Sales of new private homes down 31.4% in November
Posted 15 Dec 2016 12:50 Updated 15 Dec 2016 22:46
SINGAPORE: Private property developers saw lacklustre sales in November, with the number of new units sold falling 31.4 per cent from the previous month, figures released by the Urban Redevelopment Authority (URA) on Thursday (Dec 15) showed.
Excluding executive condominiums (ECs), 860 new private homes were sold last month, down from the 1,253 units sold in October. Including ECs, 1,110 units were sold, down from October’s 1,542 units.
Property developers launched a total of 1,363 units in November, fewer than the 1,467 units put up for sale the previous month. The bulk of the units were from the Queen’s Peak development in Queenstown, which launched 736 units and sold 271, and the Parc Riviera project in West Coast, which launched 200 units and sold 128.
- CNA/cy
- wong chee tat :)
Showing posts with label executive condos. Show all posts
Showing posts with label executive condos. Show all posts
Saturday, December 17, 2016
Wednesday, January 13, 2016
12月私宅租金微涨0.1％
12月私宅租金微涨0.1％
周文龙 2016年01月13日 1557
（联合早报网讯）房地产交易网站SRX今天发布最新的房地产租金数据，本地私宅租金止跌回升，去年12月份私宅租金比之前一个月微升0.1％，终止了非有地私宅租金连续10个月跌势。
数据显示，12月份各类别私宅中，核心中央区（CCR）和中央区以外（OCR）的私宅租金上扬，分别涨了1.0％和0.1％。其他中央区（RCR）的私宅项目则下跌0.6％。
同比而言，去年12月私宅租金同比下跌5.4％。
就出租私宅单位数量方面，12月份出租单位减少7％，从去年11月的3325个单位，在12月跌至3093个单位。
另一方面，SRX发布的组屋租金数据，12月份组屋租金环比下跌0.6％。
三房式、四房式、五房式组屋租金分别跌0.6％、0.8％和0.8％。公寓式组屋租金则持平。
12月份出租的组屋单位预计有1790个，较11月份的1817个，增加1.5％。
- See more at: http://www.zaobao.com.sg/realtime/singapore/story20160113-570482#sthash.si0A8mqH.dpuf
- wong chee tat :)
周文龙 2016年01月13日 1557
（联合早报网讯）房地产交易网站SRX今天发布最新的房地产租金数据，本地私宅租金止跌回升，去年12月份私宅租金比之前一个月微升0.1％，终止了非有地私宅租金连续10个月跌势。
数据显示，12月份各类别私宅中，核心中央区（CCR）和中央区以外（OCR）的私宅租金上扬，分别涨了1.0％和0.1％。其他中央区（RCR）的私宅项目则下跌0.6％。
同比而言，去年12月私宅租金同比下跌5.4％。
就出租私宅单位数量方面，12月份出租单位减少7％，从去年11月的3325个单位，在12月跌至3093个单位。
另一方面，SRX发布的组屋租金数据，12月份组屋租金环比下跌0.6％。
三房式、四房式、五房式组屋租金分别跌0.6％、0.8％和0.8％。公寓式组屋租金则持平。
12月份出租的组屋单位预计有1790个，较11月份的1817个，增加1.5％。
- See more at: http://www.zaobao.com.sg/realtime/singapore/story20160113-570482#sthash.si0A8mqH.dpuf
- wong chee tat :)
SRX预估数据： 公寓转售价去年跌势放缓
SRX预估数据： 公寓转售价去年跌势放缓
涂健强 2016年01月13日
涂健强 报道 thorkk@sph.com.sg
2015年对本地私宅领域来说像是还未过完的寒冬，房地产交易网站SRX昨天公布的最新预估数据显示，本地公寓的转售价格在去年下跌了2.1％。不过，跟前年的4％跌幅比较，去年的情况已有改善，而去年私宅转售数量也比2014年增加28％。
不过分析师预计今年私宅市场仍会保持疲弱，屋价会进一步下跌2％至3％。
上月非有地私宅转售价
无法延续11月上涨趋势
用来追踪转售价格数据的SRX Property Index（简称SPI指数）显示，上个月非有地私宅转售价格无法延续11月的上涨趋势，12月的公寓市场交易量虽然有所增加，但是转售价却比11月下跌0.8％，其中，位于其他中央区（RCR）的私宅跌幅最大（1.2%）,核心中央区（CCR）和中央区以外（OCR）的转售价格则分别下跌0.5％和0.7％。
若和2014年12月相比，2015年12月的公寓转售价减少了2.1％，和2014年1月的高峰期相比则下跌7.8％。
ERA产业主要执行员林东荣认为，去年私宅价格跌幅比2014年的4％跌幅来得小，这对于屋主而言算是一个小小的慰藉，不过在市场环境没有改善的情况下，今年私宅价格预计仍会进一步下跌。
林东荣说：“踏入2016年，本地私宅市场预计仍会面对很强劲的逆风，因为新加坡经济疲弱的走势还有利率上升都是可以遇见的事情。”
博纳集团（PropNex Realty）总裁伊斯迈（Mohamed Ismail）同样预测，在政府仍然维持降温措施的情况下，预计本地私宅价格在今年会缓慢下跌2％到3％，但他认为房价下跌后，便宜的房价可以促使买家出手购买，这将会让私宅的交易量有所提升。
SRX的数据显示，去年12月有519个公寓单位的转售交易，比11月的472个单位增加了10％，与2014年同期的360个转售单位相比则增加了44.2％。
伊斯迈说：“虽然价格下跌反映出目前疲弱的市场情绪以及降温措施的影响还在，可是交易量上升却反映买家有信心房价已慢慢筑底，过后将会反弹，所以愿意进场出手。”
林东荣说：“12月份向来是交易淡静的季节，所以有关交易量提升很令人看好，我们发现有更多买家转向投资转售市场，尤其是寻找更大型单位的自住型买家，因为发展商所推出的新单位基本上都是更小型的单位。全年而言，SRX数据显示2015年的公寓转售数量为6364个单位，比2014年增加28％，今年预计也会有更多的转售交易，新项目推出的单位数量预计会减少。”
SRX的数据显示，去年12月有519个公寓单位的转售交易，比11月的472个单位增加了10％，与2014年同期的360个转售单位相比则增加了44.2％。
- See more at: http://www.zaobao.com.sg/finance/singapore/story20160113-570313#sthash.lXWO5DIE.dpuf
- wong chee tat :)
涂健强 2016年01月13日
涂健强 报道 thorkk@sph.com.sg
2015年对本地私宅领域来说像是还未过完的寒冬，房地产交易网站SRX昨天公布的最新预估数据显示，本地公寓的转售价格在去年下跌了2.1％。不过，跟前年的4％跌幅比较，去年的情况已有改善，而去年私宅转售数量也比2014年增加28％。
不过分析师预计今年私宅市场仍会保持疲弱，屋价会进一步下跌2％至3％。
上月非有地私宅转售价
无法延续11月上涨趋势
用来追踪转售价格数据的SRX Property Index（简称SPI指数）显示，上个月非有地私宅转售价格无法延续11月的上涨趋势，12月的公寓市场交易量虽然有所增加，但是转售价却比11月下跌0.8％，其中，位于其他中央区（RCR）的私宅跌幅最大（1.2%）,核心中央区（CCR）和中央区以外（OCR）的转售价格则分别下跌0.5％和0.7％。
若和2014年12月相比，2015年12月的公寓转售价减少了2.1％，和2014年1月的高峰期相比则下跌7.8％。
ERA产业主要执行员林东荣认为，去年私宅价格跌幅比2014年的4％跌幅来得小，这对于屋主而言算是一个小小的慰藉，不过在市场环境没有改善的情况下，今年私宅价格预计仍会进一步下跌。
林东荣说：“踏入2016年，本地私宅市场预计仍会面对很强劲的逆风，因为新加坡经济疲弱的走势还有利率上升都是可以遇见的事情。”
博纳集团（PropNex Realty）总裁伊斯迈（Mohamed Ismail）同样预测，在政府仍然维持降温措施的情况下，预计本地私宅价格在今年会缓慢下跌2％到3％，但他认为房价下跌后，便宜的房价可以促使买家出手购买，这将会让私宅的交易量有所提升。
SRX的数据显示，去年12月有519个公寓单位的转售交易，比11月的472个单位增加了10％，与2014年同期的360个转售单位相比则增加了44.2％。
伊斯迈说：“虽然价格下跌反映出目前疲弱的市场情绪以及降温措施的影响还在，可是交易量上升却反映买家有信心房价已慢慢筑底，过后将会反弹，所以愿意进场出手。”
林东荣说：“12月份向来是交易淡静的季节，所以有关交易量提升很令人看好，我们发现有更多买家转向投资转售市场，尤其是寻找更大型单位的自住型买家，因为发展商所推出的新单位基本上都是更小型的单位。全年而言，SRX数据显示2015年的公寓转售数量为6364个单位，比2014年增加28％，今年预计也会有更多的转售交易，新项目推出的单位数量预计会减少。”
SRX的数据显示，去年12月有519个公寓单位的转售交易，比11月的472个单位增加了10％，与2014年同期的360个转售单位相比则增加了44.2％。
- See more at: http://www.zaobao.com.sg/finance/singapore/story20160113-570313#sthash.lXWO5DIE.dpuf
- wong chee tat :)
