News

Private residential sales fall 58% in December; 650 new units sold

Singapore (Edgeprop) - Developers sold 650 new residential units (excluding executive condos or ECs) in December 2021 - a decline of 58% from the 1,547 units sold in November.Including ECs, new home sales fell by 55.4% m-o-m, from 1,611 units sold in November, to 719 units in December.Compared to 2020, new sales excluding ECs declined by 46.6% y-o-y from 1,217 units.Consultants say the lower sales volume...

Singapore real estate investment in 2021 totals $25.8 billion, up 5.3% y-o-y

SINGAPORE (EDGEPROP) - According to the latest quarterly investment report by Knight Frank Singapore, the last quarter of 2021 raked in $7.3 billion worth of real estate investment volume. This brought the total investment volume for the entire year to $25.8 billion and is a 5.3% y-o-y increase from the $24.5 billion that was recorded in 2020.The bulk of investment transactions in 4Q2021 came from the...

Private home prices spike 10.6% y-o-y in FY2021, highest yearly increase in 10 years

SINGAPORE (EDGEPROP) – The private residential market saw a surge in home prices last quarter, jumping 5% q-o-q according to the latest flash estimate of the price index by the Urban Redevelopment Authority.The latest quarterly report is a sharp increase compared to the 1.1% q-o-q increase that was registered by the private residential market in 3Q2021.For the whole of 2021, the price index for the...

HDB prices spike 12.5% y-o-y in 2021, first double-digit growth in 10 years

Singapore (Edgeprop) - For the whole of 2021, HDB resale prices spiked 12.5% y-o-y, clocking double-digit growth since 2011 when prices increased by 10.7% y-o-y. HDB resale prices increased by 3.2% q-o-q in 4Q2021, compared to the 2.9% q-o-q growth recorded in the preceding quarter. This is also the seventh consecutive quarterly increase recorded by the market.In general, the performance of the HDB...

Fear of missing out and talk of cooling measures nudge new home sales up 32.2% in Jan 2021

Singapore (Edgeprop) – Private residential sales figures for January 2021 show that developers sold 1,609 homes excluding Executive Condominiums (ECs). This is a 32.2% m-o-m increase from the 1,217 units sold in December 2020, and a 159.5% increase from the 620 units shifted in January 2020.According to Tricia Song, head of research for Singapore at Colliers International, the latest surge in developer...

Prices of HDB resale flats in 4Q2020 increase 3.1% q-o-q

SINGAPORE (EDGEPROP) - Prices of HDB resale flats rose for its third consecutive quarter in 4Q2020, increasing by 3.1% q-o-q, according to HDB public housing data. In 4Q2020, a total of 7,642 HDB resale units changed hands, which was 1.9% lower than the 7,787 units transacted in 3Q2020. However, the transaction volume in 4Q2020 was 20.6% higher y-o-y, based on HDB data. “Against a backdrop of the worst...

Prices of private homes in Singapore rise 2.1% q-o-q in 4Q2020

SINGAPORE (EDGEPROP) - Prices of private residential properties increased by 2.1% in 4Q2020, compared with the 0.8% increase in the previous quarter, according to URA data.For the full-year 2020, prices of private residential properties increased by 2.2%, compared with a 2.7% increase in 2019. The price increase in residential properties was mainly driven by non-landed properties in the Rest of Central...

Pinnacle@Duxton resale prices soar above $1.25 mil

SINGAPORE (EDGEPROP) - High-floor units at the iconic Pinnacle@Duxton dominated the top 10 HDB resale deals in 2020, claiming seven spots on the list. The sales of five-room units at Natura Loft in Bishan and at City View @ Boon Keng were also among the top HDB resale transactions in 2020. The record HDB resale transaction of 2020 was the sale of a 1,151 sq ft, five-room unit at Block 1B at...

7,800 BTO flats will be offered in August 2020

SINGAPORE (EDGEPROP) – Some of the 3,700 BTO flats that were originally scheduled for May in Choa Chu Kang, Tengah, Pasir Ris and Tampines will be combined with August’s launch. The deferment was a result of the closure of non-essential workplaces such as construction sites. As a result, HDB will offer about 7,800 flats in Ang Mo Kio, Bishan, Choa Chu Kang, Geylang, Pasir Ris, Tampines, Tengah and...

Transaction volume by foreign home buyers fall 26.1% in 1Q2020

SINGAPORE (EDGEPROP) - Based on the residential status of homebuyers in Singapore, the number of foreign home purchasers have fallen the most by 26.1% to 215 units in 1Q2020, compared to other statuses, according to Edmund Tie’s Private Homes Report for June 2020.Transaction volumes by Singaporeans and Singapore Permanent Residents (PRs) decreased by 12.5% and 10.5% respectively in 1Q2020. Source: URA...