Property News

To make right decision on your property sales, purchase or your property portfolio restructure, read more Singapore property news here, you understand market movement, market trend , latest property transactions, government policies and so on....

Condo resale prices up for 14th straight month as volume dips in September: SRX

12 oct , 2021

SINGAPORE (EDGEPROP)

 

SINGAPORE - Prices of resale non-landed private homes in September climbed for the 14th consecutive month, even as fewer units changed hands, according to flash figures from real estate portal SRX on Tuesday (Oct 12).

Condominium resale prices rose 1 per cent month on month, faster than the 0.5 per cent gain in August, SRX data showed.

Year on year, resale prices were up 8.9 per cent from September 2020.

What We Know About Singaporean Millennials and Luxury Property in 2021

28 Sep , 2021

SINGAPORE (EDGEPROP)

 

We might be in the middle of a pandemic, but that hasn’t dented Singaporeans’ appetite for property. According to the PropertyGuru Consumer Sentiment Study H2 2021, private property transactions are still on an upward trajectory, and 74% of Singaporeans intend to buy a home in spite of rising prices.

Millennials, born between 1981 and 1996, have come of age and are now one of the key drivers of the surging demand for private property. The study also found that Singapore millennials have a strong preference for luxury property, with 32% seeking to purchase a luxury property in a long run.

Who Are Buying Good Class Bungalows (GCBs) in Singapore? (2021)

10 Sep , 2021

SINGAPORE (EDGEPROP)

 

Forget about luxury condos. In Singapore, Good Class Bungalows are the highest form of prestigious housing.

Just ask some of Singapore’s most successful tech CEOs, who have of late scrambled to purchase Good Class Bungalows. As tech CEOs are basically the royalty of our age, this has made people sit up, pay attention and take a new interest in these ultra-exclusive houses.

Before we jump into reviewing who are the individuals behind some of the most high-profile GCB purchases this year, let's take a look at GCB pricing trends and transaction data to get a sensing of the GCB market.

Normanton Park was the best-selling private residential project in 1H2021

15 July, 2021

SINGAPORE (EDGEPROP)

 

Based on caveats lodged, Normanton Park was the best-selling private residential project in 1H2021, selling 923 or about 50% of the 1,862 units in the development. The next best-selling project in terms of number of units sold was Midtown Modern, which moved 384 out of 558 units, or 69% of the project, in 1H2021. 

“Half of the top 10 best-selling projects in 1H2021 were located in the OCR [Outside Central Region], and we expect this sub-market to do well this year, with the new launches still to come,” says Wong Siew Ying, PropNex head of research and content.

More gains ahead in private home prices; Q3 up for sixth straight quarter

PROPERTY analysts expect Singapore's private home prices to continue its growth trajectory for the rest of the year, after it rose for the sixth straight quarter in Q3. Based on the Urban Redevelopment Authority's (URA) flash estimates, the overall price index for private homes grew 0.9...

Singapore private home prices up 0.9% in Q3, rising for 6th straight quarter: Flash data

SINGAPORE - Private home prices in Singapore climbed for the sixth straight quarter at a continued moderate pace, driven largely by the gains in landed properties.

The 0.9 per cent price gain in the third quarter follows an increase of 0.8 per cent in the second quarter, and a 3.3 per cent rise in the first quarter, according to flash estimates from the Urban Redevelopment Authority (URA) on Friday (Oct 1). 

Year on year, private home prices have increased by 7.3 per cent. And in the first nine months of this year, they have risen by 5.1 per cent, compared with 2.2 per cent for the whole of last year.