Monday, November 30, 2015
Lower Property Tax in 2016
Lower Property Tax in 2016
- wong chee tat :)
30 Nov 2015
With Annual Values of HDB and private residential properties reduced in line with market rentals, 93% of residential property owners will pay lower property tax.
All HDB flat owners will pay lower or no property tax next year while 8 in 10 private residential property owners will pay lower property tax in 2016. In particular, all 1- and 2-room HDB flat owner-occupiers and 28,200 3-room HDB flat owner-occupiers will not have to pay any property tax when the revised annual values take effect from 1 Jan 2016.
The tax savings for HDB flats will range from 9% to 24%, compared to property tax paid in 2015. Of the private residential properties with reduced annual values, more than 80% will see tax savings of between 3% and 20%.
Lower Property Tax in 2016 for Owner-Occupied HDB Flats
| HDB Flat Type | 2016 Property Tax Payable | 2015 Property Tax Payable | Savings in 20161 |
|---|---|---|---|
| 3-Room Flat | $0 - $37.60 | $1.60 - $49.60 | $1.60-$12.00 (At least 24%) |
| 4-Room Flat | $71.20 - $119.20 | $85.60 - $133.60 | $14.40 (At least 11%) |
| 5-Room Flat | $104.80 - $152.80 | $121.60 - $169.60 | $16.80 (At least 10%) |
| Executive Flat2 | $116.80 - $164.80 | $133.60 - $181.60 | $16.80 (At least 9%) |
The Inland Revenue Authority of Singapore (IRAS) reviews the Annual Values (AVs) of properties annually to ensure that they reflect prevailing market rentals. Property tax is a tax on property ownership and it is payable on all properties regardless whether the property is rented out, owner-occupied, or left vacant. Property tax is computed on AVs, by multiplying the AV of the property with the relevant set of progressive property tax rates for residential properties. The concessionary ‘Owner-Occupier Residential Tax Rates’ is applied on owner-occupied residential properties while the ‘Residential Tax Rates’ is applied on non-owner-occupied properties (Refer to Annex 1).
Simplified e-Service to Check Property Tax Payable New!
Property owners can use a new e-Service - ‘e-Property Tax Balance’ – to check if there is any tax payable on their properties and whether the current payment mode is by GIRO. Property owners simply enter the property tax reference number or property address and the NRIC of any of the owners to find out the property tax payable.
Pay Your 2016 Property Tax by 31 Jan 2016
Property tax has to be paid by 31 Jan 2016. IRAS encourages property owners to join GIRO to enjoy up to 12 interest-free monthly instalments or opt for a one-time deduction. Taxpayers who have bank accounts with DBS/POSB, UOB or OCBC can apply for GIRO via Internet Banking and receive instant approval.
A 5% penalty will be imposed on property owners who fail to pay or have not arranged to pay their tax by 31 Jan 2016. Property owners facing financial difficulties are advised to contact IRAS at 1800-356 8300 before the due date to discuss a suitable payment plan.
For more information and answers to frequently asked questions, please visit www.iras.gov.sg> Property> Property Owners> 2016 Property Tax Bills.
1Tax Savings and Property Tax Payable are calculated based on owner-occupied HDB flats.
2This does not include Executive Condominiums.
Inland Revenue Authority of Singapore
- wong chee tat :)
Monday, November 16, 2015
Private home sales jump 60.1% in October
Private home sales jump 60.1% in October
Property developers sold 546 new private residential units last month, up from the 341 units sold in September, according to data released by the Urban Redevelopment Authority.
POSTED: 16 Nov 2015 15:14 UPDATED: 16 Nov 2015 15:45
SINGAPORE: Sales of new private homes jumped 60.1 per cent last month.
Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16).
The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the previous month.
When ECs are included, developer sales rose to 822 units last month compared with 629 units in September.
However, the number of ECs sold was 4 per cent fewer than the previous month, at 276 units. This was in line with the drop in launches, which was 505 units in October, compared with 525 units in September.
The Criterion was the only EC launched last month, which sold 41 out of its 505 units at a median price of S$805 per square foot.
- CNA/av
- wong chee tat :)
Property developers sold 546 new private residential units last month, up from the 341 units sold in September, according to data released by the Urban Redevelopment Authority.
POSTED: 16 Nov 2015 15:14 UPDATED: 16 Nov 2015 15:45
SINGAPORE: Sales of new private homes jumped 60.1 per cent last month.
Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16).
The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the previous month.
When ECs are included, developer sales rose to 822 units last month compared with 629 units in September.
However, the number of ECs sold was 4 per cent fewer than the previous month, at 276 units. This was in line with the drop in launches, which was 505 units in October, compared with 525 units in September.
The Criterion was the only EC launched last month, which sold 41 out of its 505 units at a median price of S$805 per square foot.
- CNA/av
- wong chee tat :)
Thursday, November 12, 2015
与母砸钱买公寓 方伟杰为结婚铺路
与母砸钱买公寓
方伟杰为结婚铺路
09/11/2015by 蔡欣盈
方伟杰住在20多层楼高，最爱家里的阳台。（受访者）
游子方伟杰曾四处租房居无定所，母亲砸积蓄买下大巴窑公寓，助儿子将来结婚娶老婆！
方伟杰10多年前从上海来到新加坡求学，住过很多地方，从丹戎加东搬到维拉三美路、红山、旧合乐路和惹兰红山皆是跟别人租房子，直至两年前，才在大巴窑买下自己的安乐窝。当时，方伟杰已入行赚到钱，跟妈妈合资买房，不过，母亲出了大部分，砸下大笔积蓄，两母子才终于在本地有属于自己的家。
母为他结婚‘铺路’
25岁的他笑说：“我妈妈把这个房子买下来，是为了给我结婚用的！”他解释，身为一个男人，结婚的时候要有经济上的安全感。“不管是新加坡，还是中国上海，买屋子其实是非常重要的事情，这间屋子我跟我妈买下来之后，我觉得可以，省下我10年的时间去拼搏。新加坡的房子很贵，省了很多事情。”
他认为，如果没有这间房子当“经济基础”，日后房价再涨，到时就不知道自己有没有能力买房子。“已经有这个房子，以后可以花下一个10年去买第二个房子，然后把第一个租出去，不知道以后发生什么事情，可能以后没有赚到这么多钱，也至少，在新加坡有自己的房子。”
房东欠钱屋被封 累他麦当劳当‘家’
方伟杰在理工学院就读时，住在红山。当时，房东拖欠相关单位的钱，屋子被封，因为不想麻烦友人，最后流连全岛各地，把麦当劳快餐店当成“家”。
试过无家可归的他说：“我觉得，有钱有车没什么，更重要是有一个家，有一个避风港，这个是很重要的。”
他和母亲是新加坡永久居民，日后希望在本地长住。“我来新加坡10多年了，有一个家非常温馨，从小到大一直在外面租房子，搬来搬去，没有一个归属感，现在有了家有了归属感。”并多次强调：“有家才是最重要的。”
最爱家里的阳台
他喜欢住家附近的环境，交通方便，四通八达，也靠近电视台。
说到此处，他失笑说：“但，（电视台）马上要搬了！本来想说，公司那么靠近我们就买这个地方，买下来之后，却要搬了，哈哈。”
家里方面，因住在20多层楼高，他最爱的是家里的阳台，可以登高望远、有风景。至于自己的房间，他先用了“简陋”再用了“麻雀虽小五脏俱全”形容。他说：“我以前和妈妈在新加坡是睡上下铺的，我妈睡下面我睡上面，这次不一样，我们一人有一间房，很开心。”
不过，他的衣服、鞋子多，房间不够位放，已经“侵入”母亲的房间，常被母亲念“你的衣服已经多到堆成山了，可以不要这样吗，你不要穿的就拿出来就捐给人家”，并笑说，衣服和鞋子的数量比母亲多五倍。
方伟杰之所以会自创服饰品牌“First Attempt”，也跟这个大巴窑的家有关。
一年多前，他邀好兄弟到家里看红魔曼联的球赛，“我们一边看球赛，一边聊衣服，点子很多，然后品牌就出来了，第二天就落实了。”
家中最特别摆设 舅舅‘女娲补天’
说到家里最特别的摆设，他说是住在上海的舅舅送的《女娲补天》画。
“只用了钢笔画的，舅舅从小就很会画画，可是他不是画家，当了医生。妈妈很喜欢，在上海跟舅舅要回来的。”
除此之外，另一个重要的“摆设”就是“红星大奖”的“最佳新人”和“十大最受欢迎男艺人”奖座。
两个奖座目前放在进出家门都看得到的地方，如未来拿到更多的奖座，才会买一个玻璃柜把奖座放进去。
- wong chee tat :)
方伟杰为结婚铺路
09/11/2015by 蔡欣盈
方伟杰住在20多层楼高，最爱家里的阳台。（受访者）
游子方伟杰曾四处租房居无定所，母亲砸积蓄买下大巴窑公寓，助儿子将来结婚娶老婆！
方伟杰10多年前从上海来到新加坡求学，住过很多地方，从丹戎加东搬到维拉三美路、红山、旧合乐路和惹兰红山皆是跟别人租房子，直至两年前，才在大巴窑买下自己的安乐窝。当时，方伟杰已入行赚到钱，跟妈妈合资买房，不过，母亲出了大部分，砸下大笔积蓄，两母子才终于在本地有属于自己的家。
母为他结婚‘铺路’
25岁的他笑说：“我妈妈把这个房子买下来，是为了给我结婚用的！”他解释，身为一个男人，结婚的时候要有经济上的安全感。“不管是新加坡，还是中国上海，买屋子其实是非常重要的事情，这间屋子我跟我妈买下来之后，我觉得可以，省下我10年的时间去拼搏。新加坡的房子很贵，省了很多事情。”
他认为，如果没有这间房子当“经济基础”，日后房价再涨，到时就不知道自己有没有能力买房子。“已经有这个房子，以后可以花下一个10年去买第二个房子，然后把第一个租出去，不知道以后发生什么事情，可能以后没有赚到这么多钱，也至少，在新加坡有自己的房子。”
房东欠钱屋被封 累他麦当劳当‘家’
方伟杰在理工学院就读时，住在红山。当时，房东拖欠相关单位的钱，屋子被封，因为不想麻烦友人，最后流连全岛各地，把麦当劳快餐店当成“家”。
试过无家可归的他说：“我觉得，有钱有车没什么，更重要是有一个家，有一个避风港，这个是很重要的。”
他和母亲是新加坡永久居民，日后希望在本地长住。“我来新加坡10多年了，有一个家非常温馨，从小到大一直在外面租房子，搬来搬去，没有一个归属感，现在有了家有了归属感。”并多次强调：“有家才是最重要的。”
最爱家里的阳台
他喜欢住家附近的环境，交通方便，四通八达，也靠近电视台。
说到此处，他失笑说：“但，（电视台）马上要搬了！本来想说，公司那么靠近我们就买这个地方，买下来之后，却要搬了，哈哈。”
家里方面，因住在20多层楼高，他最爱的是家里的阳台，可以登高望远、有风景。至于自己的房间，他先用了“简陋”再用了“麻雀虽小五脏俱全”形容。他说：“我以前和妈妈在新加坡是睡上下铺的，我妈睡下面我睡上面，这次不一样，我们一人有一间房，很开心。”
不过，他的衣服、鞋子多，房间不够位放，已经“侵入”母亲的房间，常被母亲念“你的衣服已经多到堆成山了，可以不要这样吗，你不要穿的就拿出来就捐给人家”，并笑说，衣服和鞋子的数量比母亲多五倍。
方伟杰之所以会自创服饰品牌“First Attempt”，也跟这个大巴窑的家有关。
一年多前，他邀好兄弟到家里看红魔曼联的球赛，“我们一边看球赛，一边聊衣服，点子很多，然后品牌就出来了，第二天就落实了。”
家中最特别摆设 舅舅‘女娲补天’
说到家里最特别的摆设，他说是住在上海的舅舅送的《女娲补天》画。
“只用了钢笔画的，舅舅从小就很会画画，可是他不是画家，当了医生。妈妈很喜欢，在上海跟舅舅要回来的。”
除此之外，另一个重要的“摆设”就是“红星大奖”的“最佳新人”和“十大最受欢迎男艺人”奖座。
两个奖座目前放在进出家门都看得到的地方，如未来拿到更多的奖座，才会买一个玻璃柜把奖座放进去。
- wong chee tat :)
Thursday, November 5, 2015
HDB resale prices remain flat in October: SRX Property
HDB resale prices remain flat in October: SRX Property
Prices for 4-room and 5-room flats fell while prices for 3-room and Executive flats rose.
