Houzez

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 private...

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...

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 sales...

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...

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...

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 Woodlands in...

SINGAPORE (EDGEPROP) – Global nomads who have been grounded during the lockdown are looking forward to Singapore’s “green lanes” or “Covid-19 safe air corridor”. “Once travel resumes, activity will return,” says Jacqueline Wong, executive director and head of The Private Office at Savills Singapore. Wong: Those who have already landed in Singapore are shopping for ‘good deals. And...

SINGAPORE (EDGEPROP) – The government has announced additional rental waiver for tenants who are small and medium sized enterprises (SMEs), particularly those who have seen revenue drop at least 35% in April and May. “The extra rental waiver is a much needed boost to tenants who have been severely affected by the extended circuit breaker, especially for retail and F&B tenants who are still...

SINGAPORE (EDGEPROP) – During the “circuit breaker” period, eight units were sold at the Martin Modern luxury condo development by GuocoLand. This brings the total tally of units sold to 401 out of 450 units in the twin 30-storey development, which translates to a take-up rate of 89%. One of the purchases made just before the start of the circuit breaker was by a South Korean national. She...

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