Residential property

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

New home sales are up 78.3% per cent year on year last month and five times February’s sales

The 75 luxury condo deals done in Q1 mark the highest quarterly transactions of such homes since 84 units were sold in Q4 2023.

Luxury condo deals climb in Q1 despite uncertainty from Middle East crisis: report

Buyers may see such properties as ‘long-term secure assets’ amid geopolitical instability, says Realion

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

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

Pinery Residences recorded robust demand across all unit types, with nearly all buyers being Singaporeans and permanent residents.

Pinery Residences sells 92.5% of units at average price of S$2,546 psf at launch

A significant proportion of buyers could be upgraders from within Tampines, say real estate players

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 

Rivelle Tampines comprises 11 blocks of 12 to 14 storeys.

Rivelle Tampines EC sells over 90% of units at average price of S$1,893 psf at launch

Demand comes from a mix of buyers, including a ‘notable proportion’ of young professionals and public housing upgraders

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