Singapore Property Developer Sales

25/12/2020

In Singapore, Chinese buyers accounted for nearly 25% of the total foreign property acquisitions during the first three quarters of 2020, showed Cushman and Wakefield data.

18/12/2020

With new safe distancing measures in place, property transactions now take over a month to complete. This explains the burst of activity observed in July, August and September – with the demand likely coming in from the previous quarter.

Despite the face of a deepening recession, there was a burst of activity in the Singapore property market. Here are some of the key highlights of the PMI Q4 report.

11/12/2020

In Q3 2020, property prices in Singapore climbed 0.8% to their highest level since 2013, while sales volume surged to a two-year peak, showed the latest data.

The government cautions Singaporeans from the lure of cheap mortgages, and to remain prudent "given the labour market uncertainties in the current economic situation".

04/12/2020

“We observed that there is a sizeable pool of genuine buyers, HDB upgraders and investors, who are still keen to enter the market to take advantage of the relatively attractive pricing, especially in the current economic situation.”

PropNex's profit after tax and minority interest (PATMI) increased to $6.76 million during the third quarter of 2020 from $6.11 million over the same period last year.

27/11/2020

Units sold in developments located within the OCR and the RCR made up 35.5% and 46.6% of the total sales, while the CCR accounted for 18%.

27/11/2020

Maybank’s economists attributed Singapore and Vietnam’s more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.

Maybank’s economists attributed Singapore and Vietnam's more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.

27/11/2020

Singaporean home purchases hit a new high in the third quarter of 2020, accounting for 80.7% of total non-landed home buyers with 4,754 sales, according to an OrangeTee and Tie report.

Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”.