POSTED: 05 Nov 2015 12:16 UPDATED: 05 Nov 2015 12:57
SINGAPORE: The resale prices of Housing and Development Board (HDB) flats were unchanged month-on-month in October, the Singapore Real Estate Exchange (SRX Property) said on Thursday (Nov 5).
The resale prices for 3-room flats and Executive flats rose by 0.7 and 0.9 per cent, respectively, while the resale prices for 4- and 5-room flats fell 0.8 and 0.1 per cent, respectively.
Overall, prices have declined 2.6 per cent from the same period a year ago and 11.7 per cent from the peak in April 2013, SRX Property said.
A total of 1,745 HDB resale flats were sold last month, a 16 per cent rise from the 1,504 transacted units the previous month. Compared with a year ago, resale volume was up 12.4 per cent, SRX Property said.
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, was S$1,000 last month.
For HDB towns with more than 10 resale transactions, Bishan reported the highest median TOX of S$15,000, followed by Queenstown with S$7,000. The lowest median TOX were in Central Area and Hougang, at negative S$17,000 and negative S$5,500, respectively.
- CNA/av
- wong chee tat :)
Prices for 4-room and 5-room flats fell while prices for 3-room and Executive flats rose.
POSTED: 05 Nov 2015 12:16 UPDATED: 05 Nov 2015 12:57
SINGAPORE: The resale prices of Housing and Development Board (HDB) flats were unchanged month-on-month in October, the Singapore Real Estate Exchange (SRX Property) said on Thursday (Nov 5).
The resale prices for 3-room flats and Executive flats rose by 0.7 and 0.9 per cent, respectively, while the resale prices for 4- and 5-room flats fell 0.8 and 0.1 per cent, respectively.
Overall, prices have declined 2.6 per cent from the same period a year ago and 11.7 per cent from the peak in April 2013, SRX Property said.
A total of 1,745 HDB resale flats were sold last month, a 16 per cent rise from the 1,504 transacted units the previous month. Compared with a year ago, resale volume was up 12.4 per cent, SRX Property said.
The overall median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, was S$1,000 last month.
For HDB towns with more than 10 resale transactions, Bishan reported the highest median TOX of S$15,000, followed by Queenstown with S$7,000. The lowest median TOX were in Central Area and Hougang, at negative S$17,000 and negative S$5,500, respectively.
- CNA/av
- wong chee tat :)
Friday, October 16, 2015
TOP - Temporary Occupation Permit
TOP?
TOP or Temporary Occupation Permit:
In layman terms, TOP refers to the time when construction is completed and a property is ready to be occupied. The Building Authority would also have issued a Certificate of Statutory Completion (CSC) at this time.
- Link:
- wong chee tat :)
TOP or Temporary Occupation Permit:
In layman terms, TOP refers to the time when construction is completed and a property is ready to be occupied. The Building Authority would also have issued a Certificate of Statutory Completion (CSC) at this time.
- Link:
- wong chee tat :)
Monday, September 28, 2015
First EC project after raised income ceiling rules opens for bookings at Yishun
First EC project after raised income ceiling rules opens for bookings at Yishun
The project at Yishun Street 51 is going at around S$750 per square foot, and the developer says about 20 per cent of its units have been sold as of 5pm.
By Lip Kwok Wai
POSTED: 26 Sep 2015 20:35 UPDATED: 26 Sep 2015 23:58
SINGAPORE: The first executive condominium (EC) project to be launched since the Government raised the qualifying income ceiling from S$12,000 to S$14,000, opened for bookings on Saturday (Sep 26).
Called Signature at Yishun, the project's developer said about 20 per cent of its units have been sold as of 5pm.
"There are buyers whose income is more than S$12,000. The percentage I would estimate is 20 per cent of our total sales,” said JBE Holdings CEO Patrick Lam. “This year is Singapore's SG50 celebrations. We wish to assist buyers to achieve their dream home at affordable prices."
The project at Yishun Street 51, had received 507 online applications. There are 525-units on offer, and the developer said the bulk of the apartments sold are three and four room units. Two-room flats are also available.
The project is going at around S$750 per square foot (psf), lower than the average of about S$800 psf for other ECs.
While the developer said the response is encouraging, one analyst suggested the application rate of just under one buyer per unit is a "clear indication" that the market is weak, considering the price and the fact that income ceilings have been raised by about 16 per cent.
Century 21 CEO Ku Swee Yong said: "Perhaps the market is weak partly due to the global environment and stock market, the currency situation not being very favourable. But some of the buyers may also be concerned about interest rates that are continuing to rise as well as their employment security.
“Furthermore, in the next few months we can expect a few more EC launches, plus the existing launched but unsold stock of about 4,000 over units. I think that will allow buyers to go around Singapore to look for whatever is the most suitable.”
Another EC project in Yishun - The Criterion - also began online applications on Thursday.
- CNA/xk
The project at Yishun Street 51 is going at around S$750 per square foot, and the developer says about 20 per cent of its units have been sold as of 5pm.
By Lip Kwok Wai
POSTED: 26 Sep 2015 20:35 UPDATED: 26 Sep 2015 23:58
SINGAPORE: The first executive condominium (EC) project to be launched since the Government raised the qualifying income ceiling from S$12,000 to S$14,000, opened for bookings on Saturday (Sep 26).
Called Signature at Yishun, the project's developer said about 20 per cent of its units have been sold as of 5pm.
