2020

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...

By Charlene Chin/ EdgeProp Singapore|January 17, 2020 11:38 AM SGT The freehold detached home comprises five bedrooms, a study room, a utility room and a swimming pool (Credit: Edmund Tie) A 2 1/2 storey freehold detached home along Lily Avenue, off Sixth Avenue and Bukit Timah Road in District 10, will be put up for auction on Feb 26 at a guide price of $8.9 million ($1,860 psf). This is an...

By Timothy Tay/ EdgeProp Singapore|January 17, 2020 3:37 PM SGT SINGAPORE (EDGEPROP) - The owners of Wing Fong Court at 10 Lorong 14 Geylang have launched the collective sales tender for the freehold development, announced marketing agent PropNex Realty. The reserve price of the 88-unit Wing Fong Court is $108 million. This translates into a land rate of about $997 psf per plot ratio (ppr), based on...