The private home market has defied the pandemic and Singapore’s worst-ever recession to notch up price gains in the fourth quarter of last year. The numbers racked up in the fourth quarter would have scarcely been believed back in April, when pundits were forecasting sharp price falls if the economic slump worsened and the circuit[…]
SINGAPORE – New private home sales in December climbed to their highest level for the month in eight years, as buyers jumped in on expectations of further price increases with a post-pandemic economic recovery. Last month’s sales by developers jumped more than 57 per cent to 1,217 units from 774 in November. This was 126 per cent higher than[…]
Developer must complete Quality Mark assessment for units before applying for TOP Normanton Park, a 1,862-unit leasehold condominium project that was hit with a no-sale licence nearly two years ago, has got the green light to sell its units, but with conditions. The largest and first new launch for next year will open for public[…]
Healthy sales show not all segments hit by curbs on reissuing of OTPs, says expert The private residential market resumed its upward march last month, with sales up nearly 19 per cent month on month following a 225 per cent surge in the number of new homes launched. Last month’s uptick in sales to 767[…]
SINGAPORE – Sales of new private homes by developers plunged 51.7 per cent in October from the previous month, putting the brakes on a five-month-long buying spree after new curbs were imposed on the re-issue of options to purchase (OTPs). Buyers took up just 642 units in October from a more than two-year high of 1,329[…]
SINGAPORE (THE BUSINESS TIMES) – MIxed-use development The Linq @ Beauty World sold 115 out of 120 apartments over the weekend, in a Covid-19-era, tech-enabled launch. The freehold project, at Beauty World MRT station, includes two floors of shops and a 20-storey residential block. Units fetched between $2,150 and $2,200 per square foot on average,[…]
SINGAPORE (BLOOMBERG) – The Dysons behind the self-named British consumer electronics company are selling their triplex penthouse at Wallich Residence for $62 million – less than the record purchase price of $73.8 million paid last year – The Business Times reported on Monday (Oct 19). Singapore’s tallest penthouse, on the top three levels of the 64-storey Guoco[…]
Some residential developers are disappointed that the additional buyer’s stamp duty (ABSD) remission deadline to sell all units in a project was not further extended, although they have been given an additional six months to complete construction. Additional temporary relief measures were announced on Thursday night for developers whose construction timelines have been disrupted by[…]
Hong Leong says timing and sensitive pricing among main factors for the positive response The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic. As of 5pm yesterday, 341[…]
Analysts cite attractively priced launches, pent-up demand among reasons for increase Hungry ghosts were no match for hungry home buyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes, up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were[…]
SINGAPORE – New home sales continued to rise for a third straight month amid a worsening economic outlook, with developers selling 1,080 non-landed private homes in July, up 8.2 per cent from 998 private homes in June. But year on year, sales were down 8.4 per cent from 1,179. More new private homes were launched[…]
SINGAPORE – The Urban Redevelopment Authority (URA) on Tuesday (June 30) launched a “dual envelope” tender of a choice site at Jalan Anak Bukit for a landmark residential and commercial development with a bus interchange to help rejuvenate the Beauty World area. The 3.2 hectare site in Upper Bukit Timah can yield 865 private housing units,[…]