Singapore Property Prices Reach All-Time High Yet Again, But…

By Mr. Propwise From the URA’s recent 2Q2013 Private Residential Property Price Index (PPI) release, property prices have continued to defy gravity and have even accelerated – the 2Q2013 Residential PPI was up 1.0% on a quarter-on-quarter basis, versus the 0.6% increase of the previous quarter. Singapore property prices at an all-time high… Based on…

What Should Property Investors Do With Their Money Today?

By guest contributor Gerald Tay Dear Readers, I want to share some personal thoughts and investment decisions based on the 2013Q1 URA PPI flash estimate and what it means for the property market. The 2013Q1 estimate of 213.1 represents a 0.5% quarter-on-quarter increase, which is a moderation from the 1.8% q-o-q pace we saw in…

Singapore Property News This Week #93

Residential Chee Hoon Ave GCB site sold for $22.9m The 15,184 sq ft GCB plot located at 8 Chee Hoon Ave had been sold for $22.9 million or $1,508 psf of land area. It has a square shape and a frontage of around 37m along Chee Hoon Avenue. It is located near Botanic Gardens, Cluny…

Singapore Property News This Week #89

Residential NUS SPRI: Prices of completed condos slipped 0.3% in December In December, the NUS’s Singapore Residential Price Index (SRPI) series reflected a 1.3% fall in prices in the Central Region sub-index (excluding small units) in December, a 0.5% increase in the Non-Central Region,  and no change in prices of small units (up to 506…

Singapore Property News This Week #87

Residential Few units sold at showflats following new cooling measures The new cooling measures which include the cap on EC unit sizes at 160 sq m, and the inclusion of private enclosed spaces and private roof terraces in the 10% bonus GFA had resulted in slower sales at showflats – CityLife@Tampines, which had only 20…

Singapore Property News This Week #85

Residential EC market may see review The Forestville EC project was stopped from selling its units after its launch, a sign that the authorities are reviewing or revising measures that will result in the developer having to make changes to the proposed development plan. It was launched for balloting without URA’s approval to sell. The…

Singapore Property News This Week #84

Residential Foreign demand to help recovery of luxury property market Despite the 17.5% fall in foreigner’s share of purchases from 2011 to 6.2% in November 2012 as a result of the ABSD, the luxury property market is expected to recover in 2013 as foreign investors return to the local market. This is also helped by…

Singapore Property Prices Reach All-Time High, But…

By Mr. Propwise From the URA’s recent flash estimate of the 4Q2012 Private Residential Property Price Index (PPI), property prices have continued to defy gravity and have even accelerated quarter-on-quarter. The 4Q2012 URA PPI flash estimate hit 211.9 and was up 1.8% on a quarter-on-quarter basis. Singapore property prices at an all-time high… Based on…

Singapore Property News This Week #75

Residential 99-year leasehold Eden Residences Capitol begins sales A few units at 39-unit Eden Residences Capitol, the high-end residential component of a residential, hotel, retail and entertainment mixed development located near St Andrew’s Cathedral, has been sold to mainly Singaporeans and mainland Chinese at $2,900-$3,100 psf or $6.5 million to $10.4 million per unit. The…

Singapore Property News This Week #74

Residential Developer sales in September break 2010 records 2,621 private homes excluding ECs were sold in September, an 83.7% increase from August and the highest since July 2009’s 2,772 units, thus bringing the total units sold this year to 17,927 units, up 12.7% from 2011’s full-year record and 10% from 2010’s full-year record. This is…