Homey Homes, 229 mountbatten Road, Singapore (2026)

11/01/2023

Private residential property rents hit a record high in 2022, surpassing the previous peak in 2013.

An index tracking rents in the sector was 23.9 per cent higher in the July-to-September quarter of 2022 compared with the same period in 2021 and 16.7 per cent ahead of that 2013 benchmark, noted the Urban Redevelopment Authority.

Analysts say limited supply and rising demand from foreigners mean landlords are now calling the shots. Read more at straitstimes.com.

11/01/2023

PRIVATE residential property prices inched up 0.2 per cent in the fourth quarter of 2022 after growing 3.8 per cent in the third quarter, finishing the year with a rise of 8.4 per cent, compared to the 10.6 per cent increase in 2021

PRIVATE residential property prices inched up 0.2 per cent in the fourth quarter of 2022 after growing 3.8 per cent in the third quarter, finishing the year with a rise of 8.4 per cent, compared to the 10.6 per cent increase in 2021. Generally, analysts are expecting a slower price growth this year....

11/01/2023

MANY are unaware that spot Sora, or the daily overnight rate, has been trending down below 3 per cent in recent weeks. On some days, it even dropped below 2 per cent.

MANY are unaware that spot Sora, or the daily overnight rate, has been trending down below 3 per cent in recent weeks. On some days, it even dropped below 2 per cent. Read more at The Business Times.

11/01/2023

SINGAPORE’S private residential market will remain resilient in 2023, with the city fringe, or Rest of Central Region (RCR), leading the way in price performance and new launches, say analysts.

This expected resilience in property prices could make Singapore an outlier among major global cities, as the likes of London and Hong Kong grapple with falling prices in reaction to central banks aggressively hiking interest rates.

SINGAPORE’S private residential market will remain resilient in 2023, with the city fringe, or Rest of Central Region (RCR), leading the way in price performance and new launches, say analysts. Read more at The Business Times.

11/01/2023

Prices of resale condominium units climbed for the 28th straight month in November, while the number of units sold dropped further following the latest property cooling measures.

Condo resale prices rose at a quicker pace of 1.1 per cent compared with October’s 0.3 per cent, according to flash figures from real estate portals 99.co and SRX released on Tuesday.

Compared with November 2021, prices were up by 10.8 per cent, with those in the city fringe rising the most at 12.2 per cent, data showed.

https://www.straitstimes.com/business/property/condo-resale-prices-rise-for-28th-straight-month-in-nov-up-by-11

Property analysts attributed the continuous price gain to the lack of new launch condos and low stock. Read more at straitstimes.com.

11/01/2023

Despite two rounds of property market cooling measures in the past 12 months, residential housing prices have not fallen. Given that their inventory of unsold housing units is diminishing in the face of strong demand, developers are unlikely to lower prices at their property launches in the near future, said Mak.

THE stock of unsold private housing under construction has been dropping for nine straight quarters to a 15-year low, and is not expected to increase in the new year. Read more at The Business Times.

11/01/2023

HDB resale flat prices grew at a slightly faster pace of 0.6 per cent in November compared with October’s 0.5 per cent, according to flash data from real estate portals 99.co and SRX on Thursday.

Prices were up 10 per cent year on year.

https://www.straitstimes.com/singapore/housing/hdb-resale-flat-prices-rise-for-29th-straight-month-in-nov-fewer-million-dollar-flats-sold

Prices were up 10 per cent year on year. Read more at straitstimes.com.

11/01/2023

October marks the 22nd straight month of growth for condo rents and the 28th for HDB rents – the longest streak for both markets.

October marks 22nd straight month of growth for condo rents and the 28th for HDB rents. Read more at straitstimes.com.

09/11/2022

Prices of resale condominium units increased at a slower pace in October, with fewer units changing hands in a knee-jerk reaction to the latest property cooling measures.

Condo resale prices rose by 0.3 per cent compared with September’s 1 per cent, according to flash figures from real estate portals 99.co and SRX released on Tuesday. This marks the 27th straight month of growth.

https://www.straitstimes.com/business/property/condo-resale-prices-rise-03-in-oct-fewer-units-sold-following-latest-cooling-measures

Resale volume down by 11.6 per cent, with an estimated 1,240 units changing hands. Read more at straitstimes.com.

08/11/2022

Singapore can absorb record inflows of new money, the central bank chief said, allaying concerns of a real estate bubble even as rents and prices surge to unprecedented highs.

The Asian financial hub attracted $448 billion in 2021, 15.8 per cent higher than the previous year, the latest data from the Monetary Authority of Singapore (MAS) shows.

Singapore attracted $448 billion last year, 59 per cent higher than the previous year, the latest MAS data show. Read more at straitstimes.com.

08/11/2022

Private home prices in the third quarter grew at a faster pace of 3.8 per cent despite rising interest rates, as strong sales at new benchmark prices set by suburban launches fuelled price strength in the non-landed segment.

Data released by URA on Friday showed that the increase in the overall private home price index for the 10th straight quarter was led by non-landed properties, whose prices rose by 4.4 per cent after a 3.6 per cent jump in the prior quarter.

But overall, for the first nine months of 2022, private home prices jumped 8.2 per cent, up from a 5.3 per cent gain in the same period in 2021.

Over the past nine months, rents soared by 20.8 per cent due to delays in construction completions and an influx of residents and workers as border restrictions eased, said Mr Lam Chern Woon, head of research and consulting at Edmund Tie.

The price growth was higher than URA's flash estimate of 3.4% and up from a 3.5% gain in the second quarter. Read more at straitstimes.com.

08/11/2022

With effect from Jan 18, 2023, all flats and condominiums within the central area, as well as the residential component of commercial and mixed-use developments, will be required to provide a minimum of 20 per cent of dwelling units with a nett internal area of at least 70 sq m, the Urban Redevelopment Authority said.

SINGAPORE - A new guideline was introduced on Tuesday to curb the proliferation of shoebox units in non-landed private residential projects in the central area, and to ensure there will be sufficiently large units built to encourage more families to move there. Read more at straitstimes.com.

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