The HDB resale price index in Singapore increased by 1.5% in the second quarter of 2023, following a 1% increase in the first quarter. This marks the 13th consecutive quarter of rising prices in the public housing market. While prices have continued to rise, the pace of growth has slowed compared to last year's average quarterly growth of 2.5%. Executive flats saw a price increase of 2.3%, while five-room...
The office rental market in Singapore's Central Region has experienced slower growth in the second quarter of 2023, following two-quarters of strong growth. The average monthly rents for Grade-A offices in the CBD have flattened out, indicating a cooling market. Economic uncertainty and cautious occupiers have led to a slowdown in leasing activity, with many opting to renew or downsize to manage costs....
Over the weekend of July 29-30, three new property projects were previewed in Singapore. The first is TMW Maxwell, a mixed-use development with 324 residential and 11 commercial units. It is located in Tanjong Pagar and is expected to attract homebuyers who enjoy the city and urban lifestyles. The second project is Orchard Sophia, which has 78 residential units on Sophia Road. Lastly, The Arden is a...
SINGAPORE (EDGEPROP) - A freehold conservation shophouse at 31 Niven Road, in the Mount Sophia area in District 9, is up for sale through an expression of interest (EOI) exercise with a guide price of $5.2 million, or $4,163 psf on the land area. The property sits on land designated for residential use and is newly renovated, says marketing agent Huttons Asia. The shophouse has a land area of 1,249 sq ft,...
SINGAPORE (EDGEPROP) - Over the weekend of May 6-7, joint developers Hoi Hup Realty and Sunway Property sold 216 units (26.5%) of their 816-unit freehold condominium, The Continuum. The average price of units sold at the project on Thiam Siew Avenue -- just off Haig Road and Tanjong Katong Road -- was $2,732 psf. "It's a strong showing considering the recent cooling measures and cloudy economic outlook,"...
SINGAPORE (EDGEPROP) - HDB has announced changes to its processes for assessing flat buyers’ incomes and eligibility for housing subsidies, effective May 9. The changes come in tandem with the introduction of a new HDB flat eligibility (HFE) letter to replace the existing HDB loan eligibility letter. The HFE letter informs flat buyers upfront about their eligibility for a new or resale flat purchase, as...
SINGAPORE (EDGEPROP) - Commercial real estate investment activity in Asia Pacific (Apac) clocked in at US$27 billion ($36 billion) in 1Q2023, according to data compiled by global real estate consulting firm JLL. This represents a 30% y-o-y drop compared to 1Q2022. The fall in investment volume follows interest rate headwinds and asset price adjustments, states JLL. “The market continues to be...
SINGAPORE (EDGEPROP) - Knight Frank’s Prime International Residential Index 100 (PIRI 100), which tracks and analyses prime price performance in 100 cities and second home markets worldwide, increased by 8.4% in 2021, up from 2% in 2020, according to the real estate consultancy’s annual The Wealth Report. This is the highest annual increase in the value of the index since it was launched in...
SINGAPORE (EDGEPROP) - HDB will offer to buy back public housing flats from owners who face difficulties in selling due to the Ethnic Integration Policy (EIP) quotas.
SINGAPORE (EDGEPROP) - Property developers sold 527 private residential units (excluding executive condos) in February, a 22.5% m-o-m drop from January’s 680 units, according to URA. On a y-o-y basis, it is an 18.3% drop from 645 units in February 2021.“February is traditionally a slow month as the Lunar New Year tends to fall in this month,” notes Lee Sze Teck, Huttons Asia senior director of...
Compare listings
Compare