Condo, HDB rents rise in February; leasing volume dips SINGAPORE - The rental prices for Housing Board flats and private apartments continued to rise last month, while leasing volume in both markets dipped. Condominium rents last month climbed by 1.4%, while HDB rents rose by 1.7%, according to flash figures from real estate portals 99.co and SRX released on Wednesday (March 16). This marks the 14th...

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...

Opportunities emerging for investment property deals; discounts up to 20% may be had, says consultant Capital appreciation from investments during challenging periods tend to outperform gains during normal times. SOME good may come from the Covid-19 pandemic - real estate is being offered to investors at lower prices as Singapore plunges into the worst recession on record. Opportunities...

GuocoLand to develop second condo, third retail cluster at Guoco Midtown mega project GUOCOLAND is expanding its multi-billion-dollar integrated development on Beach Road, Guoco Midtown, to include a second luxury residential project named Midtown Modern. The condomininum will consist of two 30-storey towers with more than 500 apartments in a forest garden setting, as well as a retail...

Prices of toniest flats slipping, but they're not exactly a steal yet FOR those coveting Singapore's swankiest homes, prices of some may have come off but they're still far from bargain basement levels. In the posh home segment, prices of new sale or new launches have fallen while resale seems to be resilient. Also there is quite a lot of price difference within Singapore's core...

Close to 10% of Singapore mortgages, or over S$15b, under debt moratorium THE 3 local banks in Singapore are estimated to have granted payment deferments to more than S$15 billion worth of mortgages as at the end of June this year. All in, the total value of deferred mortgages in Singapore make up almost 10% of all outstanding mortgages. This comes as the S$15-billion worth of deferred...

Singapore private home prices rise 0.3% in Q2 in turn-around from flash estimate DESPITE the ongoing pandemic, private residential prices in Singapore went up by 0.3% in the second quarter, marking a reversal from a flash estimate in early July which had the private residential property index falling by 1.1%. The 0.3% figure comes after a 1% decline in Q1, according to the latest report from the...

1.1% drop in URA's Q2 private home price index 'mild', say analysts THE Urban Redevelopment Authority's benchmark overall private home price index fell for the 2nd consecutive quarter. It eased 1.1% quarter-on-quarter (q-o-q) in Q2 2020 based on the flash estimate issued on Wednesday, after slipping 1.0% in Q1 2020. Suburban non-landed private home prices remained unchanged in the April to June...

URA releases flash estimate of 2nd Quarter 2020 private residential property price index The Urban Redevelopment Authority (URA) released the flash estimate of the price index for private residential property for 2nd Quarter 2020 today. Overall, the private residential property index decreased by 1.7 points from 152.1 points in 2020 Q1 to 150.4 points in 2020 Q2. This represents a decrease of...

Fear of missing out? Beware agents' hype on new home sales and prices THERE has been much hype generated by some property agents about the relatively strong primary-market private housing sales volumes during the recent "circuit breaker" lockdown period - despite restrictions that curtailed developers' ability to launch new projects. Some agents are also telling potential buyers that while...