Residential Property
Private residential prices rise 3.8 YoY in Q3: URA
Private residential prices rise 3.8 YoY in Q3: URA
The increase was higher than URA’s initial estimate of 3.4%.
How did Singapore’s auction market perform in Q3?
Auction listings increased by 11.0% QoQ to 131 listings in the quarter.
Merger helped raise ESR-LOGOS Reit Q3 22 NPI by 59.1%
ESR-LOGOS Reit posted net property income of $69.9m.
Rising interest rates, property prices to drag housing affordability: report
Gradual household income gains are not sufficient to offset these hikes.
Redevelopment site along Pasir Panjang Road sold for $18.5m via bidding
It sold above the guide price of $18m.
‘Subdued’ market impact seen in new URA guidelines
The guideline sets a minimum of 20% dwelling units for new developments.
Singapore’s luxury homes market unchanged in Q3
Luxury non-landed market saw 110 transactions in the third quarter, similar to the previous quarter.
New home sales more than double in September
This was linked to two new mass market projects – Lentor Modern and Sky Eden@Bedok.
Chart of the day: Bigger ECs fetches bigger profits when resold
At least 1,600 sqft yielding an average gross profit of S$455,207 each.
Property investment sales decline 33.4% QoQ in Q3
Higher interest rates and global political uncertainties affected investment sales.
Meyer Park relaunched for sale with a reserve price of $420m
The tender for the property will close on 2 November.
Auctioned properties sold reached $48.92m in first 9 months of 2022
The number of properties sold increased by 19.23% compared to last year.
Are S-Reits with exposure to Europe safe from Euro depreciation?
UOBKayHian advises to maintain buy for six Reits whilst hold for one Reit.
Chart of the day: 99.9% of ECs sold made a gross profit averaging around $300k
Most ECs sold for a profit of $100k to less than $400k.
New home sales unhindered by rising mortgage rates
Sales were bolstered by the successful launches of major mass-market project.
Residential investment sales up for the 2nd consecutive quarter in Q3
It is the top performing sector during the period with $3.58b in sales.
HDB rents rise 3.2% MoM in September
By room type, 5 Room saw the highest rent increase.
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