Property News
Bringing You The Latest Property News In Singapore
Condo resale volume up 17% in March
Resale of private non-landed homes shot up 17 per cent from February to March although prices barely moved, according to flash data yesterday. But the year-on-year numbers are far more sobering: Transactions were down 13 per cent on the same month last year and 21 per...
China’s housing market springs back to life as sales in 30 major cities triple with coronavirus crisis abating
China’s private housing market is springing back to life as more sales offices reopened across the country following a nationwide shutdown, saving home builders from a deeper financial slump this year. Transactions in at least eight large cities – Shenzhen, Chengdu,...
The Cairnhill enclave: Where prices have outperformed the general luxury segment
How does one describe Cairnhill? Is it an area that covers just roads or streets that begin with that name? Or is it larger than that, like an enclave? The dictionary defines the word “enclave” as an area that is different from the larger area or country surrounding...
One Pearl Bank: A gem for investors
Buying a property is only half the battle fought. Property buyers and investors are well-acquainted with the next part: getting the home move-in ready. Renovation and fitting out the house constitute a time-consuming project, involving frequent checks on contractors...
How the Resilience Package could help the SG property market
To cushion the Covid-19 blow, the Singapore government just put together a massive $55 billion stimulus package called the Resilience Package. That’s the second biggest amount we’ve seen since the 2009 Global Financial Crisis. To put things in perspective, $55 billion...
OLA EC’s 30% sales over the weekend may become new reality as Covid-19 looms over project launches
OLA executive condo’s (EC) sales over the weekend of March 21 and 22 may be a bellwether for other projects in the new world order under the spectre of the pandemic. Sales at the Spanish-themed EC, located at Anchorvale Crescent, amounted to 167 units, which...
Covid-19 may amplify attractiveness of Singapore’s real estate market
As more cities and countries get locked down to stem the spread of Covid-19, anecdotal evidence is that some wealthy individuals see Singapore as a safe haven — certainly one that is worth flying into Seletar Airport on a private jet, even if it means a 14-day...
New private home sales in Singapore jumped 57.3 per cent in February
Singapore’s new home sales in February surged more than 114 per cent from a year ago, defying the coronavirus outbreak and a looming global recession. Posting the second-strongest February sales performance in eight years, developers moved 975 private homes – up 57.3...
Around 600 People Visited Tedge Showflat Despite Virus Concerns
Tedge, Macly Group’s mixed-development project in District 14, attracted around 600 people during its first weekend of opening its showflat on 29 February and 1 March despite COVID-19 concerns. “We are very encouraged by the response of the visitation of the showflat...
Gov’t To Invest $60bil For Renewal And Expansion Of Rail Network
After experiencing several high-profile rail operations disruptions, the government will invest over $60 billion in the renewal and expansion of its rail network in the next decade. “The hard lesson learnt by the problems earlier faced by SMRT is that we must invest...
Singaporeans Are Optimistic With The Current Real Estate Market: PropertyGuru Study
Despite the muted economy outlook, Singaporeans are more optimistic and satisfied with the property market, according to the latest findings in PropertyGuru’s H1 2020 Consumer Sentiment Study, a half-yearly poll which measures consumer perceptions of the local...
Singapore’s residential sector will be a buyer’s market in 2020: CBRE
Overall, CBRE expects Singapore’s property market to remain resilient despite macroeconomic headwinds. This is highlighted in CBRE’s report “Real Estate Market Outlook 2020 - Singapore”, which gives projections for the property sectors of residential, office, retail,...
Wallich Residence penthouse sold at record high
At Wallich Residence, the tallest skyscraper in Singapore at 290m above sea level, prices have soared to new heights, defying both gravity and the coronavirus, it seems. That feat was achieved by a Taiwanese businesswoman who paid $17.5 million in January for a 3,509...
Long-term property investor sentiment positive amid virus outbreak
Despite macroeconomic challenges and the highly unpredictable nature of the coronavirus outbreak, longer-term investor sentiment remains “extremely positive”, says Stuart Crow, CEO of capital markets in Asia Pacific at JLL. “We foresee investor strategies becoming...
Colliers outlines real estate opportunities by referencing trends during SARS outbreak
To assess how Singapore’s real estate markets will be impacted due to the ongoing virus outbreak, Colliers International’s new research report references market performance during the SARS outbreak in 2003. That year, Singapore’s economic growth saw a 0.3% y-o-y...
Easing Singapore property curbs not on radar: DPM Heng
SINGAPORE has no immediate plans to ease property curbs, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Wednesday, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five...
Bukit Sembawang sells nearly two-thirds of homes at Luxus Hills’ final phase
Real estate developer Bukit Sembawang Estates Limited on Friday said it has sold 25 out of the 39 units at the Luxus Hills (Contemporary Collection) following private previews. The Contemporary Collection is the final phase of Bukit Sembawang’s 999-year leasehold...
Survey: Property seekers still keen despite COVID-19
SINGAPORE Feb 21 -- Property seekers in Singapore are still open to buying property despite the COVID-19 outbreak. Of the 177 respondents to EdgeProp’s Property Ownership Survey in response to the coronavirus conducted on Feb 7, 2020, 38.4% said they are looking to...
New home sales in January up amid global economic uncertainty
New home sales held their own in January amid the volatile global economic climate and the coronavirus outbreak in the latter part of the month. Developers sold 618 private homes - up 14.9 per cent from the 538 moved in December, and 41 per cent ahead of the 437 units...
Virus’ impact on new home sales expected to be short-term; demand could pick up in H2
Given the ongoing Covid-19 outbreak and the hit it will have on the economy, many developers are fearful of the impact on the volume of new private home sales - and on their pricing power. Property consultants expect some short-term impact on sales volume, but most...