Daily Archives: 9 Oct 2009

Suburban home prices near highs of 2007-08

Posted on 9 Oct 2009 | Comments Off on Suburban home prices near highs of 2007-08

Some mid-tier projects have topped previous peaks, figures based on URA data show
Citylights, a new condominium which incorporates conservation shophouses in its layout, is almost complete. In the left background are HDB flats along Jellicoe Road. — PHOTO: ST

HOUSE hunters: If it feels like that suburban condominium you are eyeing is just as expensive now as it was during the 2007-2008 property boom, that is because it probably is.

RELATED LINKS   SURPASSING THE PEAK

Although overall private home prices are still some 15 per cent below recent peaks, prices of mass market homes have already climbed back to the levels of early last year, right before the recession hit. Continue reading →

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Posted in Property Market / Real Estate, Property Price

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Govt sold less land last year

Posted on 9 Oct 2009 | Comments Off on Govt sold less land last year

THE Government sold less land last year as the property market cooled and the financial crisis took hold but there are better expectations for the upcoming 12 months.

RELATED LINKS    GOVERNMENT LAND SALES

The Singapore Land Authority (SLA) raked in $7.3 billion in sales for the 12 months to March 31, down from the previous year’s tally of $12.4 billion but up on the $6.2 billion collected two years ago.

The manager of state land and buildings said its revenue fell 8 per cent from $100.9 million in 2008 to $92.5 million.

‘The current economic condition has adversely affected the property market segment, resulting in a significant drop in land sales agency service, titles registration and land information businesses,’ said the SLA report out yesterday.

Apart from directly managing about 14,000ha of state land and about 5,000 state buildings, the SLA is also the national land registration authority for property transactions. Continue reading →

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Posted in Property Market / Real Estate

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