SG Properties in Mind

12/12/2024

Developers sold 738 new private homes last month, excluding executive condos (ECs), according to URA data released on Nov 15. It marks an 84% m-o-m increase from the 401 units transacted in September and a 262% y-o-y jump from the 204 units sold in October 2023.

"Buyers are returning to the market after better economic growth and interest rate cuts boosted confidence and sentiments," says Lee Sze Teck, senior director of data analytics at Huttons Asia. The lower interest rate allows buyers to borrow more, improving their ability to purchase a new home.

With six new project launches in November, developer sales could hit 2,100 units this month – the highest since March 2013

05/12/2024

Emerald of Katong recorded strong sales over its launch weekend, with developer Sim Lian Group selling 835 of 846 units (98.7%) in two days. Its VIP sales on Nov 15 saw 401 units (47%) taken up, followed by another 434 units on Nov 16.

“It probably holds the record for the most number of units sold in a day, besting J'Gateway's 738 units in June 2013," says Mark Yip, CEO of Huttons Asia.

With close to 99% of units sold, the 846-unit Emerald of Katong is the top-selling project of 2024, both in terms of number of units and percentage sold on its launch weekend

28/11/2024

HOUSING and Development Board (HDB) resale prices accelerated in the third quarter of 2024, rising 2.5 per cent on robust demand amid still-tight supply conditions.

The rise in flat prices follows a 2.3 per cent hike in Q2, and is higher than the 1.3 per cent recorded in the same period last year, HDB flash estimates indicated on Tuesday (Oct 1).

HOUSING and Development Board (HDB) resale prices accelerated in the third quarter of 2024, rising 2.5 per cent on robust demand amid still-tight supply conditions. Read more at The Business Times.

21/11/2024

Condo resale prices rose 0.8% MoM and 4.4% YoY in September, 99. co and SRX reported.

Amongst submarkets, the Core Central Region (CCR) and Outside Central Region (OCR) recorded increases of 0.2% MoM and 1.2% MoM, respectively.

Year-on-year, all submarkets recorded price increases, led by OCR (5.5%), RCR (5.4%), and CCR (1.6%).

Condo resale prices rose 0.8% MoM and 4.4% YoY in September, 99. co and SRX reported.

21/11/2024

Developers sold 401 new private homes excluding executive condos (ECs) in September, based on data released by URA on October 15. This marks a 90% m-o-m increase over the 211 units transacted in August and an 84.8% y-o-y growth over the 217 units sold in September 2023.

According to Lee Sze Teck, senior director of data analytics at Huttons Asia, the rebound in private home sales was largely due to the resumption of new project launches following the lunar seventh month – a period seen by some as an inauspicious time to purchase a home.

Developers sold 401 new private homes, excluding executive condos (ECs), in September.

21/11/2024

BUYING sentiment in Singapore’s private housing market appears to have revived in the third quarter of this year, on the back of lower interest rates and ahead of a slew of new launches, said analysts.

While overall prices of private residential properties showed a 0.7 per cent dip in Q3, home sales picked up in the quarter after months of record-low volumes, data from the Urban Redevelopment Authority (URA) showed on Friday (Oct 25).

BUYING sentiment in Singapore’s private housing market appears to have revived in the third quarter of this year, on the back of lower interest rates and ahead of a slew of new launches, said analysts. Read more at The Business Times.

01/11/2023

SINGAPORE – Prices of resale condominiums inched up in September, despite a slump in transactions amid the Hungry Ghost month seasonal lull.

A unit at Goodwood Residence in Newton was sold for $32 million, the highest transacted price in September. Read more at straitstimes.com.

01/11/2023

The condo resale market has always been a dynamic one, reflecting the pulse of the real estate sector. This September, we observed a peculiar trend: a slight increase in condo resale prices despite a significant drop in the resale volume.

Review the data collected on the condo resale prices that happened throughout September 2023 and what factors contributed to them here.

01/11/2023

SOME executive condominium (EC) homeowners in the suburbs or Outside Central Region (OCR) continued to score solid gains in the third quarter of 2023, with properties changing hands for nearly double their original prices.

SOME executive condominium (EC) homeowners in the suburbs or Outside Central Region (OCR) continued to score solid gains in the third quarter of 2023, with properties changing hands for nearly double their original prices. Read more at The Business Times.

03/05/2022

Both developments are on collective sale sites. The Gazania is a redevelopment of the former Sun Rosier, while The Lilium sits on the site of the former How Sun Park. They are close to the Bartley MRT Station on the Circle Line.

About half of the total units in each development are expected to be launched for sale initially. The average selling price for both projects is expected to be about $2,000 psf

26/04/2022

Singapore ranks fifth in Knight Frank’s 2021 list of the most expensive residential markets in the world, and is slowly narrowing the gap with New York.

22/04/2022

SINCE the onset of the pandemic, Singapore has been a beacon of stability.

The nation's pandemic response earned high praise from the World Health Organisation and the International Monetary Fund due to its robust economic policy framework that enabled the authorities to mount a coordinated and comprehensive policy response, with fiscal policy acting as a first line of defence.

SINCE the onset of the pandemic, Singapore has been a beacon of stability. Read more at The Business Times.