Singapore private home sales up sharply in September
Developers sold 648 new private homes last month, a 48.3 per cent increase from the 437 units sold in August, according to the Urban Redevelopment Authority.
SINGAPORE: Buyers returned to the private housing market in September, with sales of homes surging 48.3 per cent from the previous month.
Excluding executive condominiums (ECs), developers sold 648 new units last month, up from the 437 units sold in August, data from the Urban Redevelopment Authority showed on Wednesday (Oct 15). Including Executive Condominiums (ECs), 707 new units were sold in September.
The strong sales came as developers launched more units for sale, with 514 units launched last month, up from 399 units launched in August.
- CNA/cy
- wong chee tat :)
Showing posts with label Point of Sale. Show all posts
Showing posts with label Point of Sale. Show all posts
Wednesday, October 15, 2014
Monday, September 30, 2013
Private resale home prices up 0.1% in August: SRPI
Private resale home prices up 0.1% in August: SRPI
POSTED: 30 Sep 2013 14:48
Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums.
SINGAPORE: Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums.
The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS).
Resale prices of private homes in the central area saw the biggest decline, down 1.1 per cent last month.
However, prices of units in the non-central region went up by 1.0 per cent. The index covering small units of 506 square feet and below also increased 1.0 per cent.
- CNA/ac
- wong chee tat :)
POSTED: 30 Sep 2013 14:48
Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums.
SINGAPORE: Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums.
The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS).
Resale prices of private homes in the central area saw the biggest decline, down 1.1 per cent last month.
However, prices of units in the non-central region went up by 1.0 per cent. The index covering small units of 506 square feet and below also increased 1.0 per cent.
- CNA/ac
- wong chee tat :)
Sunday, June 2, 2013
Gradual recovery in private resale property market: market watchers
Gradual recovery in private resale property market: market watchers
By Wong Siew Ying
POSTED: 31 May 2013 12:04 AM
Market watchers say the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January.
SINGAPORE: Market watchers have said the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January.
Based on preliminary estimates, some analysts said sales could potentially double in the second quarter compared to the first quarter.
New private homes may continue to pull in the buyers, but some analysts said the resale private property market is also picking up.
Real estate agency PropNex said it has seen resale transaction volume jump 20 per cent in April and May.
Enquiries and turnout at viewings of resale units have also improved, largely because buyers believe resale properties offer better value and comparable rental yield.
Mohamed Ismail, CEO of PropNex, said: "Sky Habitat at Bishan... is S$1,600 psf (per square foot). Bishan 8, opposite, goes at S$1,100. In other words, when you buy a resale unit, you are going to pay lower per square foot... absolute quantum is going to be lower, which means you pay lesser ABSD (additional buyer's stamp duty) to the government."
SLP International Property Consultants estimates that some 3,600 to 4,300 units of both completed and uncompleted units in the resale market could change hands in the second quarter.
This is up from about 2,200 units sold in the previous quarter.
Based on caveats lodged, analysts said that about 3,500 resale units have been transacted from January to early May this year.
About two-thirds of them are "family-sized" units above 100 square metres.
They added that the resale property market is likely to see a sustainable recovery, but there are potential risks as well.
Nicholas Mak, executive director of SLP International Property Consultants, said: "If prices continue to increase and rental yields continue to be compressed, one of the risks is that if interest rates were to increase this year or next year, we could see that this would actually discourage investors, because if rental yield is compressed to such a low level, any increase in interest rates would make that investment property less attractive."
Mr Mak said that currently, the average rental yield for private homes in Singapore hovers between 1.8 per cent and 2.2 per cent.
Some analysts said that prices in the resale market are catching up with prices of units in new launches. For the whole year, they said that prices of resale private properties could go up by as much as 8 per cent, barring any additional cooling measures.
Some analysts added that the total units of resale private homes sold in 2013 should be comparable to the 15,136 transacted last year.
- CNA/ms
- wong chee tat :)
By Wong Siew Ying
POSTED: 31 May 2013 12:04 AM
Market watchers say the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January.
SINGAPORE: Market watchers have said the private resale property market is seeing a gradual recovery after a drop in transaction volume in the first quarter this year following the introduction of cooling measures in January.
Based on preliminary estimates, some analysts said sales could potentially double in the second quarter compared to the first quarter.
