Singapore Property News This Week #148

Residential Private home sales increase in Feb Singapore’s new private home sales were reported to increase in February 2014, but are expected to slow down this month due to the cautious mood and limited new launches. As of last month, 724 new private homes were sold including top selling projects outside the central region (OCR),…

Singapore Property News This Week #144

Residential New launches to boost private housing sales New property launches are expected to give a boost to developers’ private housing sales in February and March, after only 565 units being sold in the primary market in January 2014. Although this figure for is higher than the 259 private homes sold in Dec 2013, it…

Property Market in 2014 – A Watershed Year?

By Property Soul (guest contributor) The property market in 2014 started with a series of bad news from the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB). How bad are the numbers? On 2nd January 2014, HDB announced that the HDB Resale Price Index continued to drop in the 4th Quarter of…

Are the Effects of 7 Rounds of Property Cooling Measures Wearing Off?

By Mr. Propwise It’s been almost five months since the announcement of the seventh round of property cooling measures by the government, which imposed steeper stamp duties and lower loan-to-valuations for mortgages. Have the measures had their intended effect to curb the rapid rise of property prices in Singapore? 2013Q1 URA PPI moderated, but prices…

Singapore Property News This Week #100

Residential 6 freehold units at 8 Nassim Hill up for bulk sale The six units are part of 8 Nassim Hill, a freehold condominium project with 16 luxury triplex apartments with private rooftop pools and gardens. They consist of three penthouses and two townhouses (3,218-4,338 sq ft) and a corner townhouse (5,759 sq ft). Originally…

Singapore Property News This Week #92

Residential Developers not optimistic about the property market With the latest round of cooling measures, developers are now less optimistic about the property market, as reflected in the Redas-NUS Real Estate Sentiment Index (RESI) Current Sentiment Index, which fell from 5.1 in Q3 2012 to 4.6 in Q4 2012. The Future Sentiment Index also fell…

Singapore Property News This Week #77

Residential 99-year Sengkang EC sites draws $135m top bid The 151,779.6-sq-ft site located at the junction of Sengkang West Way and Fernvale Link attracted a total of 6 bids, with the top bid of $135 million or $296.50 psf ppr from CITY Developments’ (CDL) unit Verspring Properties. The site has a 455,338-sq-ft GFA that can…

Singapore Property News This Week #76

Residential Chinese nationals making less private homes purchases The number of homes purchased by Chinese nationals from January to September this year has fallen by 48% from 2,046 units in the same period last year to 1,066 units, falling from their spot as the top foreign buyers. They have also shifted their interest in homes…

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…