January 2020

By Charlene Chin/ EdgeProp Singapore|January 30, 2020 4:28 PM SGT Source: Colliers SINGAPORE (EDGEPROP) - Private residential prices in Singapore grew 2.5% in 2019, despite cooling measures imposed by the government in late 2018 and amid a subdued economy, and are forecast to grow 3% in 2020, according to research by Colliers International. The “record high” of housing supply from 2014 to...

By Cecilia Chow/ EdgeProp Singapore|January 28, 2020 4:43 PM SGT SINGAPORE (EDGEPROP) - In the Little India Conservation Area, a corner shophouse at 60 Upper Weld Road is now available for sale. Pearly Tan, associate marketing director of PropNex Realty and Ken Shi, key executive officer of Prop-Today. The corner shophouse on Upper Weld Road that's on the market for $7.5 mil (Photo: Pearly...

By EdgeProp Singapore / EdgeProp Singapore | January 24, 2020 8:01 AM SGT SINGAPORE (EDGEPROP) - The number of mortgagee sale listings in Singapore has seen a 61.1% jump y-o-y, from 391 in 2018 to 630 in 2019, boosted by more listings from the industrial, retail and residential segments. These findings were released in a Knight Frank market report on Jan 17. In 4Q2019, the number of auction listings...

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:53 PM SGT SINGAPORE (EDGEPROP) - URA’s statistics showed retail rents continued to improve in 4Q2019. Retail rents in the Central Region were 2.3% higher q-o-q, showing the same pace of growth as the previous quarter. For the full year 2019, retail rents for the Central Region were up 2.9% y-o-y, reversing the full year decline of 1.0% in 2018....

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:37 PM SGT SINGAPORE (EDGEPROP) - In 4Q2019, the office rental index in the Central Region registered a decrease of 3.2% q-o-q. This rental decline was steeper than the -0.6% q-o-q in 3Q2019, notes Desmond Sim, CBRE head of research for Southeast Asia. This brings the total office rental index to a 3.1% decline for the whole of 2019. “The...

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 6:10 PM SGT A 3 ½ storey conservation shophouse on Teo Hong Road in the Bukit Pasoh Conservation Area is on the market for sale. The 3 1/2 storey conservation shophouse at 21 Teo Hong Road in the Bukit Pasoh Conservation Area has a floor area of 5,000 sq ft and sits on a freehold site of 1,672 sq ft (Photo: PropNex Realty) The shophouse sits...

By Timothy Tay/ EdgeProp Singapore|January 23, 2020 5:26 PM SGT SINGAPORE (EDGEPROP) - HDB resale transactions rose 1.2% q-o-q in 4Q2019, from 6,264 transactions in the previous quarter to 6,339 transactions in 3Q2019. Compared to the same period a year ago, resale transactions last quarter are also 12.5% higher y-o-y.Last year also saw a recorded 23,714 resale HDB transactions, increasing 2.7% y-o-y....

By Timothy Tay/ EdgeProp Singapore|January 23, 2020 2:23 PM SGT The URA has released its property market statistics for 4Q2019. It reported that the overall price index of private residential properties increased by 0.5% q-o-q, compared to the 1.3% increase in the previous quarter. For the whole of 2019, prices of private residential properties increased by 2.7%, compared to the 7.9% increase in 2018....

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 6:16 PM SGT SINGAPORE (EDGEPROP) - A 2½ storey conservation shophouse at 52 Amoy Street has been put up for sale by expressions of interest (EOI). The 999-year leasehold property sits on a site area of 952 sq ft and has a floor area of 2,255 sq ft. Under the URA Master Plan 2014, it is zoned for commercial use. The 999-year leasehold conservation...

By Timothy Tay/ EdgeProp Singapore|January 17, 2020 11:40 AM SGT SINGAPORE (EDGEPROP) - The resale market began the year with profitable transactions at The Jade, a 99-year leasehold development on Bukit Batok Central Link, and Hillview Green, a 999-year development off Upper Bukit Timah.The most profitable transaction during the week of Dec 31 to Jan 7 was the sale of a 1,335 sq ft, three-bedroom unit...