Nigel Property

21/01/2023

SINGAPORE: New private home sales fell for a third consecutive month in December, amid a lack of launches, interest rate volatility and the typical year-end lull in the market.

Excluding executive condominiums (ECs), developers sold 170 units in December, down from 260 the previous month, data from the Urban Redevelopment Authority (URA) showed on Monday (Jan 16). This was as the number of units launched for sale dropped to just 45.

20/01/2023

As we enter 2023, “stability” may be the word of the year. Buyers will continue to face uncertainties with the current inflationary landscape and rapidly changing interest rates. The spiralling cost of living and multiple cooling measures may further dampen the pace of price growth.

Record-setting home prices have emerged in the suburbs, with a growing number of new condominium units sold for over $2,000 per sq ft. Read more at straitstimes.com.

20/01/2023

SINGAPORE - Freehold sea-fronting Meyer Park has been relaunched for collective sale at a lower reserve price of $390 million after its two previous attempts closed without a sale.

The District 15 condo was first launched for collective sale on July 25 last year with a reserve price of $420 million. It was relaunched at the same reserve price on Oct 13, with the tender again closing on Nov 2 without a deal.