New private homes may continue to pull in the buyers, but some analysts said the resale private property market is also picking up.
Real estate agency PropNex said it has seen resale transaction volume jump 20 per cent in April and May.
Enquiries and turnout at viewings of resale units have also improved, largely because buyers believe resale properties offer better value and comparable rental yield.
Mohamed Ismail, CEO of PropNex, said: "Sky Habitat at Bishan... is S$1,600 psf (per square foot). Bishan 8, opposite, goes at S$1,100. In other words, when you buy a resale unit, you are going to pay lower per square foot... absolute quantum is going to be lower, which means you pay lesser ABSD (additional buyer's stamp duty) to the government."
SLP International Property Consultants estimates that some 3,600 to 4,300 units of both completed and uncompleted units in the resale market could change hands in the second quarter.
This is up from about 2,200 units sold in the previous quarter.
Based on caveats lodged, analysts said that about 3,500 resale units have been transacted from January to early May this year.
About two-thirds of them are "family-sized" units above 100 square metres.
They added that the resale property market is likely to see a sustainable recovery, but there are potential risks as well.
Nicholas Mak, executive director of SLP International Property Consultants, said: "If prices continue to increase and rental yields continue to be compressed, one of the risks is that if interest rates were to increase this year or next year, we could see that this would actually discourage investors, because if rental yield is compressed to such a low level, any increase in interest rates would make that investment property less attractive."
Mr Mak said that currently, the average rental yield for private homes in Singapore hovers between 1.8 per cent and 2.2 per cent.
Some analysts said that prices in the resale market are catching up with prices of units in new launches. For the whole year, they said that prices of resale private properties could go up by as much as 8 per cent, barring any additional cooling measures.
Some analysts added that the total units of resale private homes sold in 2013 should be comparable to the 15,136 transacted last year.
- CNA/ms
- wong chee tat :)
Thursday, May 30, 2013
Great Singapore Sale begins on Friday
Great Singapore Sale begins on Friday
By Sharon See
POSTED: 30 May 2013 9:05 PM
To celebrate the 20th anniversary of the Great Singapore Sale, the Singapore Retailers Association said it will reward the biggest spender at the sale with S$20,000.
SINGAPORE: Retailers and food outlets islandwide will be offering a slew of deals and bargains during the Great Singapore Sale, which starts on Friday.
To celebrate the 20th anniversary of the Great Singapore Sale, the Singapore Retailers Association said it will reward the biggest spender at the sale with S$20,000.
It is also doing its part for the community during this shopping season.
The Association is giving S$20,000 to charity, to help underprivileged children experience the the joy of shopping.
With the money, some will get to do a home makeover, while others will get a shopping budget to buy items of their choice.
Dr Jannie Chan, president of the Singapore Retailers Association, said: "Last year, I was very moved when we started this programme for two homes, and I realised they did not even have shoes, for a year, they have never had a makeover, their mothers do not even have a handbag. And we felt we want to extend this. So this year, we are extending it to five, and I am going to participate in it, and we are encouraging the sponsors to participate.
"This is something that we will probably grow because it is something that is meaningful; it is relating to shopping, it makes a difference to their lives and it will help us understand different types of consumers, and if we know that we can give more, we certainly will."
- CNA/ms
- wong chee tat :)
By Sharon See
POSTED: 30 May 2013 9:05 PM
To celebrate the 20th anniversary of the Great Singapore Sale, the Singapore Retailers Association said it will reward the biggest spender at the sale with S$20,000.
SINGAPORE: Retailers and food outlets islandwide will be offering a slew of deals and bargains during the Great Singapore Sale, which starts on Friday.
To celebrate the 20th anniversary of the Great Singapore Sale, the Singapore Retailers Association said it will reward the biggest spender at the sale with S$20,000.
It is also doing its part for the community during this shopping season.
The Association is giving S$20,000 to charity, to help underprivileged children experience the the joy of shopping.
With the money, some will get to do a home makeover, while others will get a shopping budget to buy items of their choice.
Dr Jannie Chan, president of the Singapore Retailers Association, said: "Last year, I was very moved when we started this programme for two homes, and I realised they did not even have shoes, for a year, they have never had a makeover, their mothers do not even have a handbag. And we felt we want to extend this. So this year, we are extending it to five, and I am going to participate in it, and we are encouraging the sponsors to participate.