"There are buyers whose income is more than S$12,000. The percentage I would estimate is 20 per cent of our total sales,” said JBE Holdings CEO Patrick Lam. “This year is Singapore's SG50 celebrations. We wish to assist buyers to achieve their dream home at affordable prices."
The project at Yishun Street 51, had received 507 online applications. There are 525-units on offer, and the developer said the bulk of the apartments sold are three and four room units. Two-room flats are also available.
The project is going at around S$750 per square foot (psf), lower than the average of about S$800 psf for other ECs.
While the developer said the response is encouraging, one analyst suggested the application rate of just under one buyer per unit is a "clear indication" that the market is weak, considering the price and the fact that income ceilings have been raised by about 16 per cent.
Century 21 CEO Ku Swee Yong said: "Perhaps the market is weak partly due to the global environment and stock market, the currency situation not being very favourable. But some of the buyers may also be concerned about interest rates that are continuing to rise as well as their employment security.
“Furthermore, in the next few months we can expect a few more EC launches, plus the existing launched but unsold stock of about 4,000 over units. I think that will allow buyers to go around Singapore to look for whatever is the most suitable.”
Another EC project in Yishun - The Criterion - also began online applications on Thursday.
- CNA/xk
Tuesday, April 28, 2015
Prices of private homes fall 1% on-quarter in Q1: URA
Prices of private homes fall 1% on-quarter in Q1: URA
POSTED: 24 Apr 2015 09:13
UPDATED: 24 Apr 2015 09:15
The price decline was seen across all segments of the private residential property market, with non-landed properties in the Rest of Central Region leading the drop, according to URA statistics.
SINGAPORE: Prices of private residential properties decreased 1 per cent quarter-on-quarter in the first quarter of 2015, representing the sixth straight quarter of price decline, the Urban Redevelopment Authority said on Friday (Apr 24).
The price index for Q1 dropped to 145.5, from the previous quarter's 147.0. The decline was seen across the whole private residential property market, with non-landed properties in the Rest of Central Region (RCR) leading the drop with 1.7 per cent. Prices for the Core Central Region (CCR) dipped by 0.4 per cent, while the Outside Central Region (OCR) fell 1.1 per cent, the data showed.
Landed property prices also fell by 0.9 per cent, it added.
In terms of rentals of private residential properties, the rental index dropped 1.7 per cent from Q4 2014's 114.1 to Q1 2015's 112.2, URA said. The decline was seen across all segments, with the CCR leading the drop with 1.9 per cent.
Developers had launched 1,189 uncompleted private residential units, excluding Executive Condominiums (ECs), in Q1 - lower than the 1,592 units in the previous quarter. Sales hit 1,311, lower than the 1,376 units sold in Q4 2014, it added.
- CNA/kk
- wong chee tat :)
POSTED: 24 Apr 2015 09:13
UPDATED: 24 Apr 2015 09:15
The price decline was seen across all segments of the private residential property market, with non-landed properties in the Rest of Central Region leading the drop, according to URA statistics.
SINGAPORE: Prices of private residential properties decreased 1 per cent quarter-on-quarter in the first quarter of 2015, representing the sixth straight quarter of price decline, the Urban Redevelopment Authority said on Friday (Apr 24).
The price index for Q1 dropped to 145.5, from the previous quarter's 147.0. The decline was seen across the whole private residential property market, with non-landed properties in the Rest of Central Region (RCR) leading the drop with 1.7 per cent. Prices for the Core Central Region (CCR) dipped by 0.4 per cent, while the Outside Central Region (OCR) fell 1.1 per cent, the data showed.
Landed property prices also fell by 0.9 per cent, it added.
In terms of rentals of private residential properties, the rental index dropped 1.7 per cent from Q4 2014's 114.1 to Q1 2015's 112.2, URA said. The decline was seen across all segments, with the CCR leading the drop with 1.9 per cent.
Developers had launched 1,189 uncompleted private residential units, excluding Executive Condominiums (ECs), in Q1 - lower than the 1,592 units in the previous quarter. Sales hit 1,311, lower than the 1,376 units sold in Q4 2014, it added.
- CNA/kk
- wong chee tat :)
Tuesday, April 7, 2015
'Strong interest' at soft launch of North Park Residences: Developer
'Strong interest' at soft launch of North Park Residences: Developer
POSTED: 06 Apr 2015 23:04
UPDATED: 06 Apr 2015 23:06
The 920-unit integrated development project saw even sales across its one- to five-bedroom apartments, according to developer Frasers Centrepoint.
SINGAPORE: There was "strong interest" in North Park Residences during its soft launch on Sunday (Apr 5), with 313 of 430 units sold, developer Frasers Centrepoint (FC) announced in a media release on Monday.
North Park Residences will be part of the Northpoint City integrated development, which will comprise the Yishun Integrated Transport Hub, Nee Soon Central Community Club, a Town Plaza, a Community Garden and retail and F&B outlets..
The 920-unit integrated development project saw even sales across its one- to five-bedroom apartments, according to the release, with Singaporeans accounting for more than 88 per cent of buyers.
Phase 1 units of North Park Residences were released at an average pricing of S$1,300 psf, with prices starting from S$612,000 for a Studio unit to S$1.89 million for a five-bedroom unit.
Mr Cheang Kok Kheong, CEO of Development and Property for FC, said the healthy demand for North Park Residences indicates that buyers are aware of the advantages of its location in Yishun, as well as of being part of an integrated development.
North Park Residences will be officially launched for sale on Saturday, FC said. It is expected to be ready in 2018.
- CNA/dl
- wong chee tat :)
POSTED: 06 Apr 2015 23:04
UPDATED: 06 Apr 2015 23:06
The 920-unit integrated development project saw even sales across its one- to five-bedroom apartments, according to developer Frasers Centrepoint.
SINGAPORE: There was "strong interest" in North Park Residences during its soft launch on Sunday (Apr 5), with 313 of 430 units sold, developer Frasers Centrepoint (FC) announced in a media release on Monday.
North Park Residences will be part of the Northpoint City integrated development, which will comprise the Yishun Integrated Transport Hub, Nee Soon Central Community Club, a Town Plaza, a Community Garden and retail and F&B outlets..
The 920-unit integrated development project saw even sales across its one- to five-bedroom apartments, according to the release, with Singaporeans accounting for more than 88 per cent of buyers.
Phase 1 units of North Park Residences were released at an average pricing of S$1,300 psf, with prices starting from S$612,000 for a Studio unit to S$1.89 million for a five-bedroom unit.
Mr Cheang Kok Kheong, CEO of Development and Property for FC, said the healthy demand for North Park Residences indicates that buyers are aware of the advantages of its location in Yishun, as well as of being part of an integrated development.
North Park Residences will be officially launched for sale on Saturday, FC said. It is expected to be ready in 2018.
