SG Property Wealth

26/08/2020

Developers’ condo sales more than doubled in June to 998 units from the previous month, reported Singapore Business Review citing Jefferies.

Developers’ condo sales more than doubled in June to 998 units from the previous month, reported Singapore Business Review citing Jefferies. Median prices also registered an increase from prior months during the lockdown. The report, however, noted that primary sales declined 10% year-on-year...

21/08/2020

New private home sales up for 3rd month in row https://www.straitstimes.com/business/property/new-private-home-sales-up-for-3rd-month-in-row?xtor=CS3-20&utm_source=STiPad&utm_medium=share&utm_term=2020-08-22%202%3A08%3A18

19/08/2020

The four contracts include the design and construction of three JRL stations, signalling system and half-height platform screen doors and integrated supervisory control and communications systems.

12/08/2020

Despite the circuit breaker restrictions, sale activities still continued to happen in Q2 2020 and Knight Frank believes that the easing of the circuit breaker measures will improve sale activities for the remainder of 2020.

05/08/2020

New private home sales surged after the lifting of the circuit breaker measures.

29/07/2020

“Given that Phase 1 began in early June and Phase 2 started sooner than we thought on 19 June, this allowed businesses to reopen and it means that the June indicators, such as retail sales, will not be as bad as April and May”, said Jeff Ng, Senior Treasury Strategist at HL Bank.

Economists say the reopening of economic activities in phase 2 could see a revision in the GDP numbers.

26/07/2020

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26/07/2020

Private home prices defied the pandemic to inch up 0.3%
- This is due to pent-up demand in the latter half of June as show-flats were opened and viewings were allowed
- New Homes sales rebounded in June
- The Stability will prompt developer to launch more projects in the upcoming months
- This show resilience of private residential market

Source : The Straits Times, 25 July 2020

22/07/2020

Singapore has expressed optimism that discussions relevant to the Johor Bahru-Singapore Rapid Transit System (RTS) Link project could be concluded by the end of July, reported Channel News Asia (CNA).

This comes as Singapore and Malaysia have been engaged in “intensive discussion” over the RTS Link project, said the ministry.

22/07/2020

55% of Singaporeans are unsure about property prices in the future because of COVID-19, according to findings from PropertyGuru’s H2 2020 Consumer Sentiment Study.

55% of Singaporeans are unsure about property prices in the future because of COVID-19, according to findings from PropertyGuru's H2 2020 Consumer Sentiment Study.

22/07/2020

URA envisions the site as a distinctive development and identity marker for the Beauty World precinct.