"This is something that we will probably grow because it is something that is meaningful; it is relating to shopping, it makes a difference to their lives and it will help us understand different types of consumers, and if we know that we can give more, we certainly will."
- CNA/ms
- wong chee tat :)
Thursday, March 7, 2013
10-year-old 5-room flat sold for S$945,000
10-year-old 5-room flat sold for S$945,000
Posted: 07 March 2013 1758 hrs
SINGAPORE: More five-room resale flats have been sold above the S$900,000-mark, especially in estates like Redhill, Queenstown, Toa Payoh and Marine Parade.
A 10-year-old flat measuring 1,184 square feet at Block 23 Jalan Membina, near Tiong Bahru MRT station, was sold for S$945,000.
This means that its price of S$800 per square foot is similar to suburban executive condominiums but half the price of private condominiums in the area.
According to the HDB, just in the first two months of this year alone, 10 resale flats were sold for more than S$900,000 each.
And, the Singapore Real Estate Exchange said prices have risen by 5 per cent in the past year.
Senior manager for training, research and consultancy at DWG, Lee Sze Teck, attributed the high prices of these resale flats to them being in "mature estates (where) the BTO supply is limited. Also, because of the high private property prices in these areas."
"We expect the resale market to remain stable, because the government is going to build a lot more BTO flats. We only expect resale flat supply to increase in the second half of 2013," he said.
- CNA/ck/ir
- wong chee tat :)
Posted: 07 March 2013 1758 hrs
SINGAPORE: More five-room resale flats have been sold above the S$900,000-mark, especially in estates like Redhill, Queenstown, Toa Payoh and Marine Parade.
A 10-year-old flat measuring 1,184 square feet at Block 23 Jalan Membina, near Tiong Bahru MRT station, was sold for S$945,000.
This means that its price of S$800 per square foot is similar to suburban executive condominiums but half the price of private condominiums in the area.
According to the HDB, just in the first two months of this year alone, 10 resale flats were sold for more than S$900,000 each.
And, the Singapore Real Estate Exchange said prices have risen by 5 per cent in the past year.
Senior manager for training, research and consultancy at DWG, Lee Sze Teck, attributed the high prices of these resale flats to them being in "mature estates (where) the BTO supply is limited. Also, because of the high private property prices in these areas."
"We expect the resale market to remain stable, because the government is going to build a lot more BTO flats. We only expect resale flat supply to increase in the second half of 2013," he said.
- CNA/ck/ir
- wong chee tat :)
Friday, November 9, 2012
McDonald's sales drops for first time since 2003
McDonald's sales drops for first time since 2003
Posted: Nov 08, 2012 9:19 PM Updated: Nov 09, 2012 7:47 AM
NEW YORK (AP) -
McDonald's Corp. says a key sales figure fell in October, marking the first monthly drop in nearly a decade for the world's biggest hamburger chain.
The company, based in Oak Brook, Ill., says global sales at restaurants open at least a year fell 1.8 percent for the month. The last time the figure dropped was in 2003. The figure is a key metric because it strips out the impact of newly opened and closed locations.
The fast-food chain says the figure fell 2.2 percent in both the U.S. and Europe. In the region encompassing Asia, the Middle East and Africa, it dropped 2.4 percent.
After year of outperforming its rivals, McDonald's has seen sales slow recently as the company faces intensifying competition and a persistently weak economy.
Copyright 2012 The Associated Press.
- wong chee tat :)
Posted: Nov 08, 2012 9:19 PM Updated: Nov 09, 2012 7:47 AM
NEW YORK (AP) -
McDonald's Corp. says a key sales figure fell in October, marking the first monthly drop in nearly a decade for the world's biggest hamburger chain.
The company, based in Oak Brook, Ill., says global sales at restaurants open at least a year fell 1.8 percent for the month. The last time the figure dropped was in 2003. The figure is a key metric because it strips out the impact of newly opened and closed locations.
The fast-food chain says the figure fell 2.2 percent in both the U.S. and Europe. In the region encompassing Asia, the Middle East and Africa, it dropped 2.4 percent.
After year of outperforming its rivals, McDonald's has seen sales slow recently as the company faces intensifying competition and a persistently weak economy.
Copyright 2012 The Associated Press.
- wong chee tat :)
Monday, August 8, 2011
Sunday, August 7, 2011
Saturday, August 6, 2011
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