Private property prices to grow more slowly amid market uncertainty

Private property prices will see slower growth in the first quarter of this year, amid the current upheaval in global financial markets and a possible US recession.
That is according to property consultants who said prices will be supported by rentals which will continue to climb higher this year.
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There has been frenzied [...]

Property data eagerly awaited

WHAT IT IS
THE Urban Redevelopment Authority (URA) and the Housing Development Board (HDB) will release a slew of figures on Friday covering property sales, rentals and prices for all of last year.
Flash estimates earlier this month indicated that while demand for homes soared for most of last year, it slowed sharply towards the end.
WHY [...]

Home prices stay firm even as property stocks retreat

Amid weak sentiment in a quiet market, many players are adopting a wait-and-see attitude
SINGAPORE’S property stocks have been taking a hammering lately but the property market has so far remained unscathed.
After riding the boom to dizzy heights, property counters have now dropped by up to 60 per cent or so from their high points over [...]

Orchard Rd office unit fetches $2,497 psf

Previous deal in same building on higher floor done at $1,601 psf in April.
The strata office market is still running hot. A first-storey freehold office unit at United House, behind Le Meridien Singapore Hotel in Orchard Road, went for $2,497 per square foot of strata area at a Colliers International auction last week.
The last transacted [...]

Singapore residential market is world’s hottest this year

SINGAPORE’S booming housing market is the world’s hottest this year, with local home prices recording the fastest increase.
Residential property prices in the Republic surged 24.3 per cent, after adjustments for inflation, ahead of other bullish markets such as Shanghai in China and Bulgaria, said property investment research house Global Property Guide.
In a report published online, [...]

Less than 2,000 units of new private homes to be sold in Q4

Sales of new private residential homes in Singapore look set to plateau this quarter.
According to the Urban Redevelopment Authority (URA), 593 units were sold in November, up by about 5% from the previous month.
Market watchers said they expect overall prices to rise by 5-8% for the last quarter of this year. This will bring the [...]

In quiet Nov, sales of new private homes rise

The number of new private homes sold in Singapore rose unexpectedly last month in a traditionally-quiet period, amid volatile market conditions.
The Urban Redevelopment Authority (URA) said yesterday that 611 new units were sold last month, up from 590 in October.
Developers launched 598 units last month - which is slightly lower than the 629 in October.
“The [...]

Private home sales inch up; prices remain firm

URA data shows 4,000 units in 70 developments with pre-requisites for sale as at end-NovThe number of private homes sold by developers inched up 4.7 per cent to 593 units in November, up from 566 units in October.
The Urban Redevelopment Authority (URA) also revealed monthly property market data of transacted benchmark prices as well as [...]

MGPA leads foreign brigade of property buyers

Goldman Sachs, Europe’s SEB and Dubai World also make big purchases.
Investment sales of property have hit an all-time record of $50.8 billion so far this year - up 66 per cent from the whole of last year.
And for the first time, a foreign player has emerged as the biggest buyer - Macquarie Global Property Advisors [...]

Beach Road could be next prime hot spot

FORGET the Central Business District. Property investors priced out of prime zones but still hunting for a good buy should look to downtown’s upcoming hot spot - the Beach Road, Ophir-Rochor district.
This hotchpotch of an area - with old shophouses dotting its landscape, juxtaposed with towering modern office blocks - is set for a snazzy [...]