Singapore new home sales up almost 60% in December

The December sales were mainly driven by two key launches – namely, Clavon and Ki Residences. On an annual basis, new home sales soared 126.2% from the 538 units shifted in December 2019.

Continue ReadingJan 13, 2021

Holland Rise GCB site for sale for $68mil

The freehold vacant plots occupy a combined land area of 52,992 sq ft. Buyers have the option to acquire a single plot or multiple plots.

Continue ReadingJan 7, 2021

Haidilao chairman’s son granted Option to Purchase for Gallop Road bungalow

Reserved for purchase only by Singapore citizens, bungalows within the 39 gazetted Good Class Bungalow (GCB) Areas are Singapore’s most prestigious form of landed housing.

Continue ReadingJan 6, 2021

Private residential prices up 2.1% in Q4, 2.2% in 2020

Looking ahead to 2021, overall private home prices is expected to rise by 1% to 4%, while new home prices may increase at a faster pace of between 2% and 5%, says Christine Sun, Head of Research and Consultancy at OrangeTee and Tie.

Continue ReadingJan 5, 2021

New private home sales up 18.9% in November

The increase in private home sales comes on the back of new project launches by developers, with The Linq @ Beauty World emerging as the best-selling development for November.

Continue ReadingDec 16, 2020

New NoMa Condominium to rise around Geylang homes as owners refuse to sell

Macly Group had wanted to buy all seven terraced homes in Geylang for the freehold project, but only managed to purchase five of the houses. Despite this, NoMa condo has sold 46 out of the 50 units as of 4 Dec. It is expected to be completed by 2023.

Continue ReadingDec 7, 2020

More expats from Hong Kong turning to Singapore property market

Of the total sales registered in the first nine months of 2020, 260 units were snapped up by foreigners. Buyers from China or Hong Kong accounted for 75% of foreign buyers.

Continue ReadingNov 30, 2020

Semi-detached house near Orchard Road up for sale for $7.84mil

The two-storey freehold property occupies a land area of 288.0 sq m (3,100 sq ft), and is expected to sell at $2,500 per sq ft.

Continue ReadingNov 24, 2020

New Private home sales fell 51.7% in October amid new curbs

The clampdown on the re-issue of options to purchase (OTP) by developers, as well as the lack of new launches could be reasons for the decline in new home sales, observed analysts.

Continue ReadingNov 17, 2020

Singapore’s private home market shows sign of recovery in Q3

Transaction volume for private homes spiked 164.5% to 7,047 units in Q3 2020 from 2,664 units in Q2 2020, with resale homes accounting for a larger proportion of the total sales.

Continue ReadingOct 23, 2020

Developer sales up 11.9% in Q3 2020, Huttons

Sales have been on the uptrend since the Circuit Breaker in April, with September marking the fifth consecutive month of increase in monthly sales. The average size of units purchased have also steadily increased over the last few months.

Continue ReadingOct 21, 2020

New private home sales hit two-year high in September

New home sales in September hit 1,329 units, a 5.6% increase from August's 1,258. Sales also continued to increase for the fifth consecutive month since the circuit breaker measures were implemented.

Continue ReadingOct 16, 2020

Avenir to preview with early bird prices from $2,930 psf

Unit sizes range from about 527 sq ft for a one-bedroom apartment to 2,411 sq ft for a four-bedder.

Continue ReadingJan 3, 2020

MAS cautions property buyers as number of new launches racks up

The high number of unsold units could place downward pressure on property prices.

Continue ReadingNov 29, 2019

Upward momentum in SG condo prices could last until Q3 2020

Savills recommended that the current private residential market be left “unperturbed” despite the rising prices and economic conditions.

Continue ReadingNov 26, 2019

Rents for ultra-luxury residential properties grow 10.6% in Q3 2019

Rental yields for the ultra-luxury properties increased from the previous quarter but remained unchanged for the mass market residential properties.

Continue ReadingOct 31, 2019

New home sales hit a 14-month high in September

Developers sold 1,270 private homes in September, driven by several new launches, including Avenue South Residence, which sold 361 units.

Continue ReadingOct 16, 2019

Hike in private home prices does not allude to a buoyant market

Experts at Edmund Tie & Company noted that higher land prices, declining average sell-down rates and compressing developer’s margin show that the market isn't as 'buoyant' like it appears.

Continue ReadingOct 11, 2019

Non-landed private resale home transactions drop 1.5% in September

OrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over the previous years.

Continue ReadingOct 9, 2019

Private home leasings show 4.4% increase in Q2

URA Realis data show rents of private homes rose 1.3 percent in Q2 compared to a one percent rise in the preceding quarter.

Continue ReadingOct 3, 2019