SG Direct Developer Sales

01/12/2021

SINGAPORE(THE BUSINESS TIMES) - In line with the economy's broad recovery, rents and prices of industrial space in Singapore rose for the fourth straight quarter, while delays in completion persisted.

Occupancy in the July-September period was flat over the previous quarter at 90.1 per cent, although it improved by a mild 0.5 percentage point on a year-on-year basis, according to JTC Corp's latest market report on Thursday (Oct 28).

The rental index of all industrial properties rose 0.7 per cent from the second quarter. Year on year, rents grew 1.9 per cent.

Rents and prices of industrial space rose for another quarter, while delays in completion persisted.. Read more at straitstimes.com.

24/11/2021

SINGAPORE (EDGEPROP) – In this column, we look at condominium projects that have achieved new highs in terms of psf price and those that have seen new lows, based on URA Realis data for the period of Oct 11 to 16.
Read also: Le Nouvel Ardmore sees new high of $4,906 psf

New highs

The highest-price transaction recorded on a psf basis was for a 947 sq ft unit at The Hyde. On Oct 16, the three-bedroom, two-bathroom apartment on the eighth floor changed hands at $3.15 million, or $3,325 psf.

The Antares, a 99-year leasehold development at Mattar Road in District 14, has seen a new low in terms of psf price.

17/11/2021

SINGAPORE (EDGEPROP) - Niche developer Kimen Group announced that 103 out of a total of 105 units released at its maiden project Jervois Mansion had been sold as of Oct 16. This brings sales to 98%. The developer is retaining the remaining 25 units in the 130-unit low-rise condo for investment. (Read more: Jervois Mansion – most affordable CCR project launch of the year?)

Of the 103 units sold, 29 were taken up during the VIP preview a fortnight ago. Based on caveats lodged with URA Realis to date, these fetched an average price of $2,346 psf at the VIP preview from Sept 30 to Oct 4.

On the day of its official launch on Oct 16, units were sold from $2,241 psf to a high of $2,898 psf. The price was achieved for an 861 sq ft, two-bedroom-plus-guest unit on the penthouse level (fifth floor) that was snapped up for just under $2.5 million.

A total of 103 out of 105 units released at Jervois Mansion sold as of Oct 16, bringing sales to 98%. The developer is holding back 25 units as an investment

10/11/2021

SINGAPORE - Singapore’s private home prices rose at a faster rate in the third quarter despite retightened Covid-19 restrictions, driven by the surge in landed property sales and prices, and the knock-on effects of the red-hot Housing Board resale market.

Private property values climbed 1.1 per cent from the previous quarter, according to data from the Urban Redevelopment Authority (URA) on Friday (Oct 22). This was up from a 0.8 per cent rise in the second quarter, and came after a 3.3 per cent gain in the first quarter.

The increase was also slightly above the flash estimate of a 0.9 per cent rise. Year on year, prices rose 7.5 per cent and were up 5.3 per cent to date this year.

Private home prices are also feeling the knock-on effects of the red-hot HDB resale market.. Read more at straitstimes.com.

10/11/2021

SINGAPORE - Housing Board resale prices rose from September to October despite fewer units sold, flash data showed on Thursday (Nov 4).

Prices were 0.9 per cent higher in October, marking the 16th straight month of increases. Hikes were seen in both mature and non-mature estates and across all flat types.

There were 2,505 HDB resale transactions, down 0.6 per cent from the 2,518 units sold in September, according to real estate portal SRX.

Prices were 0.9 per cent higher in October, marking the 16th straight month of increases.. Read more at straitstimes.com.

29/12/2020

Of the total sales registered in the first nine months of 2020, 260 units were snapped up by foreigners. Buyers from China or Hong Kong accounted for 75% of foreign buyers.

22/12/2020

In Singapore, Chinese buyers accounted for nearly 25% of the total foreign property acquisitions during the first three quarters of 2020, showed Cushman and Wakefield data.

15/12/2020

The extension from 31 December to 31 March 2021 seeks to help residential, industrial and commercial property buyers affected by the pandemic.

08/12/2020

In Q3 2020, property prices in Singapore climbed 0.8% to their highest level since 2013, while sales volume surged to a two-year peak, showed the latest data.

The government cautions Singaporeans from the lure of cheap mortgages, and to remain prudent "given the labour market uncertainties in the current economic situation".

01/12/2020

Maybank’s economists attributed Singapore and Vietnam’s more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.

Maybank’s economists attributed Singapore and Vietnam's more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.

30/10/2020

The private home market continues to defy gravity amid the pandemic, with last month’s sales up for a fifth straight month to hit levels not seen for more than two years.

Year on year, sales rose 4.6% from 1,270 units in September 2019, excluding ECs. Read more at straitstimes.com.