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Foreign Buyers Show Resilience In The Luxury Condo Market

Foreign Buyers Show Resilience In The Luxury Condo Market

The cooling measures implemented in July 2018 may have lowered general home-buying demand, but foreigners appear to have been more resilient towards high-end condos, reported The Business Times, based on a report by ERA Research and Consultancy. The ERA report, which is based on data from the Urban Redevelopment Authority’s (URA) Realis, revealed that the quantity […]

Hong Kong residents eye apartments overseas as protests drag on

Hong Kong residents eye apartments overseas as protests drag on

HONG KONG (BLOOMBERG) – Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to […]

Ultra-luxury River Valley condo opens for previews

Ultra-luxury River Valley condo opens for previews

Previews start for the ultra-luxury Avenir condominium in the prime River Valley area at 6pm today. The freehold complex will have 376 units across two 36-storey towers, with two levels of basement parking, a 50m lap pool, a hydrotherapy pool and a bicycle park, among other facilities. Apartment sizes range from around 527 sq ft […]

Private home prices set to grow 2%: Fitch

Private home prices set to grow 2%: Fitch

Singapore private residential prices are projected to grow by around 2 per cent next year and in 2021, according to Fitch Ratings. The trajectory is about the same as this year’s, and down from last year’s nearly 8 per cent growth. “We expect home price growth to reflect the recovering real gross domestic product growth […]

Asia-Pacific real estate to draw more investors

Asia-Pacific real estate to draw more investors

Investment in Asia-Pacific real estate hit US$125 billion (S$169 billion) in the first nine months this year, up 10 per cent year on year, with a strong 2020 forecast. Mr Stuart Crow, JLL’s chief executive officer of capital markets in Asia-Pacific, said: “Over the next two years, we expect… Asia-Pacific to outperform Europe and the […]

Government keeps steady supply of private housing for first half of 2020 land sales programme

SINGAPORE – The Government has kept largely unchanged the amount of private residential housing under the government land sales (GLS) programme for the first half of 2020, in view of the supply overhang and as developers’ bids for land moderated after property cooling measures. “The Government will continue to monitor the property market closely and adjust the supply for future […]

New private home sales rebound in November amid supply glut: URA data

New private home sales rebound in November amid supply glut: URA data

SINGAPORE – Sales of new private homes picked up strongly in November despite the start of the year-end holiday period and amid a property glut, according to data released by the Urban Redevelopment Authority on Monday (Dec 16) Excluding executive condominiums (ECs), developers sold 1,147 units last month, 23.2 per cent more than 931 units in October […]

CDL calls for easing of curbs ‘to prevent Singapore property glut from worsening’

CDL calls for easing of curbs ‘to prevent Singapore property glut from worsening’

SINGAPORE (BLOOMBERG) – Singapore’s property glut is an unintended consequence of government measures to force developers to build and sell apartments quickly or face stiff penalties, according to City Developments Limited (CDL). The Republic’s second-biggest private home builder has come out swinging against a rule that imposes a levy on companies if they don’t complete […]

Changing tides of foreign buying

Changing tides of foreign buying

IN RECENT months, foreigners’ purchases of luxury condo units in Singapore, including penthouses, have made headlines in an otherwise subdued market. Yet, current foreign buying levels – in the year to date – are low compared with their peak years of 2007 and 2011, and have been since cooling measures were rolled out at the […]