The dark clouds hovering over Singapore’s luxury housing market have yet to clear off with analysts predicting that a residential plot launched for tender in the city-state’s posh River Valley area on Monday could sell at a markdown compared to… Read More>>
Luxury Site in Singapore’s Holland Village Launched Despite Market Slide
A luxury condominium site in Singapore’s Holland Village area which could bring offers as high as S$1 billion ($740 million) has been launched for sale as developers pull back from pricey housing plots in the face of slower home sales… Read More>>
Singapore Reports Lowest January Home Sales Since 2009 as Buyers Await Clarity
New private home sales in Singapore fell 29 percent year-on-year last month to 281 units, the lowest January reading in 15 years, according to data released by the Urban Redevelopment Authority on Thursday.
The latest figure, which excludes executive condominium… Read More>>
Singapore Rejects GuocoLand Consortium’s Bid for Marina South Site as ‘Too Low’
For the first time in 12 years Singapore’s Urban Redevelopment Authority (URA) has declined to award a land plot offered under the government’s land sale programme, brushing aside the sole bid from a GuocoLand-led consortium for a site in the city-state’s… Read More>>
UOL Places $319M Top Bid for Luxury Residential Site Near Singapore’s Orchard Road
A UOL Group joint venture has submitted the S$428.3 million ($319.3 million) top bid for a residential site in Singapore’s Orchard area, with the price per square foot of the future luxury project falling nearly a third short of the… Read More>>
Singapore Residential Rents Drop for First Time Since 2020
Singapore private residential rents fell 2.1 percent in the fourth quarter from the preceding three months, dropping for the first time since 2020, after developers completed more homes in 2023.
Ending 12 consecutive quarters of rental increases since a 0.5… Read More>>
Country Garden Readies $530M in Assets for Sale and More Asia Real Estate Headlines
Country Garden has put $530 million worth of assets on the block in Guangzhou in a bid to repay debt due within the next six months, with that story leading Mingtiandi’s headline roundup today. Also making the news, The Ritz-Carlton… Read More>>
Singapore Home Sales Plunge 83% in December, Full-Year Tally Hits 15-Year Low
Singapore new private home sales plunged 83 percent to 135 units in December from the 784 units transacted the previous month, posting the lowest monthly sales recorded in the city-state since the 2007-08 global financial crisis.
The year-end holidays and… Read More>>
Singapore Home Prices Climb 2.7% in Q4 on Launch of Luxury Projects
Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding quarter, as slower sales allowed a few luxury project launches to skew a government price index higher, while growth for… Read More>>
Singapore Home Sales Nearly Triple in November as Buyers Snap Up Surge in Supply
Singapore private home sales nearly tripled to 784 units in November as a trio of condo launches helped snap three straight months of declining housing deals.
Developers’ home sales, excluding subsidised executive condos, jumped 286 percent last month from the… Read More>>
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