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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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9 good class bungalows sold for $211m in H1

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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Singapore private home prices climb 1.5% in Q2 to highest in at least 5 years

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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Completed condo prices edge up 0.2% in April from March

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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Luxury condo prices hit record high in Q3

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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Majority of shoebox apartment investors profited: Knight Frank

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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Small home resales hit 10-year high in 2017

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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HDB resale index back in the red; Private Property Index up

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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Resale condo prices up 0.6% in December

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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Resale condo prices up 0.1% in September

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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Resale prices of private homes up 2.3% in Jan

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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