Nonetheless, sales results in March this year suggest the market may be at a turning point. Here are some signs as to why that may be:
The first collective sale in 2017, Lum Chang Holdings Limited is acquiring One Tree Hill Gardens for S$65 million, below the owners’ asking price of S$72.8 million
A plot of waterfront land that was once home to the Kallang Gas Works and left mostly vacant for years is set to be transformed into a vibrant private residential district as part of government plans. Site for master developer will be car-lite, with 4,000 homes, walkways and cycling paths – Melissa Lin
Singapore’s industrial space prices, rents, occupancies continued to fall in tandem with occupancy rates in the first quarter of 2017. The price and rental indices for the overall industrial property market fell by
Singapore Q1 GDP up 2.5 percent on-year, contracts on quarter as manufacturing slows Singapore’s trade-reliant economy shrank 1.9 percent in the first quarter from the previous three months on an annualized basis, weighed by contractions in manufacturing and services, preliminary data showed on Thursday.
Is Singapore’s property market headed for a quick upswing? After a long, plodding downtrend, Singapore’s housing market may be gathering forces for a rebound. Sigrid Zialcita, managing director for Asia Pacific research at Cushman & Wakefield, told CNBC’s “The Rundown” last week that she expected a turning point in prices “very soon.”
Singapore’s property prices to double by 2030: Morgan Stanley Morgan Stanley forecast Singapore home prices should begin to rise in 2018. The bank expected Singapore home prices would double by 2030. It anticipated a larger number of single-person households would drive home sales.
The Esplanade to build new S$30m waterfront theatre The new 550-seat venue will aim to address expanding audiences and growing artistic needs when it opens in 2021. The arts centre, which turns 15 this year, will also be including the public in its fundraising efforts. SINGAPORE: Fourteen years after it first opened, the Esplanade has […]
Residential en bloc market poised to pick up: Analysts SINGAPORE: The residential collective sales market is poised to pick up this year, with analysts citing the limited supply of private housing sites at state tenders and strong demand for land by developers as key factors. A collective sale, also known as an en bloc sale, […]
RENTS of HDB flats eased at a bigger pace year on year (y-o-y) in March 2017 compared with rents of non-landed private homes, according to latest flash estimates from SRX Property. On a month-on-month (m-o-m) basis, rents for both categories fell. SRX’s rental index for private apartments and condos fell one per cent m-o-m in […]
Even as home values fall towards the tail-end of the lease, the Housing Board flat can still be a nest egg for retirement, wrote National Development Minister Lawrence Wong yesterday. “They provide a good store of asset value, so long as you plan ahead and make prudent housing decisions,” he wrote. He was addressing concerns […]