- CNA/dl
- wong chee tat :)
Monday, February 23, 2015
Final Tender Results for Land Parcel at Woodlands Avenue 12 for Executive Condominium Housing Development
Final Tender Results for Land Parcel at Woodlands Avenue 12 for Executive Condominium Housing Development
- wong chee tat :)
Date issued : 23 Feb 2015
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Woodlands Avenue 12 for tender on 16 Dec 2014.
2The details of the sale site are as follows:
| Location | Woodlands Avenue 12  (PDF 693KB) |
| Proposed Development | Executive Condominium Housing |
| Site Area | 12,388.3 sq m |
| Maximum GFA [GPR] | 34,687.24 sq m [2.8] |
| Maximum Building Height | 61m AMSL |
| Estimated Dwelling Units | 390 |
| Lease Term | 99 years |
3The site has been awarded to Hao Yuan Investment Pte Ltd, at the tender price of $103,790,000 on 23 Feb 2015. The details of the tender results can also be viewed here.
- wong chee tat :)
Saturday, February 14, 2015
Provisional Tender Results for Land Parcel at Woodlands Avenue 12 for Executive Condominium Housing Development
Provisional Tender Results for Land Parcel at Woodlands Avenue 12 for Executive Condominium Housing Development
- wong chee tat :)
Date issued : 12 Feb 2015
The Housing & Development Board (HDB), as the Government’s land sales agent, launched the land parcel at Woodlands Avenue 12 for tender on 16 Dec 2014.
2The details of the sale site are as follows:
| Location | Woodlands Avenue 12 (PDF 693KB) |
| Proposed Development | Executive Condominium Housing |
| Site Area | 12,388.3 sq m |
| Maximum GFA [GPR] | 34,687.24 sq m [2.8] |
| Maximum Building Height | 61m AMSL |
| Estimated Dwelling Units | 390 |
| Lease Term | 99 years |
3The tender closed at 12 noon today with 7 bids received. The details of the provisional tender results are below:
S/N
|
Name of Tenderer
|
Tender Price ($)
|
$psm/GFA ($)
|
1
|
|
$103,790,000
|
$2,992.17
|
2
|
|
$99,980,000
|
$2,882.33
|
3
|
|
$96,338,000
|
$2,777.33
|
4
|
|
$94,100,000
|
$2,712.81
|
5
|
|
$93,716,736
|
$2,701.76
|
6
|
|
$92,450,000
|
$2,665.25
|
7
|
|
$70,900,000
|
$2,043.98
|
4A decision on the award of the tender will be made after the bids have been evaluated. This will be announced at a later date.
- wong chee tat :)
Thursday, January 29, 2015
Resale prices of private homes fall further in December: SRPI
Resale prices of private homes fall further in December: SRPI
The overall resale prices of private homes fell 1.2 per cent on-month in December, with prices of homes in the central region leading the decline, according to the Singapore Residential Price Index flash estimates.
SINGAPORE: Resale prices of private homes fell again in December, according to Singapore Residential Price Index (SRPI) estimates released on Wednesday (Jan 28).
The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 1.2 per cent in December from the previous month. In November, prices fell 0.4 per cent from a month earlier.
Prices of homes in the central region, excluding small units, led the decline with a 1.7 per cent fall. Prices of homes in the non-central region, excluding small units, fell 0.8 per cent in December from November.
In contrast, prices of small units, which have a floor area of 506sqf or below, rose 0.5 per cent from the previous month.
- CNA/cy
- wong chee tat :)
The overall resale prices of private homes fell 1.2 per cent on-month in December, with prices of homes in the central region leading the decline, according to the Singapore Residential Price Index flash estimates.
SINGAPORE: Resale prices of private homes fell again in December, according to Singapore Residential Price Index (SRPI) estimates released on Wednesday (Jan 28).
The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 1.2 per cent in December from the previous month. In November, prices fell 0.4 per cent from a month earlier.
Prices of homes in the central region, excluding small units, led the decline with a 1.7 per cent fall. Prices of homes in the non-central region, excluding small units, fell 0.8 per cent in December from November.
In contrast, prices of small units, which have a floor area of 506sqf or below, rose 0.5 per cent from the previous month.
- CNA/cy
- wong chee tat :)
Monday, November 10, 2014
95% of Jurong EC snapped up on first day of sales
95% of Jurong EC snapped up on first day of sales
Lake Life is the first executive condominium project in Jurong in 17 years. Out of the 546 units, 521 have been sold.
SINGAPORE: The first executive condominium (EC) project in Jurong in 17 years opened for booking on Saturday (Nov 8), and it has already sold 95 per cent of its units - 521 units. This makes Lake Life EC the project that sold the most number of units on the first day of sales since June last year.
Sales of the project crossed the 50 per cent mark by noon. By 4pm, 446 units were snapped up.
Its developer said the "overwhelming response" is likely due to the project's location - at Jurong Lake District, and recent announcements by the government to further develop the Jurong area.
Two buyers Channel NewsAsia spoke with are HDB dwellers living in the vicinity. They said in addition to location, price was also a key consideration.
Prices of the 546-unit development average S$857 psf, lower than the earlier indicative prices of S$880 to S$890 psf, with a two-bedroom unit going for S$685,000 on average.
"In terms of the price per square foot, I think this was quite attractive compared to the private developments - I think about 25 to 30 per cent less compared to the other private developments that we saw,” said buyer Nilesh Jadha, who currently owns a five-room HDB flat.
"We love Jurong, we have been staying here for many years and this is the first EC project after 17 years,” said another buyer, Bryan Loh. “We also looked around at other private properties but they are overpriced. I think this EC is the right price for us to buy and stay."
The next EC in Jurong will be launched after the first quarter of next year. It is located at Westwood Avenue, near Nanyang Technological University.
- CNA/xq
- wong chee tat :)
Lake Life is the first executive condominium project in Jurong in 17 years. Out of the 546 units, 521 have been sold.
SINGAPORE: The first executive condominium (EC) project in Jurong in 17 years opened for booking on Saturday (Nov 8), and it has already sold 95 per cent of its units - 521 units. This makes Lake Life EC the project that sold the most number of units on the first day of sales since June last year.
Sales of the project crossed the 50 per cent mark by noon. By 4pm, 446 units were snapped up.
Its developer said the "overwhelming response" is likely due to the project's location - at Jurong Lake District, and recent announcements by the government to further develop the Jurong area.
Two buyers Channel NewsAsia spoke with are HDB dwellers living in the vicinity. They said in addition to location, price was also a key consideration.
Prices of the 546-unit development average S$857 psf, lower than the earlier indicative prices of S$880 to S$890 psf, with a two-bedroom unit going for S$685,000 on average.
"In terms of the price per square foot, I think this was quite attractive compared to the private developments - I think about 25 to 30 per cent less compared to the other private developments that we saw,” said buyer Nilesh Jadha, who currently owns a five-room HDB flat.
