Branksome Bungalow

04/12/2020

DEVELOPERS are getting a much-needed boost to their land inventory with an increase in the supply of residential units for the first-half 2021 government land sales (GLS) programme.

This comes as the supply of dwelling units has risen by 17.2 per cent for confirmed list sites in the latest GLS programme announced by the Ministry of National Development (MND) on Thursday morning. (see Amendment note)

Huttons Asia’s director of research Lee Sze Teck said this marks the first significant increase in the supply of units since the second half of 2017. He added that the increase in supply is a response to healthy demand in the market.

Read more....

THE government has raised the supply of dwelling units by 17.2 per cent for the first-half 2021 government land sales (GLS) programme, the Ministry of National Development (MND) said on Thursday morning. Read more at The Business Times.

16/09/2020

Hungry Ghosts were no match for hungry homebuyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes.

This is up 16.3 per cent from the 1,080 private homes sold in July.

Year on year, sales were up 11.8 per cent from 1,123.

Instead of slowing during the typically quiet Hungry Ghost month, new home sales surged for a fourth straight month amid Singapore's worst recession.

Read more ......

Hungry Ghosts were no match for hungry homebuyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes. This is up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were up 11.8...

10/09/2020

"Last month's new home sales defied gravity amid the pandemic, rising unemployment rate, Hungry Ghost month and cooling measures," said Ms Sun.

New home sales seem to be driven by domestic demand where Singaporeans formed the bulk of purchasers (84.7 per cent) for the 1,223 new non-landed private homes sold last month, she noted.

For many Singaporeans, residential properties may still be a "safer bet" especially for investors who are looking for stable returns during times of economic uncertainty.

"Properties in Singapore generally have a good track record of yielding attractive capital appreciation over the past 30 years, especially for new projects that are well-located, possess good product attributes and built by renown developers," said Ms Sun. "The low-interest rates have also provided some support for the property market as the borrowing cost or mortgages are now more affordable for new borrowers."

Read more......

https://www.businesstimes.com.sg/real-estate/august-new-home-sales-surge-to-11-month-high-on-pent-up-demand

PENT-up demand continues to drive new home sales with 1,227 units sold in Singapore in August, an 11-month high with confident buyers pushing prices upwards amid worsening economic conditions and rising unemployment. Read more at The Business Times.

01/06/2020

Investors should take a long-term view in any property investment. Singapore will continue to be a top investment destination and a safe haven for investors.

Despite the current economic slowdown, basic fundamentals that have attracted foreign investors all these years – such as the ease of doing business, transparency, safety and political stability – will likely remain unchanged.

A silver lining in the COVID-19 cloud lies in Singapore’s track record, where the private property market regularly recovers after every economic crisis.

Private properties have generally yielded positive capital appreciation over the past 30 years. Based on URA’s price index, prices of properties have risen across all market segments and weathered through some of the toughest crises including SARS, the Asian financial crisis and the global financial crisis.

Read more.... https://www.channelnewsasia.com/news/commentary/singapore-private-property-market-outlook-viewing-price-index-12783760

01/05/2020

Thank you Front Liners for your selfless contribution during this Crisis.

Happy Labour Day

17/02/2020

SINGAPORE - A spurt of buying by foreigners and new launches helped buoy Singapore's property market in January, with developers moving 618 private homes in January, up 14.9 per cent from 538 in the previous month.

Developer sales were up 41 per cent from 437 units sold a year ago, marking the highest January sales in seven years, Urban Redevelopment Authority data showed on Monday afternoon (Feb 17). The figures exclude executive condominiums or ECs.

Foreign buyers, new launches boost January new home sales to highest for month in 7 years

SINGAPORE - A spurt of buying by foreigners and new launches helped buoy Singapore's property market in January, with developers moving 618 private homes in January, up 14.9 per cent from 538 in the previous month.. Read more at straitstimes.com.

02/07/2019

SINGAPORE — Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high.

This is based on second quarter flash estimates published on Monday (July 1) by the Urban Redevelopment Authority (URA).

Read more ....

SINGAPORE — Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high. This is based on second quarter flash estimates published on Monday (July 1) by the Urban Redevelopment Authority (URA).

31/12/2017

Happy new year everyone!!!

09/08/2017

Happy Birthday Singapore!
祝新加坡生日快乐!
Selamat Hari Jadi Singapura!
பிறந்தநாள் சிங்கப்பூர்!

Preeminent Group wishes all Friends, Family & Clients happy holidays. It feels great to be a part of SINGAPORE.
MAJULAH SINGAPURA! 🇸🇬