Singapore residential property

Nassim Road bungalow changing hands for S$64.9m 

The buyer is understood to be Shiv Puri, an entrepreneur who started his own fund TVF

Sales have rebounded after the year-end lull and seasonal Chinese New Year pullback.

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 development is expected to yield about 450 units across residential blocks of approximately 18 to 20 storeys
SINGAPORE PROPERTY

Hoi Hup Realty tops 3 bids for Yishun EC site with S$340.9 million or S$732 psf ppr bid

Developers expected to maintain more selective bidding approach as supply pipeline builds

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

Two-bedroom units, sized from 624 sq ft, at Tengah Garden Residences will go from S$1.11 million.

Hong Leong Holdings to launch Tengah Garden Residences with prices from S$1,779 psf

The first private project in the precinct comprises 863 units in nine 16-storey blocks

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

The number of resale units reaching their five-year MOP is projected to come in at 13,484 this year.
SINGAPORE PROPERTY

HDB resale prices down 0.1% in Q1, first fall in nearly 7 years: flash data

Despite overall activity moderating, the market for flats transacting at S$1m and above remains active

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