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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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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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New condo sales jumped 30.6% in Q2

Singapore saw new condo sales volume rose 30.6 percent quarter-on-quarter to 2,246 units in the second quarter of 2019, while resale volume climbed 18.2 percent to 1,966 units. This brings total sales volume for Q2 to 4,212 units or the highest since Q3 2018 when the government rolled additional cooling measures. – September 10, 2019 […]

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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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Higher Prices Or Not, These New Condo Units Are Moving Fast

Some private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank. Amber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480 per sq ft (psf). It is […]

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Temasek-Khazanah JV confirms S$1.58 billion Duo sale

M+S Pte Ltd will sell the office and retail areas of the Duo complex for S$1.575 billion, or S$2,570 per square foot of net lettable area. The sale – to Allianz Real Estate and Hong Kong private equity firm Gaw Capital Partners – comprises Duo Tower, an office block with 570,000 sq ft of prime […]

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About 160 units sold at One Pearl Bank on launch weekend

CapitaLand announced that 160 units or 80% of 200 units released during the first weekend of launch, have been sold as at 5pm on Sunday, July 21. The average sale price achieved was $2,400 psf. The sales rate achieved translates to 21% of a total of 774 units in the private condo development at 1 […]

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Braving curbs, Chinese buyers lead foreign revival in Singapore’s luxury homes

Some of the Chinese investors are apparently buying into these luxury homes in the city state as a safety bet against the US-China trade war. Fresh interest is also being driven by instability in rival financial hub Hong Kong, the brokers say. Private home prices rose unexpectedly to a 5-year high in the second quarter, […]

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What could be driving private home prices to an estimated five-year high?

Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high. This is based on second quarter flash estimates published on Monday (July 1) by the Urban Redevelopment Authority (URA). FACTOR 1: WEIGHT OF EN-BLOC MONIES FACTOR 2: NEW PROJECT LAUNCHES AT HIGHER PRICES FACTOR […]

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Penthouse at 3 Orchard By-The-Park fetches $31.5 mil

A five-bedroom penthouse at 3 Orchard By-The-Park has been sold for $31.5 million. In terms of absolute price, it is the most expensive penthouse sold this year to date. The price for the 6,555 sq ft unit translates to $4,805 psf. Completed in 2017, 3 Orchard By-The-Park was designed by Italian architect and furniture designer, […]

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