% in April following a 0.1% dip in March. The NUS Institute of Real […]
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The average price of resale luxury condos in Singapore reached a new record high of $2,063 psf in Q3 2018, likewise for new sales of high-end condos at $2,819 psf. The most expensive luxury home sold during the 3rd quarter was a resale unit on the 17th floor of the Urban Resort Condominium that changed […]
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About 88.4 percent of resale transactions involving shoebox apartments, units smaller than 50 sq m (approx. 538.2 sq ft), made a profit, according to an analysis of caveats by Knight Frank. It found that those who have divested their shoebox apartments pocketed an average capital gain of 11.5 percent, or an annualised return of 2.4 […]
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Sales of small private condos slowly but steadily increased between 2014 and 2017, reported the Business Times. “Small apartments will remain popular among investors and young couples due to their price affordability and potentially attractive yields,” said OrangeTee & Tie’s research head Christine Sun. As such the property consultancy believes that sales of smaller private […]
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The 3Q2018 HDB Resale Price Index (RPI) dropped 0.2% q-o-q and 1% y-o-y. The index’s growth rate has returned to negative territory after a short-lived 0.1% uptick q-o-q in 2Q2018. By end-September, the index had contracted 0.8% in the first nine months of the year. Meanwhile, the URA price index for private residential property continued […]
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Prices of completed non-landed private homes in Singapore continued to rise in December at 0.6 percent, following a revised 1.6 percent hike during the previous month. January 30, 2018 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2018/1/168643/resale-condo-prices-up-0-6-in-december
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Prices of completed non-landed private homes rose slightly by 0.1 percent in September, following a revised 0.9 percent hike during the previous month. Excluding small units, prices in the central region climbed by 0.4 percent in September – October 31, 2017 Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/10/163736/resale-condo-prices-up-0-1-in-september
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But property measures may still need tweaking. The latest SRX Private Residential Flash report for January 2014 showed a 2.3% rise in January’s reslae price index and a 1.1% rise in the rental index, which bodes well for the industry. Read Full Article on: http://sbr.com.sg/residential-property/in-focus/resale-price-index-rises-23-in-january
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