Category PROPERTY NEWS

02 October 2015

In Q3 flash estimates released by HDB, resale prices fell 0.3 per cent to 134.6 points — the eighth consecutive quarter of decline. This continued decline comes after a 0.7 per cent and 6.2 per cent contraction in 2013 and 2014 respectively. The last time HDB resale prices fell for an extended period was way back in 2000 when prices fell for eight consecutive quarters from Q2 2000 to Q1 2002.

Mr Ismail Gafoor, PropNex Realty CEO said, “The potent combination of the measures has...

15 September 2015

REAL ESTATE DATA TREND
Private homes sales by developers (August 2015)

Transaction volume was tepid in August due to the Hungry Ghost Festival. With current housing policies remaining unchanged together with the ‘inauspicious’ Festival, many prospective buyers stayed away from the market. Developers sold 495 new private homes in August, down 69 per cent from the 1,594 units sold in July...

20 AUGUST 2015

REAL ESTATE DATA TREND
Two-Room Flexi Scheme (Aug 2015)

The latest 2-bedroom flexi scheme will provide more options for seniors to opt for shorter leases of between 15 and 45 years, in five-year increments, as long as it covers them and their spouse until they are at least 95 years old...

18 AUGUST 2015

REAL ESTATE DATA TREND
Private homes sales by developers (July 2015)

The private housing market regained some momentum last month as buyers snapped up units amid a larger number of new units launched, following a lull in June when buyers held off buying and developers held back new offerings to avoid the school holidays. Sales jumped more than 300 per cent from June, as developers sold a total of 1,594 units, up from 375 sold in the previous month...

18 JULY 2015

HDB resale prices fell again as tighter mortgage curbs continue to cool demand. According to data from HDB, resale prices fell 0.4 per cent to 135.0 points — the eighth consecutive quarter of decline. This continued decline comes after a 0.7 per cent and 6.2 per cent contraction in 2013 and 2014 respectively.

Mr Ismail Gafoor, PropNex Realty CEO said, “The potent combination of the measures has been effective at slowing down the price growth of HDB resale prices...

15 JULY 2015

Transaction volumes slowed further in June as property developers sold just 375 new private homes last month (excluding ECs), down from the 638 units (or 40 per cent) sold in May — latest data from the Urban Redevelopment Authority (URA) showed today. The lacklustre sales came as developers launched just 219 new units, the lowest in the year so far...