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S’pore new private home sales drop 30% in May

Developers sold fewer homes in May as the latest round of tighter Covid-19 restrictions dampened showflat and property viewings and slowed new launch activity. New private home sales last month fell nearly 30% to 891 units from 1,268 units in April. But new home sales should rebound from July, when more projects are launched. In […]

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21 million-dollar HDB resale flats sold in April

The Housing Board resale market remained robust in April as 21 million-dollar flats changed hands and overall resale prices rose for the 10th straight month. Resale prices climbed 1.2% last month compared to March, according to flash data from real estate portal SRX released on Thursday (May 6). – 6 May 2021 Read Full Article […]

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Record 23 HDB flats in non-mature estates resold

Record 23 HDB flats in non-mature estates resold for over S$800,000 in 1Q 2021. The highest was a 5-room flat in Punggol, which sold for S$910,000 Prices of resale HDB flats in Choa Chu Kang, Woodlands, Sembawang, Bukit Panjang and Hougang have risen over 10% since before the pandemic Experts predict that a Punggol resale […]

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HDB resale prices climb for 4th straight quarter

The Housing Board resale market remained steadily robust in the 1st quarter of this year amid Covid-19 vaccine optimism, with prices of resale flats rising for the fourth consecutive quarter even as fewer flats changed hands. The resale price index for the first 3 months of the year was logged at 142.2, an increase of […]

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Foreign buyers, family offices and funds prop up demand for shophouses

Continued interest from foreign buyers, family offices and institutional funds has sustained demand for shophouses in the first quarter of 2021, following a strong burst of buying activity at the end of last year. Sales in the final quarter of last year had surpassed pre-pandemic levels, spurred by pent-up demand, lower costs of borrowing and […]

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Luxury home sales rose 10-fold in March

There were around 10 times more luxury private homes in prime districts sold in March than in February 2021 In all, private homes sold in March was the highest since November 2013 Analysts said Singaporeans made up the bulk of the purchases However, foreign buyers are snapping up the most expensive condos Referring to Knight […]

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S’pore condo resale volume hits 10-year high in March

The private resale housing market showed no sign of slowing down with the number of condominium units resold in March hitting the highest since May 2011, as prices rose for the 8th consecutive month. Condo resale prices edged up 0.1% from February – rising for the 8th consecutive month – and were up 4.2% over […]

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Gap between condo prices and household income highest since 2010

Known as the “affordability ratio”, the gap between household income and prices of new condominium sold is at its biggest in 10 years. The Business Times (BT) said the analysis used median property prices covering all land tenures and locations within Singapore and excludes executive condominiums (ECs). To get the prices, BT used the methodology […]

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645 private new homes sold in February

In February, 645 private new homes were sold, 60.5% lower m-o-m and 33.9% y-o-y. This was due to the lower number of project launches during the month, which saw only a total of 167 units being put up for sale, a record low since December 2018 when 101 units were placed on the market. “In […]

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‘Premature’ to talk about property cooling measures

IT is “certainly premature” to discuss curbs to rein in the buoyant housing market at this juncture, said Singapore Deputy Prime Minister Heng Swee Keat on Wednesday. However, he cautioned that the low interest-rate environment could bring risks to such big-ticket financial commitments and declined to reveal the “threshold” or level of property price appreciation […]

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New private home sales rise 32% in January

Sales of private residential units increased by about 32% last month, driven by a rush of buyers ahead of possible property curbs, said analysts. According to statistics released by the Urban Redevelopment Authority (URA) on Monday (Feb 15), a total of 1,609 private residential units were sold in January, compared with 1,217 a month earlier. […]

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DBS sees ‘pre-emptive’ policy response to curb higher property prices

SINGAPORE authorities may act pre-emptively to curb higher property prices, said DBS Group Research. The analysts said that while a steady 2 to 3 per cent annual increase in the Singapore property price index (PPI) in line with household income growth is well supported by fundamentals, an acceleration in excess of 5% will tip the […]

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Talk intensifies of more private property cooling measures after comments by ministers

Talk of another round of property cooling measures has intensified in the wake of recent ministerial remarks that the government is keeping a close watch on the market. This comes as URA flash estimates showed private home prices rose 2.1% for the fourth quarter – the steepest quarterly increase since second quarter 2018 when they […]

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Singapore private home prices increase by 2.1% in 4th quarter

Private property prices in Singapore rose 2.1% in the 4th quarter of 2020 from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Monday (Jan 4). This compares with a 0.8% increase in the previous quarter, said URA. For the whole of 2020, private home prices rose by 2.2%, compared […]

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Singapore condo resale prices rise for fourth straight month in November

RESALE prices of non-landed private homes in Singapore rose for the fourth straight month in November. Overall prices were up 0.3% from October 2020, and up 1.3% from November 2019. All regions saw price increases in November 2020. Month on month, the core central region (CCR) was up 0.5%, the rest of central region (RCR) […]

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New Private Home Sales Halved in Oct

Sales of new private homes by developers plunged 51.7% in October from the previous month, putting the brakes on a 5-month-long buying spree after new curbs were imposed on the re-issue of options to purchase (OTPs). Buyers took up just 642 units in October from a more than 2-year high of 1,329 units in September, […]

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HDB resale prices increase at fastest pace in 8 years, expected to continue rising

With prices trending downwards since 2013, the market for Housing and Development Board (HDB) resale flats may have turned the tide as prices have now increased at their fastest pace in 8 years. The number of units sold hit a 10-year-high of 7,787 Analysts say a larger proportion of newer flats entering the market was […]

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New private home sales hit two-year high in September

Despite still being in the midst of a recession, new home sales showed little signs of slowing down. In September, developers sold 1,329 new private homes (excluding executive condominiums (ECs)), up 5.6% from 1,258 units in August, according to Urban Redevelopment Authority (URA) data. This marks the fifth straight month-on-month (m-o-m) increase since the circuit […]

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S’pore’s worst recession in 55 years but why does the private property market not reflect that

Singapore’s economy contracted 13.2% year-on-year in the 2nd quarter, leading the Government to downgrade its forecast for the country’s gross domestic product to shrink between 5% and 7%, instead of between 4% and 7%. Yet, in spite of the grim economic outlook, the private residential market seems to have bucked the downward trend. The Urban […]

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August new home sales surge to 11-month high on pent-up demand

PENT-up demand continues to drive new home sales with 1,227 units sold in Singapore in August, an 11-month high with confident buyers pushing prices upwards amid worsening economic conditions and rising unemployment. Evan Chung, the head of Knight Frank’s property network, said the profile of buyers fit that of mostly “needs-based” purchasers. “The 2nd factor […]

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