Singapore new private homes sales drop to lowest since May 2020 amid CNY lull, dearth of launches SINGAPORE - Developers in Singapore put on sale more new private homes from existing projects last month but sold fewer units due to the typical Chinese New Year lull and the absence of major new launches. Sentiment was also dampened by the prospect of rising interest rates, a surge in Covid-19 cases...

Mass to mid-tier properties draw interest as showflats reopen after 10-week halt SALES for new private homes got off to an encouraging start for developers as showflats reopened their doors over the weekend after a 10-week hiatus. Starting on Friday, visitors made their way to sales galleries for the first time since the circuit breaker kicked in, with mass market and mid-market segments garnering...

Patchy sales on first day of showflats reopening Developers fastidious about ensuring compliance with safety requirements. IT SEEMS to have been a day of generally patchy sales for developers when they could finally open the doors to their showflats after shutting them nearly 2.5 months ago as part of measures to halt the spread of the Covid-19 bug. The generally slow sales - or even no sales in...

May new home sales rebound with more local buyers drawn to lower quantums  Some consultants believe there will be recovery in the later half of 2020 with pent-up demand for new homes MORE locals braved the circuit breaker last month to buy their dream homes though most were prudent in their decision. Developers in Singapore sold 486 new private homes in May, a sharp 75.5% rebound from 277 in...

April home sales dive 62%; May unlikely to see improvement Data from Realis as at May 12 shows 277 new sales transactions, excluding ECs; virtual showflats fail to drum up sales SALES volumes for new private homes appear to have tumbled sharply in April as developers were forced to shutter sales galleries and prospective buyers stayed home, while the extended circuit breaker could spell a poorer...

Half of developers likely to cut prices of Singapore new launches 54% in survey see 2-5% new sale price fall in 2020, 46% expect 5-8% slide in resale prices in 2020. THE sentiment of local property developers has dived, with half of them likely to lower the selling prices of their new launches in the next six months. This is according to the latest Real Estate Sentiment Index (Resi), published by...

Bukit Sembawang sells nearly two-thirds of homes at Luxus Hills' final phase FRI, FEB 21, 2020 - 3:38 PM REAL estate developer Bukit Sembawang Estates Limited on Friday said it has sold 25 out of the 39 units at the Luxus Hills (Contemporary Collection) following private previews. The Contemporary Collection is the final phase of Bukit Sembawang’s 999-year leasehold landed development in...

Wing Tai sells 70% of The M over launch weekend More than 2,000 people visited The M's sales gallery during the 522-unit condominium's preview on Feb 15-16.PHOTO: WING TAI ASIA SINGAPORE (THE BUSINESS TIMES) - Wing Tai Asia sold 70 per cent or over 360 units of its latest condominium project, The M, over the weekend, even amid the ongoing Covid-19 outbreak.   Units were sold at...

Why residential property prices won’t be coming down despite cooling measures SINGAPORE: Over 50 project launches, unleashing 20,000 units, are expected in 2019, but it doesn’t mean prices will come down, says Edmund Tie & Company’s Darren Teo.Prior to the latest cooling measures introduced in July 2018, the last time similar regulations were rolled out to moderate the residential private...

SINGAPORE - April saw a big pullback in launches as developers turned cautious despite relatively resilient sales in March. Only 444 private homes were released for sale in April, down 75 per cent from the previous month's 1,812 units, and 33 per cent fewer than the 664 units launched a year ago. This is according to figures released by the Urban Redevelopment Authority (URA) on Wednesday (May...