"We love Jurong, we have been staying here for many years and this is the first EC project after 17 years,” said another buyer, Bryan Loh. “We also looked around at other private properties but they are overpriced. I think this EC is the right price for us to buy and stay."
The next EC in Jurong will be launched after the first quarter of next year. It is located at Westwood Avenue, near Nanyang Technological University.
- CNA/xq
- wong chee tat :)
Wednesday, November 5, 2014
Lake Life EC priced below indication despite strong interest
Lake Life EC priced below indication despite strong interest
TODAY reports: The executive condominium has been priced at an average of S$857 per square foot (psf), below the indicative pricing of S$880psf to S$890psf.
SINGAPORE: Lake Life, the first executive condominium (EC) offering in Jurong in 17 years, has been priced at an average of S$857 per square foot (psf) for the 546-unit project, well below the indicative pricing as its developers seek to secure demand amid stricter financing rules.
The consortium of developers led by Evia Real Estate had earlier said units at Lake Life EC could be priced at S$880psf to S$890psf amid strong interest in the project. However, after analysing the profiles of its 1,853 e-applicants – a record high for an EC development – it found that the purchasing ability of the potential buyers was lower than expected.
“Most developers would target at least a 10 per cent margin, but then today we have the MSR (Mortgage Servicing Ratio), and looking at the buyers’ income levels and ability to borrow, I’m very reluctant to cross S$1.1 million for most units,” Evia’s managing partner Vincent Ong said on Thursday (Oct 30).
“There’s also the risk that there’s still a lot of stock in the market – for private units, BTO (Build-to-Order) flats and ECs. I could have taken the position to price higher after receiving a record number of applications, but after our calculations, we have to price with buyers’ affordability in mind,” he added.
Mr Ong said the price level translates to a margin of about 6 per cent. The consortium paid S$272.84 million in July last year for the 217,298sqft site at Yuan Ching Road/Tao Ching Road that Lake Life sits on. At about S$418 psf per plot ratio, it is the most expensive EC land to date.
Several months after the record bid, the government announced in December last year that EC purchases would be subject to the 30 per cent MSR cap, a rule that many property analysts said would hit demand for the hybrid public-private homes.
Lake Life’s show flats will open on Saturday and Mr Ong hopes to secure buyers for at least half of the units on offer this weekend.
“While Lake Life is on the higher end of the spectrum, its lower selling price as compared to that of a private condominium means buyers will stand to reap even more returns in the future when taking into account the anticipated appreciation in market value when the EC is fully privatised,” he said.
-TODAY/cy
- wong chee tat :)
TODAY reports: The executive condominium has been priced at an average of S$857 per square foot (psf), below the indicative pricing of S$880psf to S$890psf.
SINGAPORE: Lake Life, the first executive condominium (EC) offering in Jurong in 17 years, has been priced at an average of S$857 per square foot (psf) for the 546-unit project, well below the indicative pricing as its developers seek to secure demand amid stricter financing rules.
The consortium of developers led by Evia Real Estate had earlier said units at Lake Life EC could be priced at S$880psf to S$890psf amid strong interest in the project. However, after analysing the profiles of its 1,853 e-applicants – a record high for an EC development – it found that the purchasing ability of the potential buyers was lower than expected.
“Most developers would target at least a 10 per cent margin, but then today we have the MSR (Mortgage Servicing Ratio), and looking at the buyers’ income levels and ability to borrow, I’m very reluctant to cross S$1.1 million for most units,” Evia’s managing partner Vincent Ong said on Thursday (Oct 30).
“There’s also the risk that there’s still a lot of stock in the market – for private units, BTO (Build-to-Order) flats and ECs. I could have taken the position to price higher after receiving a record number of applications, but after our calculations, we have to price with buyers’ affordability in mind,” he added.
Mr Ong said the price level translates to a margin of about 6 per cent. The consortium paid S$272.84 million in July last year for the 217,298sqft site at Yuan Ching Road/Tao Ching Road that Lake Life sits on. At about S$418 psf per plot ratio, it is the most expensive EC land to date.
Several months after the record bid, the government announced in December last year that EC purchases would be subject to the 30 per cent MSR cap, a rule that many property analysts said would hit demand for the hybrid public-private homes.
Lake Life’s show flats will open on Saturday and Mr Ong hopes to secure buyers for at least half of the units on offer this weekend.
“While Lake Life is on the higher end of the spectrum, its lower selling price as compared to that of a private condominium means buyers will stand to reap even more returns in the future when taking into account the anticipated appreciation in market value when the EC is fully privatised,” he said.
-TODAY/cy
- wong chee tat :)
Friday, October 24, 2014
Private property prices down for fourth straight quarter
Private property prices down for fourth straight quarter
Prices of private residential properties fell by 0.7 per cent in the third quarter following a 1 per cent decrease in the previous quarter, the Urban Redevelopment Authority (URA) said.
SINGAPORE: Prices of private residential properties in the third quarter fell by 0.7 per cent from the previous quarter – the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Oct 24).
The price decline was observed across all segments of the private residential property market, URA said. Prices of non-landed properties in the Core Central Region (CCR) declined by 0.8 per cent from the previous quarter, following the 1.5 per cent decrease in the April to June period. Prices in the Rest of Central Region (RCR) declined by 0.4 per cent, the same rate of decline as in the previous quarter. In Outside Central Region (OCR), prices declined by 0.3 per cent, after the 0.9 per cent decline in the previous quarter. Prices of landed properties declined by 1.8 per cent, following the decrease of 1.7 per cent in the previous quarter.
Rentals of private residential properties in the third quarter fell by 0.8 per cent from the previous quarter, compared with a 0.6 per cent decline in the April to June period.
LAUNCHES AND TAKE-UP
Developers launched 1,294 uncompleted private residential units excluding Executive Condominiums (ECs) in the third quarter, lower than the 2,843 units in the second quarter, URA said. A total of 1,531 private residential units (excluding ECs) were sold by developers during the quarter, compared with 2,665 units in the previous quarter.
No new EC units were launched for sale during the quarter. Developers sold 162 EC units in the third quarter, compared with the 154 units sold in the second quarter.
RESALES AND SUB-SALES
The number of resale transactions fell to 1,288 in the third quarter, down from 1,389 transactions in the previous quarter. Resale transactions accounted for 43.6 per cent of all sale transactions during the quarter, compared with 33 per cent in the second quarter.
There were 136 sub-sale transactions in the third quarter, down from 158 transactions in the previous quarter. Sub-sales accounted for 4.6 per cent of all sale transactions in the quarter, up from the 3.8 per cent recorded in the April to June period.
SUPPLY IN THE PIPELINE
As at the end of the third quarter, there were 74,496 uncompleted private residential units (excluding ECs) in the pipeline, compared with 76,014 units in the previous quarter. Of this number, 28,120 units remained unsold. Adding the 14,131 upcoming EC units, there are a total of 88,627 units in the pipeline.
