Residential Property
Condo resale prices increase by 7.6% YoY in September
Condo resale prices increase by 7.6% YoY in September
Across submarkets, RCR posted the highest year-on-year price increase.
Condo resale volumes drop 18.4% MoM in September
Over 700 units got resold during the month.
Private residential resale volume slips 12% YoY to 2,748 units in 3Q23
For 2023, OrangeTee expects resale volume to reach 10,000-12,000 units.
Private residential non-landed rents increase by up to 10% in 2023
Year-to-date, rents have risen by 7%.
Far East Hospitality Trust's net property income soars to $28.1m in 3Q23
The 3Q23 NPI is 42.4% higher than the 3Q22 record of $19.7m.
Luxury condos may be more attractive due to smallest price gap in resale condos
The smallest gap for resale condos was last seen in Q3 2001.
HDB to include singles in Sample Household Survey
More than 8,000 households and single occupiers will take part in the survey.
HDB to redevelop Tanglin Halt estate
The redevelopment will introduce 5,500 new flats.
3 factors why Singaporeans are drawn to UK properties
A global tourism adviser named London as the world’s best city, making it more attractive to buyers worldwide.
Experts forecast a starting price of $550,000 for 4-room flats in Tanglin Halt development
The development is likely to adopt a prime location public housing (PLH) model.
Record building completion to soften office rents in 2024
Savills expects rents to soften from -2% YoY to -3% YoY.
Fewer HDB upgraders bought condos for at least $5m in 3Q23
Only 12 units were transacted for at least $5m.
URA puts up Orchard Boulevard site for sale under GLS programme
The site is residential with a 1st storey commercial and has a 99-year lease period.
Savills cuts 2023 property investment sales value forecast to $19b-$21b
This is on the back of the geopolitical situation globally.
Property investment value doubles QoQ to $7.13b in Q3
Investments in the residential sector also doubled to $3.43b.
Mixed-use property at River Valley Road for sale via tender
Mixed-use property at River Valley Road for sale via tender
Experts anticipate limited bidding enthusiasm for Orchard Boulevard GLS site
The site may attract one to five bidders, said experts.
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