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Singapore private home prices eke out surprise 0.3% rise in Q2

Defying Covid-19 circuit breaker measures and a recession, private home prices in Singapore edged up 0.3% in the second quarter from the previous 3 months, according to final data from the Urban Redevelopment Authority (URA) on Friday (July 24). The URA also said that prices of landed properties remained unchanged in the second quarter of […]

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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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Singapore condo resales sink further but prices hold steady in 2nd month of circuit breaker

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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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 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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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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Easing Singapore property curbs not on radar

SINGAPORE has no immediate plans to ease property curbs, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Wednesday, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five years. “It is not on our radar at this point because […]

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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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Luxury homes flourish amidst renewed vigour from ultra-rich foreign buyers

Dyson and Saverin are amongst the more prominent ultra-rich individuals looking to own one of their own luxury properties in Singapore, but they are not alone. Foreigners bought over 254 private homes in April to June 2019, up by 46% from the 174 units made in Q1. April to June 2019 alone recorded 139 transactions […]

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More HDB resale flats sold in October 2019

More Housing Board resale flats were sold last month compared with previous months after higher grants and income ceilings for first-time buyers took effect in September. In all, 2,213 HDB resale flats changed hands, an 18% increase from September, compared with a year ago, the resale volume was also 10.6% higher. 4-room flats made up […]

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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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HDB resale prices increase slightly in Q3 after four quarters of decline

Prices of resale flats for the 3rd quarter of this year rose 0.1% from the 2nd quarter, according to flash estimates released by the Housing and Development Board (HDB) on Tuesday (Oct 1). The resale price index – which provides information on the general price movements in the resale public housing market – is estimated […]

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