Residential Property
S-REITs double equity offerings for 2019 with $6.1b raised so far
S-REITs double equity offerings for 2019 with $6.1b raised so far
Ascendas REIT’s $1.3b rights issue will be the largest to date upon completion.
Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3
They bought 10 more units in Q3 compared to the previous quarter.
Private home sales crashed 26.9% to 928 units in October
The absence of major launches outside CCR dragged down sales volume.
New condo sales jumped 49.2% to 3,198 units in Q3
All regions recorded growth in new sales, with the largest surge being seen in OCR.
Chart of the Day: Almost half of condo units sold in Q3 priced $1m-$1.5m
This is a result of an increase in the proportion of smaller units being sold.
SPH buys 284-bed student dorms in Germany for $23.3m
The property is located in Bremen University which houses a population of 19,000 students.
City Developments profits down 33.7% to $114.96m in Q3
The property development segment generated lower gross profits.
Cromwell EREIT's Q3 NPI jumped 32.3% to $42.69m
Net income from office assets surged 76.6% to $23.26m.
Condo rents up 4.2% in October
CCR rents took the lead as it grew 6.3%.
HDB rolls out 8,170 flats for sale
The BTO projects span across Ang Mo Kio and Tampines.
Condo resale prices up 0.8% in October
The priciest unit resold was from The Marq On Paterson Hill for $29.5m.
Property agencies join forces in bid for survival
Eleven of the firms in Singapore Business Review’s 2017 list of largest real estate agencies no longer exist.
Co-living firm LOGIN adds The Lumos project to portfolio
This expansion brings the total number of the firm’s rooms from 59 to 109 by the end of 2019.
HDB resale volume rose 18% to 2,213 in October
About 2,320 flats will become eligible for resale in the next three months.
Depreciation for resales of old and new HDB flats slowed down in Q3: report
The high volume of resales weakened prices for flats aged 10 years old and younger.
Chart of the Day: Private condo prices up 3.1% in January-September
This is already higher than the projected increase by end-2019.
Chart of the Day: Foreigners snapped up 18.2% of Parc Clematis units
Its proximity to NUS, Jurong East, and One-North enhanced its appeal.
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