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Posted by on in Residential

Developers pondering what might lure buyers back to the market this year already seem to have the answer - reasonably priced homes in good locations.

They only have to look at the turnout at the launches held last year.

Three projects defied the cooling measures to perform exceptionally well at their launch, largely due to pricing and location.

North Park Residences in Yishun sold 486 units at a median price of $1,374 per sq ft (psf) while High Park Residences in Sengkang sold 1,169 units at a median price of $989 psf in their launch months.

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Posted by on in Residential

After nine months of decline, public housing resale prices in Singapore rose 0.2 per cent in the fourth quarter of 2015 over the third quarter, although it remains to be seen if this uptick is sustainable.

The latest data was according to flash estimates released by the Housing & Development Board (HDB) on Monday. It brings the decline in resale flat prices for the whole of 2015 to 1.5 per cent.

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Posted by on in Residential

The property market is poised for further slides this year, with weak economic growth and rising interest rates likely to drag prices south.

Remarks by National Development (MND) Minister Lawrence Wong on Wednesday that it is too early to talk about unwinding cooling measures suggest these steps will continue to dampen demand.

As at the third quarter of last year, private home prices had fallen about 8 per cent from their peak in the third quarter of 2013.

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Posted by on in Residential

Good Class Bungalows, the creme de la creme of the landed housing market, have turned out to be somewhat of a bright spot in 2015.

At least 34 transactions totalling S$730 million in Good Class Bungalow (GCB) Areas were sealed in 2015 - up from 28 deals adding up to S$626 million in 2014.

The latest tally is also the best showing since 2012, when 54 properties in GCB Areas changed hands for S$1.17 billion. The increase in sales last year was against the backdrop of softer prices.

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The Housing & Development Board (HDB) has launched for sale an Executive Condominium (EC) site on Yio Chu Kang Road, with analysts saying the tender is likely to attract conservative bids from developers amid a large unsold inventory.

The 99-year leasehold site, released from the Confirmed List of the second half of the 2015 Government Land Sales programme, sits on a 198,302 sqf area and may yield 520 homes, said the HDB yesterday. It also released for application under the Reserve List yesterday an EC site at Sumang Walk in Punggol. This parcel has a land area of about 291,233 sqf and may yield 820 units.

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