Constrained supply and robust demand could continue to prop up private resale prices: OTT
According to a market outlook report by OrangeTee & Tie (OTT), the private residential resale market will likely experience constrained supply, while at the same time, robust demand for resale units is likely to continue to prop up prices. “The unsold private housing inventory has dipped to an almost four-year low. The number of new […]
Singapore condo resale prices continue to rise in Nov; Volumes recover: SRX, 99.co
The recent easing of restrictions on viewings and displaced owners as a result of en blocs are among likely reasons for the recovery of condominium resale volumes in November, said property analysts. Condominium resale volumes rose 2.4 per cent last month to about 1,636 units resold, after declining in October and September, flash figures from 99.co […]
Condo, HDB rents see bump in prices, volume as more VTLs open
Singapore’s rental markets are seeing some uplift as border restrictions ease and more countries get added to the Vaccinated Travel Lane (VTL) scheme, property analysts noted on Wednesday (Dec 15). For the month of November, rents and the number of condominiums and Housing Board flats rented rose from October, flash figures from SRX Property and […]
Cooling measures could crimp property price appreciation for two years, stay en bloc market
The prices of resale Housing Board flats and private residential properties could drop by about 10 per cent or more over the next two years as a result of new property market cooling measures announced by the Government on Wednesday (Dec 15), said Dr Lee Nai Jia, deputy director of National University of Singapore’s (NUS) […]
Highest Singapore rents in 6 years fuel expat housing woes
Private housing rents in Singapore have climbed to a six-year high, and analysts anticipate further increases as demand outweighs supply. That is adding to costs for expatriates here at a time when inflationary pressures are building. The Covid-19 pandemic can be blamed for much of the gains: a shortage of migrant workers has contributed to […]