Monthly Archives: April 2013

Housing demand remains strong in 1Q2013, despite cooling measures

Posted on 29 Apr 2013 | Comments Off on Housing demand remains strong in 1Q2013, despite cooling measures

According to a quarterly report by Knight Frank, overall private home prices grew 0.5% in 1Q2013. March was a record month, with developer sales reaching 2,793 units, mainly from major suburban condo launches such as D’Nest in Pasir Ris, Urban Vista in Tanah Merah, Trilinq in Clementi, Bartley Ridge in Mount Vernon and Hillion Residences in Bukit Panjang. The number of new home sales for 1Q2013 totalled 5,533 units, or about 27% higher than in 4Q2012, according to Knight Frank Research. The property consultant attributes the buying frenzy to fears that another round of property-cooling measures was imminent.

While residential property prices are still growing, the pace is much slower. Price growth was strongest in the suburbs, or Outside Central region, at 1.7%, as at end-1Q2013. Overall private home prices increased 3.4% y-o-y in 1Q2013, the highest y-o-y increase since 2Q2012, according to Knight Frank.

As for residential leasing, the mid-tier segment grew 4.1% to $5.15 psf per month in 1Q2013, showing stronger growth relative to the mass market, which grew just 0.7% to $3.36 psf per month, and the high-end segment, which fell 0.6% to $5.84 psf per month.

Source – TheEdge – 29 Apr 2013

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Posted in Cooling Measures, Property Market / Real Estate

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Public urged to submit ideas for building code

Posted on 29 Apr 2013 | Comments Off on Public urged to submit ideas for building code

Singapore’s Building and Construction Authority (BCA) will organise exhibitions at shopping malls over the next two years to raise awareness on features that will improve accessibility in public buildings.

The draft accessibility code is in its fourth review and the public can continue to contribute their ideas until tomorrow, reported The Straits Times.

According to Tan Chuan-Jin, Senior Minister of State for National Development, caregivers of wheelchair users, the hearing and visually-impaired and family-friendly groups have so far submitted ideas for better facilities. Suggestions include mandatory requirements for designated parking areas for parents with young children in strollers, handrails for wheelchair users and nursing rooms in more buildings.

Tan was guest-of-honour at the launch of BCA’s first exhibition at Marina Square held over the weekend.

Source : PropertyGuru – 29 Apr 2013

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Posted in Construction, Government

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