SG PropertyHunter

09/12/2021

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.

https://www.edgeprop.sg/property-news/hyde-sees-new-high-3325-psf

02/12/2021

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

25/11/2021

SINGAPORE (THE BUSINESS TIMES) - Singapore recorded $5.2 billion in outbound real estate investment deals in the third quarter of this year, representing a 53.9 per cent growth from the $3.4 billion transacted in the same period last year, according to Real Capital Analytics data.

This was highlighted in a report by Knight Frank analysts on Tuesday (Oct 5). The analysts said that Singapore as a "key exporter of capital" made significant outbound deals such as the acquisition of One Town Centre, an office building in Florida, United States, for around $133.9 million by Prime US Reit in July this year, as well as the purchase of an office building in Barcelona, Spain, by IReit Global for about $43.1 million last month.

This represents a 53.9 per cent growth from the $3.4 billion transacted in the same period last year.. Read more at straitstimes.com.

18/11/2021

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.

18/11/2021

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.

18/11/2021

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.