Singapore Property News This Week #114

Residential Property cooling measures discourage foreign buyers According to a caveats analysis by DTZ, Singapore PRs and foreigners continued to buy fewer private homes for the second consecutive quarter in Q2 2013, while Singaporeans’ private home purchases increased by 14.4 percent in Q2 compared to Q1 2013. PRs bought just 348 units in the secondary…

Singapore Property News This Week #104

Residential Luxury home markets hit by cooling measures According to JLL, the average capital values for luxury homes fell by 0.6% in Q1 as a result of cooling measures such as a higher ABSD and a tighter LTV ratio. This is compounded by the slower slower population and economic growth. Similarly, a CBRE report stated…

Singapore Property News This Week #91

Residential Private home sales jumped by 42.8% in January A total of 2,013 private homes excluding ECs were transacted in January, up 42.8% from 1,410 in December 2012. Specifically, the OCR constituted 1,287 deals or 63.9% of the total sales, the CCR constituted 350 deals or 17.4% and the RCR constituted 376 deals or 18.7%….

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 #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 News This Week #83

Residential Private home sales fell by 44% in November 1,087 private homes excluding ECs were sold in November, a 44.2% fall from 1,948 in October, and a 36.1% from the same period in 2011. This is attributed to the lack of major launches (773 units, a 53% fall from October’s 1,633 units) and possibly the…

Singapore Property News This Week #65

Residential Shan Gate apartments up for collective sale The 27-unit 10-storey residential development located along Shan Road near the Novena Medical Hub and the Novena MRT Station is asking for $51.5-53.5 million or $1,010-1,049 psf ppr excluding balcony allowance, or $918-953 psf ppr if included, based on a 2.8 gross plot ratio on the 18,305…

Singapore Property News This Week #52

Residential Indications of cooling property market After five rounds of cooling measures to discourage speculative demand and the increase in housing supply as part of the measures to cool the property market, results can be seen in the slight decrease in private home prices in Q1 2012, the fall in the proportion of sub-sales (an…