Private Homes

Landed homes market to see increased activity this year

Knight Frank noted that 253 landed homes were transacted in the second half of 2020, up from the 108 units shifted in 1H 2020 and the 126 units sold in 2H 2019.

Continue Reading • 29 Jan 2021

Foreign buying of private homes down to its lowest since 2003

Travel restrictions imposed in various countries prevented foreigners from visiting the city-state, many whom prefer to physically inspect the property or visit a show-flat before making a purchase.

Continue Reading • 28 Jan 2021

Private home sales up in 2020 while retail sales continue to lag

While retail sales have recovered since the start of the pandemic, it remained weaker compared to pre-COVID days. Meanwhile, private home sales and prices continue to rise, prompting experts to speculate on cooling measures to be implemented soon.

Continue Reading • 25 Jan 2021

Private home prices up in Q4 2020, while new homes sales fell

For the whole of 2020, private home prices rose 2.2%, down from the 2.7% increase registered in 2019.

Continue Reading • 22 Jan 2021

Semi-detached house attracted 33 bids, sold for $3.89mil

33 bids for a property is 'abnormal', says Joy Tan, Head of Auction and Sale at Edmund Tie. The highest number of bids recorded at last year’s property auctions was over 20.

Continue Reading • 22 Jan 2021

Singapore new home sales up almost 60% in December

The December sales were mainly driven by two key launches – namely, Clavon and Ki Residences. On an annual basis, new home sales soared 126.2% from the 538 units shifted in December 2019.

Continue Reading • 13 Jan 2021

Holland Rise GCB site for sale for $68mil

The freehold vacant plots occupy a combined land area of 52,992 sq ft. Buyers have the option to acquire a single plot or multiple plots.

Continue Reading • 7 Jan 2021

Haidilao chairman’s son granted Option to Purchase for Gallop Road bungalow

Reserved for purchase only by Singapore citizens, bungalows within the 39 gazetted Good Class Bungalow (GCB) Areas are Singapore’s most prestigious form of landed housing.

Continue Reading • 6 Jan 2021

Private residential prices up 2.1% in Q4, 2.2% in 2020

Looking ahead to 2021, overall private home prices is expected to rise by 1% to 4%, while new home prices may increase at a faster pace of between 2% and 5%, says Christine Sun, Head of Research and Consultancy at OrangeTee and Tie.

Continue Reading • 5 Jan 2021

New private home sales up 18.9% in November

The increase in private home sales comes on the back of new project launches by developers, with The Linq @ Beauty World emerging as the best-selling development for November.

Continue Reading • 16 Dec 2020

New NoMa Condominium to rise around Geylang homes as owners refuse to sell

Macly Group had wanted to buy all seven terraced homes in Geylang for the freehold project, but only managed to purchase five of the houses. Despite this, NoMa condo has sold 46 out of the 50 units as of 4 Dec. It is expected to be completed by 2023.

Continue Reading • 7 Dec 2020

More expats from Hong Kong turning to Singapore property market

Of the total sales registered in the first nine months of 2020, 260 units were snapped up by foreigners. Buyers from China or Hong Kong accounted for 75% of foreign buyers.

Continue Reading • 30 Nov 2020

Semi-detached house near Orchard Road up for sale for $7.84mil

The two-storey freehold property occupies a land area of 288.0 sq m (3,100 sq ft), and is expected to sell at $2,500 per sq ft.

Continue Reading • 24 Nov 2020

New Private home sales fell 51.7% in October amid new curbs

The clampdown on the re-issue of options to purchase (OTP) by developers, as well as the lack of new launches could be reasons for the decline in new home sales, observed analysts.

Continue Reading • 17 Nov 2020

Singapore’s private home market shows sign of recovery in Q3

Transaction volume for private homes spiked 164.5% to 7,047 units in Q3 2020 from 2,664 units in Q2 2020, with resale homes accounting for a larger proportion of the total sales.

Continue Reading • 23 Oct 2020

Developer sales up 11.9% in Q3 2020, Huttons

Sales have been on the uptrend since the Circuit Breaker in April, with September marking the fifth consecutive month of increase in monthly sales. The average size of units purchased have also steadily increased over the last few months.

Continue Reading • 21 Oct 2020

New private home sales hit two-year high in September

New home sales in September hit 1,329 units, a 5.6% increase from August's 1,258. Sales also continued to increase for the fifth consecutive month since the circuit breaker measures were implemented.

Continue Reading • 16 Oct 2020