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Subscribe to this list via RSS Blog posts tagged in sales

Market watchers told Channel NewsAsia that pricing and location remain key factors in closing home sales. Projects designed by world-renowned architects may also boost sales volume.

Mr Nicholas Mak, Executive Director for Research & Consultancy at SLP International Property Consultants, cited prime locations near Orchard Road and Paterson Road as an example, noting that top-end architects may not be required for such projects.

Condominiums in the heartlands would also likely not require such architects, since mass market home-buyers are deemed to be very price sensitive and are only looking at affordability.

Mr Mak said, “Most of the iconic architecture tends to be within the city fringe area and they may want to command a price higher than other competing projects within the neighbourhood.”

An example of such a project is Sky Habitat at Bishan Central, the most recent designer condominium to be completed. The 99-year leasehold development commanded launch prices between S$1,650 and S$1,750 per square foot (psf) in April 2012, competing with condominiums located in the city.

In June last year however, median transacted prices were approximately S$1,340 psf. About 140 units remained unsold as of June 2015.

Taken from iProperty

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Knight Frank says property prices in Singapore will decline three to four per cent this year; statistics indicate a sixth consecutive month of decline in prices and rents with mid-market homes affected the most.

Foreign investment declined slightly, with 27.3 per cent of purchases made by overseas buyers.

Sales appear to be picking up in the luxury residential market however, as buyers begin to return after prices declined in previous quarters by double digits.

In an interview with Singapore Business Review, Maybank Kim Eng analyst Mr Derrick Heng said, “We observed an uptick in high-end sales, using core central region (CCR) sales as a proxy, in May. 69 units were sold, led by Marina One, Leedon Residence and Sophia Hills.

Their decent sales indicated more-or-less intact foreign interest in Singapore’s high-end market”.

Barclays analyst Ms Tricia Song noted in a Singapore Business Review interview that it might be time for a review of the Additional Buyers’ Stamp Duty; she said, “We expect an eventual easing of Additional Buyers Stamp Duty (ABSD) measures, in particular the 15% tax on foreign buyers, to benefit the luxury-end segment the most, especially as this segment has the fewest future supply completions.

In May's developer take-up data, a small uptick was seen in the higher-end segment above S$2,000psf, as the correction in this segment has attracted buyers”.

Taken from iProperty

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The extravagance property portion is situated to proceed with its decay into 2015 as indicated by RHB Group, with just 25 units sold in April.

Top of the line units made up just 2.1 for each penny of April deals, dunking from 2.3 for every penny in March.

The drowsy deals in the extravagance fragment have been ascribed to the general melancholy of the property market, and in addition to the prohibitive Additional Buyer's Stamp Duty (ABSD).

The ABSD now remains at 15 for each penny for nonnatives, who commonly make up an extensive part of extravagance purchasers.

New home deals this month are prone to fall advance because of the absence of conspicuous dispatches in May.

Taken from iProperty

Tagged in: property sales
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9,431 new pads in 24 Housing and Development Board's (HDB) towns and domains have been put discounted by the HDB in its greatest Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise.

This comprises of 4,044 BTO pads in Punggol, Sembawang, Clementi and Tampines that will be dispatched for the current month.

HDB will likewise offer 5,387 parity pads in their May Sale of Balance Flats (SBF) exercise. Give or take 27 for each penny of equalization pads are close consummation, while the remaining is under development.

As per examiners met by Channel NewsAsia, extends in Clementi will draw the most intrigue and be among the priciest, with four room BTO pads going from S$478,000 to S$621,000.

Mr Colin Tan, Director of Research and Consultancy at Suntec Real Estate Consultants, noted however that purchasers regularly settle on choices in light of the area, estimation of the property and potential thankfulness as opposed to considering the cost alone.

Up to S$60,000 of lodging stipends will be accommodated amateur families, subject to qualification.

This includes the Additional CPF Housing Grant (up to S$40,000) and the Special CPF Housing Grant (up to S$20,000). With awards, two room pads may be obtained for as low as S$15,000.

Taken from iProperty

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382 new private homes were sold in February, a little rising diverged from 374 homes sold in the prior month.

This paying little heed to less unit dispatches.

Sims Urban Oasis through GuocoLand fared the best, with 112 out of its 200 units sold.

Mr Nicholas Mak, Executive Director at SLP International Property Consultants, commented that business levels for 2015 will depend on upon the cooling measures.

Inspectors expect that an addition in new amplify dispatches, for instance, Kingsford Waterbay and North Park Residences could similarly mix draw in and advance a business trek.

