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THE appetite for Singapore residential property among foreigners continues to diminish, depressed by higher purchase taxes and dim prospects for gains or returns. The number of private homes bought by non-resident foreigners (non-permanent residents) dropped 22 per cent to 895 units last year, from 1,148 units sold in 2014. And with no sign of any removal or reduction of the additional buyer's st
REAL estate markets in Asia will likely remain less appealing than those in the US and Europe this year, with Asia plagued by anaemic economic growth and waning rents and capital values amid a supply deluge. In a recent interview with The Business Times, CBRE head of global research Nick Axford flagged that there will be greater outbound capital flow from the region this year by Asian real estate
Premium public housing project City View @ Boon Keng may have entered the resale market only this year, but at least 14 flats there have already changed hands. And their owners have been making handsome profits despite the bleak property market. The three- to five-room flats sold so far went for between $560,000 and $900,000, according to data from SRX Property and the Housing Board.
The owners of Balestier Point, a mixed-use freehold development incorporating the former Ruby Theatre, are looking at putting it up for collective sale. The reserve price for the property, comprising a two-storey retail podium with basement and an 18-storey residential block, could be around $250 million to $350 million. This works out to about $1,337 to $1,872 per sq ft per plot ratio (psf/pr).
Asia Pacific is expected to be home to US$8.5 billion (S$11.9 billion) in hotel investment this year, a slight 5 to 10 percent decline on last year, according to a report by JLL Hotels & Hospitality Group. Japan, which saw its highest level of hotel transactions to date last year, will remain the standout market in the region, while growth in Mainland China should continue, it said.
Resale prices of private apartments started the year on a brighter note but no one is tipping a major rebound any time soon. Values rose 0.6 per cent last month from December but were still 1.7 per cent below prices in the same month last year, and 7.2 per cent down from the peak in January 2014, according to flash estimates from SRX Property yesterday.
HDB resale prices fell 0.5 per cent in January 2016, compared to that of December 2015. This marks the first decline in the monthly index in seven months, since July 2015, according to data released by SRX Property on Thursday. Year on year, prices have fallen 1.3 per cent from January 2015. Since the peak in April 2013, prices have fallen 11.1 per cent.
Non-landed Private Residential Rents increased by 0.2% in Jan'16 compared to Dec'15.
12 Feb 2016
Non-landed Private Residential Resale prices increased by 0.6% in Jan'16 compared to Dec'15.
12 Feb 2016
How has the HDB market performed in the first month of 2016? In terms of resale volume, YoY change for Jan 2016 was a 2.6% increase.In Dec 2015, YoY increase was more significant at 8.4%
11 Feb 2016
In Jan 2016, HDB resale prices decreased in both mature and non-mature estates by 0.5%. Year-on-year, prices in mature estates declined by 1.2% from Jan 2015.
10 Feb 2016
SRX Property Price Index for HDB Resale: 1) Year-on-year, prices decreased by 1.3% from Jan 2015; 2) Prices have declined by 11.1% since the peak in Apr 2013; 3) There is no price revision in Dec 2015
05 Feb 2016
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04 Feb 2016
Real Estate Agent Success Formula: 4 Steps + 4 Apps. Step 3: Establish Price.X-Listing Price establishes a credible, independent, fact-based listing price that the seller can trust.