Residential Property

Prices rose by around 8% to 15% in Q2.

The strong takeup in new condo launches boosted prices during the quarter.

HDB sales are 11.3% lower and below the 12-month average.

The property will be acquired through the Ascott Serviced Residence Global Fund.

This number accounts for 1.4% of the total resale volume in July.

Home loan rates now range from 2.75% p.a. to 3.08% p.a.

Tender sales for the properties will close on 9 and 7 September, respectively.

This is an improvement from $865m loss in the same period last year. 

Investment sales are expected to exceed $30b in 2022. 

The 36-storey site is on sale through public tender until 6 September.

Both new sales and resale volume increased during the quarter.

Rents went up 18% year-on-year.

The property will be sold via public tender.

This translates to a 1.1% decline from Q1.

OrangeTee said the decline was due to the lack of new launches.

Most non-local buyers were from Mainland, China.