Another 8,550 units (including ECs) will soon be added to the pipeline supply, the URA said.
- CNA/cy
- wong chee tat :)
Prices of private residential properties fell by 0.7 per cent in the third quarter following a 1 per cent decrease in the previous quarter, the Urban Redevelopment Authority (URA) said.
SINGAPORE: Prices of private residential properties in the third quarter fell by 0.7 per cent from the previous quarter – the fourth consecutive quarter of decline, the Urban Redevelopment Authority (URA) said on Friday (Oct 24).
The price decline was observed across all segments of the private residential property market, URA said. Prices of non-landed properties in the Core Central Region (CCR) declined by 0.8 per cent from the previous quarter, following the 1.5 per cent decrease in the April to June period. Prices in the Rest of Central Region (RCR) declined by 0.4 per cent, the same rate of decline as in the previous quarter. In Outside Central Region (OCR), prices declined by 0.3 per cent, after the 0.9 per cent decline in the previous quarter. Prices of landed properties declined by 1.8 per cent, following the decrease of 1.7 per cent in the previous quarter.
Rentals of private residential properties in the third quarter fell by 0.8 per cent from the previous quarter, compared with a 0.6 per cent decline in the April to June period.
LAUNCHES AND TAKE-UP
Developers launched 1,294 uncompleted private residential units excluding Executive Condominiums (ECs) in the third quarter, lower than the 2,843 units in the second quarter, URA said. A total of 1,531 private residential units (excluding ECs) were sold by developers during the quarter, compared with 2,665 units in the previous quarter.
No new EC units were launched for sale during the quarter. Developers sold 162 EC units in the third quarter, compared with the 154 units sold in the second quarter.
RESALES AND SUB-SALES
The number of resale transactions fell to 1,288 in the third quarter, down from 1,389 transactions in the previous quarter. Resale transactions accounted for 43.6 per cent of all sale transactions during the quarter, compared with 33 per cent in the second quarter.
There were 136 sub-sale transactions in the third quarter, down from 158 transactions in the previous quarter. Sub-sales accounted for 4.6 per cent of all sale transactions in the quarter, up from the 3.8 per cent recorded in the April to June period.
SUPPLY IN THE PIPELINE
As at the end of the third quarter, there were 74,496 uncompleted private residential units (excluding ECs) in the pipeline, compared with 76,014 units in the previous quarter. Of this number, 28,120 units remained unsold. Adding the 14,131 upcoming EC units, there are a total of 88,627 units in the pipeline.
Another 8,550 units (including ECs) will soon be added to the pipeline supply, the URA said.
- CNA/cy
- wong chee tat :)
Wednesday, October 15, 2014
Singapore private home sales up sharply in September
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 :)
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 :)
Saturday, August 30, 2014
New EC to be launched at Woodlands Ave 5
New EC to be launched at Woodlands Ave 5
Bellewoods is the first Executive Condominium to be launched after the Government introduced a sale restriction rule in January last year.
SINGAPORE: A new Executive Condominium (EC) along Woodlands Avenue 5 will be launched soon. Bellewoods is the first EC to be launched after the Government introduced a sale restriction rule in January last year.
Under the rule, developers of EC sites can only launch them for sale 15 months from the date of award of the sites or after the physical completion of foundation works, whichever is earlier. Potential home owners can apply for a unit at Bellewoods online starting Sep 27.
Construction of the new EC has already begun. It will be located near the upcoming Woodlands South MRT station along the Thomson-East Coast Line. Developers expect Woodlands to be a vibrant place as the Government has earmarked it as a regional centre.
The property market has cooled down after the authorities introduced measures to ensure home owners are more prudent with their purchase. However, the EC developer is confident there will still be a good demand for ECs. Mr Donald Ng, Senior Marketing Manager at Qingjian Realty said, "We will go through a slower process, because of all these financial regulations in place. There is a drop, but between an EC and a condo, there is still a difference.
“For condos - most of the prices are starting above S$1,000 per square foot (psf). And for ECs, it's hovering on average at about S$780 to S$800 psf, so for the EC buyers, there is still about a 20 per cent difference in terms of price per square foot."
- CNA/xk
- wong chee tat :)
Bellewoods is the first Executive Condominium to be launched after the Government introduced a sale restriction rule in January last year.
SINGAPORE: A new Executive Condominium (EC) along Woodlands Avenue 5 will be launched soon. Bellewoods is the first EC to be launched after the Government introduced a sale restriction rule in January last year.
Under the rule, developers of EC sites can only launch them for sale 15 months from the date of award of the sites or after the physical completion of foundation works, whichever is earlier. Potential home owners can apply for a unit at Bellewoods online starting Sep 27.
Construction of the new EC has already begun. It will be located near the upcoming Woodlands South MRT station along the Thomson-East Coast Line. Developers expect Woodlands to be a vibrant place as the Government has earmarked it as a regional centre.
The property market has cooled down after the authorities introduced measures to ensure home owners are more prudent with their purchase. However, the EC developer is confident there will still be a good demand for ECs. Mr Donald Ng, Senior Marketing Manager at Qingjian Realty said, "We will go through a slower process, because of all these financial regulations in place. There is a drop, but between an EC and a condo, there is still a difference.
“For condos - most of the prices are starting above S$1,000 per square foot (psf). And for ECs, it's hovering on average at about S$780 to S$800 psf, so for the EC buyers, there is still about a 20 per cent difference in terms of price per square foot."
- CNA/xk
- wong chee tat :)
Friday, August 15, 2014
Private home sales remain flat in July
Private home sales remain flat in July
Developers sold 484 new private homes last month, up marginally from the 482 units sold in June, according to the Urban Redevelopment Authority.
SINGAPORE: The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches.
Property developers sold 484 new private homes last month, up marginally from the 482 units sold in June, latest data from the Urban Redevelopment Authority (URA) showed on Friday (Aug 15). Including executive condominiums (ECs), 535 new units were sold in July, up from 531 units the previous month.
The lacklustre sales came as developers launched just 434 new units, slightly more than the 418 units launched in June. In May, 1,488 new private homes were sold as developers launched 1,819 units.
- CNA/cy
- wong chee tat :)
Developers sold 484 new private homes last month, up marginally from the 482 units sold in June, according to the Urban Redevelopment Authority.
SINGAPORE: The private housing market remained in the doldrums in July, with sales of private homes remaining flat as developers continued to scale back new launches.
Property developers sold 484 new private homes last month, up marginally from the 482 units sold in June, latest data from the Urban Redevelopment Authority (URA) showed on Friday (Aug 15). Including executive condominiums (ECs), 535 new units were sold in July, up from 531 units the previous month.
The lacklustre sales came as developers launched just 434 new units, slightly more than the 418 units launched in June. In May, 1,488 new private homes were sold as developers launched 1,819 units.
- CNA/cy
- wong chee tat :)
Subscribe to:
Posts (Atom)