SG properties

12/10/2022

Despite property cooling measures implemented last December and interest rate hikes, the number of luxury condo purchases by foreigners has returned to pre-pandemic levels.

Mainland Chinese buyers represented the biggest group of foreign purchasers that acquired luxury condos.

12/10/2022

Wealthy Chinese nationals have been the top foreign buyers of expensive private properties in Singapore this year as the country reaps the benefits of post-pandemic reopening and a relatively strong currency, despite tax increases.

SINGAPORE: Wealthy Chinese nationals have been the top foreign buyers of expensive private properties in Singapore this year as the country reaps the benefits of post-pandemic reopening and a relatively strong currency, despite tax increases. Buyers from China accounted for about one-fifth of the 42...

12/10/2022

The most profitable transaction recorded during the week of Sept 20 to 27 was for a penthouse unit at Duo Residences. The seller reaped a profit of $2.14 million on the 4,392 sq ft apartment when it was sold for $11.48 million ($2,613 psf) on Sept 20. The apartment had been purchased for $9.34 million ($2,127 psf) in November 2016. This means the seller made a 23% gain over a period of nearly six years.

The sale marks the most profitable resale transaction recorded for Duo Residences, based on data compiled by the EdgeProp Research tool. It also marks the highest psf price recorded for a resale transaction at the development, based on caveats lodged.

The 4,392 sq ft apartment was sold for $11.48 million ($2,613 psf) on Sept 20.

02/06/2022

Prices of resale condominium units edged up for the 20th straight month in March, with the number of transactions also picking up after falling for six consecutive months.

Compared with March last year, prices are up by 9.7%, data shows. . Read more at straitstimes.com.

26/05/2022

The most profitable resale deal in the week of April 19 to 26 was the sale of a 1,518 sq ft, freehold four-bedroom apartment at The Sea View. It changed hands for $3.3 million ($2,150 psf) on April 21. The fourth-floor apartment was initially purchased for $1.1 million ($735 psf) in November 2006. Thus, the seller reaped a profit of $2.1 million (193%), translating to a 7.2% annualised profit over a period of 15½ years.

The top two most profitable deals in the week of April 19 to 26 are both located in District 15, namely The Seaview and The Makena

19/05/2022

In the week of April 16 to 22, the highest transaction recorded on a psf basis was for a two-bedroom unit at Kopar At Newton, which was sold by the developer for $1.86 million or $2,703 psf, on April 21. The 689 sq ft unit sold is located on the 19th floor. The new psf price high marks the first time the development has crossed the $2,700 psf threshold.

The new psf price high marks the first time Kopar At Newton has crossed the $2,700 psf threshold.

12/05/2022

Singapore home sales rebounded last month, signaling that demand is holding up even as the city-state seeks to cool a residential property boom.

12/05/2022

City Developments (CDL) and MCL Land announced that their maiden joint venture project, Piccadilly Grand at Farrer Park, sold 315 units at the close of May 8. That reflects a take-up rate of 77% for the 407-unit project.

Units sold ranged from $1.06 million ($2,190 psf) for a one-bedroom unit to $3.676 million ($1,798 psf) for a 2,045 sq ft, five-bedroom premium unit. The project achieved average prices of about $2,150 psf, which has set a new benchmark for District 8.

Units sold ranged from $1.06 million ($2,190 psf) for a one-bedroom unit to $3.676 million ($1,798 psf) for a 2,045 sq ft, five-bedroom premium unit.

12/05/2022

CONDOMINIUM resale prices in Singapore are up for the 21st straight month to rise 0.7 per cent in April, as compared to prices in March.

CONDOMINIUM resale prices in Singapore are up for the 21st straight month to rise 0.7 per cent in April, as compared to prices in March. Read more at The Business Times.