Author: Martin Koh
HDB to buy back flats from owners affected by ethnic quota limits
Singapore (Edgeprop) SINGAPORE (EDGEPROP) - HDB will offer to buy back public housing flats from owners who face difficulties in selling due to the Ethnic Integration Policy (EIP) quotas. The new measure, announced by National Development Minister Desmond Lee on March 8, will allow flat owners who are unable to sell their flat where EIP [...]
February new home sales down 22.5% m-o-m
Singapore (Edgeprop) SINGAPORE (EDGEPROP) - Property developers sold 527 private residential units (excluding executive condos) in February, a 22.5% m-o-m drop from January’s 680 units, according to URA. On a y-o-y basis, it is an 18.3% drop from 645 units in February 2021. “February is traditionally a slow month as the Lunar New Year tends [...]
No more strata subdivision of commercial properties in Central areas
Singapore (Edgeprop) SINGAPORE (EDGEPROP) - The Urban Redevelopment Authority (URA) has announced that strata subdivision of commercial complexes or mixed-use developments with a commercial component will no longer be allowed in Central areas. This includes the Orchard Road and Scotts Road stretch, the CBD areas of Robinson Road and Shenton Way and the areas surrounding the Padang and War [...]
Shophouse sales surge to all-time high of $1.9 bil in 2021: Knight Frank
Singapore (Edgeprop) Total shophouse transaction value in Singapore crossed the billion-dollar mark in 2021, reaching a total of $1.9 billion in sales, according to a research report by Knight Frank. Historically, this is the highest transaction value ever recorded for shophouses, beating values achieved in both 2019 and 2020 combined. Sales values in 2019 and [...]
Singapore among top three Asia Pacific destinations targeted by real estate investors in 2022
Singapore (Edgeprop) An annual survey by CBRE has found that Singapore is the third preferred destination for cross-border real estate investment in 2022, after Tokyo and Shanghai. The survey, which covers all property types, polled more than 530 Asia Pacific-based investors. This is the third consecutive year Tokyo has topped the list. Greg Hyland, CBRE’s [...]
Private residential sales fall 58% in December; 650 new units sold
Singapore (Edgeprop) Developers sold 650 new residential units (excluding executive condos or ECs) in December 2021 - a decline of 58% from the 1,547 units sold in November. Including ECs, new home sales fell by 55.4% m-o-m, from 1,611 units sold in November, to 719 units in December. Compared to 2020, new sales excluding ECs [...]
Singapore real estate investment in 2021 totals $25.8 billion, up 5.3% y-o-y
Singapore (Edgeprop) SINGAPORE (EDGEPROP) - According to the latest quarterly investment report by Knight Frank Singapore, the last quarter of 2021 raked in $7.3 billion worth of real estate investment volume. This brought the total investment volume for the entire year to $25.8 billion and is a 5.3% y-o-y increase from the $24.5 billion that [...]
Private home prices spike 10.6% y-o-y in FY2021, highest yearly increase in 10 years
Singapore (Edgeprop) The private residential market saw a surge in home prices last quarter, jumping 5% q-o-q according to the latest flash estimate of the price index by the Urban Redevelopment Authority. The latest quarterly report is a sharp increase compared to the 1.1% q-o-q increase that was registered by the private residential market in [...]
HDB prices spike 12.5% y-o-y in 2021, first double-digit growth in 10 years
Singapore (Edgeprop) For the whole of 2021, HDB resale prices spiked 12.5% y-o-y, clocking double-digit growth since 2011 when prices increased by 10.7% y-o-y. HDB resale prices increased by 3.2% q-o-q in 4Q2021, compared to the 2.9% q-o-q growth recorded in the preceding quarter. This is also the seventh consecutive quarterly increase recorded by the [...]
Fear of missing out and talk of cooling measures nudge new home sales up 32.2% in Jan 2021
Singapore (Edgeprop) https://www.edgeprop.sg/property-news/fear-missing-out-and-talk-cooling-measures-nudge-new-home-sales-322-jan-2021 Private residential sales figures for January 2021 show that developers sold 1,609 homes excluding Executive Condominiums (ECs). This is a 32.2% m-o-m increase from the 1,217 units sold in December 2020, and a 159.5% increase from the 620 units shifted in January 2020. According to Tricia Song, head of research for Singapore [...]