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Prices and sales still holding up

Published on November 12, 2012 by in Market News

The Straits Times – 10 November 2012 – Home buyers seem to have shrugged off the latest round of market-cooling measures. Both prices and volumes of non-landed private homes that changed hands last month held firm. Most sales came after the measures were unveiled on Oct 5. Resale prices flatlined at $1,209 per sq ft

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Sale of private homes jumps 42% in July

Published on August 16, 2012 by in Market News

16 August 2012 – The Business Times – Demand for private residential homes, excluding executive condominiums (ECs), rebounded in July, with 1,943 units snapped up last month, 42 per cent more than the 1,371 units sold in June. Even as mass-market sales continued to monopolise the market, the Core Central Region (CCR) – which includes

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New homes put pressure on high-end rentals – More than 4,000 units set to be completed in second half of the year

Published on August 12, 2012 by in Market News

11 August 2012 – The Straits Times – LANDLORDS of newly completed upmarket homes are being warned that they may have to be prepared to accept lower rents. More than 4,000 private homes are set to be completed in the second half of the year – with many of them in the city centre and

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Property players remain cautious in Q2

Published on August 12, 2012 by in Market News

8 August 2012 – The Business Times – THE sentiment of real estate players had marginally improved in the second quarter, according to the latest survey by the Real Estate Developers’ Association of Singapore (Redas) and the National University of Singapore (NUS). The Composite Sentiment Index, which is an indicator for overall real estate market

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Chinese foreigners buy fewer homes here

Published on August 6, 2012 by in Market News

6 August 2012 – The Straits Times – HEFTY new stamp duty and a slowing economy at home are deterring Chinese nationals from buying property here, according to new sales figures. Once the biggest group of foreign buyers, the Chinese fell to second in the first six months of the year, purchasing 259 homes behind

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Busting the myth of a hot property market

Published on August 6, 2012 by in Market News

3 August 2012 – The Business Times – When you read about units being snapped up at a record pace, you might think that the property market is sizzling. But buried beneath the headline numbers, two distinct trends appear to puncture this myth. Not only is the average unit size sold by developers much smaller

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Home prices ‘likely to remain stable’

Published on August 6, 2012 by in Market News

2 August 2012 – The Straits Times – HOME prices are likely to flatline over the next six months, with falling interest from foreign home buyers eliminating the need for more cooling measures, according to CapitaLand bosses yesterday. President and chief executive Liew Mun Leong said the additional buyer’s stamp duty of up to 10

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Resale prices of shoebox flats fall as investors turn cautious

Published on August 6, 2012 by in Market News

31 July 2012 – The Straits Times – RESALE prices of tiny apartments dipped last month, with the once red-hot segment seeming to fall out of favour. Prices of resale flats of 506 sq ft or less fell by 1.4 per cent in June compared with the month before, according to preliminary figures in the

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Another week of brisk sales for private homes

Published on August 6, 2012 by in Market News

31 July 2012 – The Business Times – DEVELOPERS continued to do brisk private housing sales last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units. UIC began selling the project

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Developers lowering launch prices: URA data

Published on August 6, 2012 by in Market News

28 July 2012 – The Straits Times – DEVELOPERS appear to be lowering the prices of their launches, with fresh figures showing prices for uncompleted homes falling slightly in the second quarter. Data from the Urban Redevelopment Authority showed that prices of uncompleted non-landed homes dipped 0.9 per cent in the three months to June

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