Ms Chia Siew Chuin, Director of Research & Advisory at Colliers, told Singapore Business Review, "Sufficiently spotted and strongly assessed errands stay looked for after and this should help to direct originators' techniques.

As specialists apparatus up for more dispatches, crucial business bargains volume is obliged to upgrade to between 400-600 units in March".

The likelihood of an extended speculation rate may push buyers to settle on speedier decisions. "A couple of buyers sitting faltering may be impacted to rush their decision to buy and secure venture rates," illuminated Mr Desmond Sim, head of CBRE Research, Singapore & Southeast Asia.

Offers of authority townhouses (ECs) tumbled to 65 units a month prior, appeared differently in relation to 184 ECs in January. This could have been attributed to the unlucky deficiency of new EC dispatches.

Expenses may be decreased inside the year to drive interest, especially inside more present areas, for instance, Sengkang, Woodlands and Punggol, where oversupply is a stress.

Taken from ST Property

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The Urban Redevelopment Authority (URA) released data on 16 February exhibiting that arrangements for private houses extended in January 2015, however stayed lower when appeared differently in relation to January 2014.

The amount of private cabin units sold by creators went up by 62 each penny, from 230 units in December 2014, to 372 units a month prior.

This is a direct result of designers moving 415 units in January 2015, a monstrous form diverged from the 53 units moved in the prior month. Offers of new private homes declined by 35 each penny year-on-year in January 2015.

Ms Christine Li, Director and Head of Research at Cushman and Wakefield, said, "With the typical fulfillment of 21,359 private units, excepting authority condo suites, in 2015, and moreover the approaching premium rate move by the second half of the year, headwinds are robust for the private market as supply overpowers ask for in the near to medium term."

Bargains volume may get after the Chinese New Year period as buyers start to hotspot for homes after the festivals.

In a late report, OrangeTee communicated that "various architects have held down new dispatches and somewhat got a kick out of the chance to strategise for a dispatch after February."

Upcoming new dispatches, for instance, Sims Urban Oasis, Kingsford Waterbay, Botanique At Bartley and North Park Residences.

Taken from ST Property

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URA data showed that new home sales dropped to a five year low in December 2014, with buyers and developers holding back purchases and launches. The number of units sold fell by 46 per cent, from 423 in November to 230 last month.

Total 2014 new home sales amounted to 7,557 units, half the 15,291 sold in 2013.

December’s lacklustre sales can be attributed to a lack of new projects and a drought in home-buying. Colliers International stated that “In the absence of new launches to spur buying interest, home-buying activity in December 2014 also slowed down across all three market segments.”

In December, primary market sales volume in the Core Central Region fell by 56.3 per cent month-on-month to 35 units. Likewise, sales volume in the Rest of Central Region and Outside Central Region dropped by 60.1 per cent and 29.5 per cent month-on-month, to 61 units and 134 units respectively.

While overall property sales slowed, buying interest for executive condominiums (EC) held firm in December, according to DBS.

DBS reported that The Terrace, a 747-unit EC launched in Punggol Drive, was the most popular project last month, followed by Bellewaters, Waterwoods and Skypark Residences.

DBS listed non-landed properties, such as Lakeville, The Panorama and Riverbank@Fernvale as the top selling projects. 

Taken from ST Property

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The "Climbing Trends in Real Estate Asia Pacific 2015" report discharged by the Urban Land Institute and Pricewaterhousecoopers (Pwc), sees Singapore kept up a vital separation from the principal 30 associations for property deals volumes recorded for the force year.

Singapore was arranged ninth a year former with courses of action figures of Us$4.7 billion (S$6.2 billion) recorded in 2013.

Mr Yeow Chee Keong, Real Estate and Hospitality Practice Leader at Pwc Singapore told TODAY that outside business parts, for example, key Australian and Japanese urban gatherings have land hypothesis choices that are all the additionally captivating.

However the degree that wander and movement prospects for land in 2015, Singapore was arranged ninth all around. Notwithstanding the fall of two indents from a year former's arranging of seventh, the Singapore's establishments for the land zone stay bullish and engaging for the ensuring new year.

Singapore properties moreover keep pulling in ultra-high total assets people (Unhws). As per Wealth-X and UBS World Ultra Wealth Report 2014, the Republic is arranged seventh among ten nations where Unhws are setting up their second home.

In the report, the encounters of second homes for Unhws in Singapore is three every penny which is keeping pace with China and Hong Kong.

Taken from ST Property

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