Residential Property
Chart of the Day: Commercial sector dominates investment sales transactions in Q1 2023
Chart of the Day: Commercial sector dominates investment sales transactions in Q1 2023
The sector saw a total investment sales of $3.38b
Property investment volume falls 63.3% YoY to $4b
It is the lowest quarterly investment volume registered since Q4 2020.
SG Prime residential properties grow 2% to 61,939 in Q1
JLL expected the completed supply would peak within the year.
New home sales rise 13.6% MoM in March
However, it is 24.8% less than 654 units year-over-year.
New home sales at an upward trend in March: property experts
Developers sold 1,318 units in the first quarter of 2023.
Chart of the Day: OCR is the most active region in March developers' sales
Projects in the CCR dominated the top 10 bestselling projects.
Far East Orchard eyes stabilisation of hospitality business by 2024/25
To achieve such, it will grow its portfolio to 25,000 beds within two years.
HDB shophouse with a living quarter in Hougang Ave 1 up for sale
It is being sold for $5.40m.
GuocoLand-led JV clinches $486.8m Lentor Gardens site
The site spans 235,371 sq ft.
Real estate investment volume surges 73% QoQ to $6.07b
The residential sector saw the highest investment growth.
Price-sensitive homebuyers become cautious due to inflation
Increasing borrowing costs and economic uncertainties contribute to this.
Luxury homes prices lagged in city-fringe and suburban counterparts
Prices for luxury non-landed homes are at $5.50 psf pm.
Lentor Central site to get ‘lukewarm response’
Developers may be cautious in bidding due to pipeline supply.
Tembusu Grand sells over 50% of units at launch
It is the best-selling project in the Rest of Central Region to date.
Expect slight decline in residential price index in H2 23: RHB
This is due to increased competition and supply as well as slow economic growth.
Two reasons behind rebound in HDB resale flat market in March
Property experts attributed the rebound to holidays and government grants.
HDB resale prices up by 0.5% MoM in March
This came mainly from 5-room and executive HDB flats.
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