SINGAPORE – New private home sales plunged to a five-year low last month and are expected to remain low in May as showflat galleries stay closed and new launches are pushed back further because of the extended circuit breaker. Developers in Singapore sold 277 private homes last month, down 58 per cent from 660 homes[…]
SINGAPORE – Developers in Singapore sold 660 private homes in March, down 32 per cent from 976 in February, as launches dried up while the property market grappled with safe distancing restrictions from the coronavirus pandemic. A total of 578 new private residential units were up for sale in March, of which 101 were in[…]
SINGAPORE (THE BUSINESS TIMES) – CEL Development, a fully-owned subsidiary of mainboard-listed Chip Eng Seng Corporation, has sold 77 units at the launch of its 378-unit Kopar At Newton condo project over the weekend. The 99-year leasehold project is located off Newton Circus. CEL executive director Michael Ng said the project average price is $2,350[…]
SINGAPORE – Singapore’s new home sales in February surged more than 114 per cent from a year ago, defying the coronavirus outbreak and a looming global recession. Posting the second-strongest February sales performance in eight years, developers moved 975 private homes – up 57.3 per cent from the 620 units they sold the month before,[…]
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 an average price of $2,450 per sq ft. The M is the first major private residential development opened for[…]
SINGAPORE – A spurt of buying by foreigners and new launches helped buoy Singapore’s property market in January, with developers moving 618 private homes in January, up 14.9 per cent from 538 in the previous month. Developer sales were up 41 per cent from 437 units sold a year ago, marking the highest January sales[…]
SINGAPORE – Construction at City Developments’ Whistler Grand project in West Coast Vale resumed on Wednesday (Feb 12) after its builder voluntarily stopped site work for two days when an employee was suspected of being infected with the coronavirus, The Straits Times has learned. Construction and civil engineering firm Woh Hup, Whistler Grand’s builder, halted[…]
They have priority claims ahead of other unsecured creditors Home buyers left in the lurch after a developer went bust will now have priority claims to their incomplete homes, ahead of other unsecured creditors like contractors. The High Court has ruled that the claims of buyers of the incomplete Sycamore Tree condominium will rank above[…]
Developers had a bit more reason to cheer last year than in 2018, thanks in part to Housing Board upgraders. Owners selling up in the public housing sector to buy in the private market gave a much-needed boost to sales numbers. There were 10,104 units shifted in 2019 – 14.9 per cent more than the[…]
It will show how resilient prices are in prime district after recent drop; analysts expect volatility Freehold luxury project Van Holland, one of the few new launches in the highly sought-after Holland Road area this year, will be watched for how resilient prices are in Singapore’s prime district following their drop in the core central[…]
Excluding ECs, 1,147 units were sold; take-up led by projects in suburban areas Sales of new private homes picked up strongly last month despite the start of the year-end holiday period and amid a property glut, data showed yesterday. Developers sold 1,147 units last month – excluding executive condominiums (ECs) – 23.2 per cent more[…]
Sales record average prices of $2,600 psf to $3,200 psf, with 90% of buyers Singaporean Nearly a third of apartments at One Holland Village Residences have been booked since sales began on Nov 21, at average prices ranging from $2,600 to $3,200 per sq ft (psf). The developer – Far East Organization with partners Sekisui[…]