Residential

Near sell-out launches in March boost developer sales to 1,300 units after four slow months

New home sales are more than five times February’s figure, and up 78.3% year on year

The Peck Hay Road site is among two new private residential sites released for sale on Thursday.

URA puts up two prime condo sites in Newton, River Valley for sale

Analysts predict keen competition with up to seven or eight bids at each tender, amid robust demand for CCR homes

While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.
BRUNCH

Higher costs, lower returns: Why are Singaporeans still betting on real estate?

Returns are often lower than equities, but policy and psychology keep property at the centre of wealth

A new condo home’s saleable area typically captures more accurately a unit’s actual usable space.
THE LEVEL GROUND

High per square foot prices of new condos could be increasingly irrelevant to buyers

For many, the focus is on finding the right home at an acceptable absolute quantum

By region, prices of non-landed homes rise across the board.

Singapore private home prices rise 0.3% in Q1, easing from 0.6% in Q4: URA flash data

Prices inch up even as market activity softens, with sales volume falling nearly 40% to 4,401 units as at mid-March

Buying a new executive condo unit offers a path to private homeownership for higher-income locals.
THE LEVEL GROUND

Time to cool EC demand: drop deferred payment scheme, lengthen MOP, tighten resale restrictions

Moderating growth will benefit eligible buyers without access to abundant liquidity

A couple has sued ERA, one of its agents and a law firm for S$731,212 over a 99-to-1 transaction at One Pearl Bank (pictured) in December 2022.

Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal

Claimants seeking to recover additional tax and surcharge imposed for illegal stamp duty avoidance on their condominium purchase 

Some analysts expect BTO units at Pearl's Hill to come under the Prime category and have a subsidy recovery rate of 18 to 20 per cent.
THE LEVEL GROUND

Would a subsidy clawback of 20% or more for top HDB BTO projects be excessive?

A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats

The latest February sales figure – which excludes ECs – is also just over half the 466 units sold in January. 

New private home sales dwindle to 246 units in February during Chinese New Year lull

Sales are expected to ramp up in the coming months as more ‘attractive’ projects hit the market, analysts say