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Q3 home prices up 16%

Posted on 2 Oct 2009 | Comments Off

Analysts expect sales of private homes to hit all-time highs in the city-state this year as global economic prospects improve

SINGAPORE’S private home prices rose by a whopping 15.9 per cent in the third quarter, reversing four straight quarters of decline.

Prices of non-landed private homes in the city fringes rose the most – by 19.1 per cent, according to flash estimates released by the Urban Redevelopment Authority on Thursday.

Rising in tendem were prices of Housing Board resale flats which rose 3.2 per cent in the third quarter.

The new city-fringe projects that sold well in the third quarter and contributed to the steep rise in the price index were Vista Residences, Parc Imperial, Ascentia Sky and Trevista, said CBRE Research.

Suburban home prices went up by 15.4 per cent while prices of city-centre homes rose 16.2 per cent.

These estimates are based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, supplemented by information on the number of new units sold.

Source : Straits Times – 1 Oct 2009

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Posted in Property Market / Real Estate, Property Price

Tagged Market Report, Singapore Property, Singapore Property Market, Singapore Property Prices

Flats Offered under SBF Exercise

Posted on 2 Oct 2009 | Comments Off

A total of 2,132 flats are being offered under the SBF on Thursday.

Spread over 24 towns/estates, the flat supply comprises 121 units of Studio Apartments (SA), 58 units of 2-room, 345 units of 3-room, 1,184 units of 4-room, 281 units of 5-room, 32 units of Executive flats, as well as 77 and 34 units of S1 and S2 flats.

Prices start from $97,000 for SA, $111,000 for 2-room, $118,000 for 3-room, $178,000 for 4-room, $238,000 for 5-room and $324,000 for Executive flats.

Buyers looking for more affordable options can consider the flats at Jurong East and Jurong West, where prices of 2-room, 3-room, 4-room and 5-room flats range from $111,000 to $124,000; $118,000 to $227,000; $219,000 to $327,000 and $238,000 to $385,000 respectively.

At least 90 per cent of the flat supply (excluding SA) for Public Applicants will be set aside for first-timers. No additional chances will be accorded to repeatedly unsuccessful first-timers. Continue reading →