Tag Archives: Singapore Residential Property

Where are buyers searching

As part of plans to keep our readers better informed of what’s ‘hot’ in the property market, we provide an update of the most searched properties from the PropertyGuru website in the past week, as well as popular buying locations in Singapore.

The most searched private condominium project was The Interlace, which overtakes Sky Habitat which had topped the list previously for two weeks straight. The 99-year leasehold condo at Depot Road in District 3 is already completed. A Credit Suisse report in May noted that seven apartments were sold at the project in Q1 2015, but there are still 162 unsold units.

The 480-unit Westwood Residences at Jurong West in District 22 remains as the top searched executive condominium (EC) for sale. The project’s popularity could be attributed to its bicycle theme, which differentiates it from other condos and ECs.

The Jurong area has also been attracting a lot of attention with recent news of positive developments such as the future Singapore-Kuala Lumpur high speed rail terminus being built on the current site of Jurong Country Club.

Meanwhile, Sengkang (D19) is still the most searched HDB estate for sale and is now considered a self-contained estate. Residents are within walking distance to several shopping malls and neighbourhood schools.

Happy house hunting!

Top 5 condos for sale

1. The Interlace
2. Sky Habitat
3. The Panorama
4. Botanique at Bartley
5. Kingsford Waterbay

Top 5 ECs for sale

1. Westwood Residences
2. Bellewoods
3. Bellewaters
4. Skypark Residences
5. Sea Horizon

Top 5 HDB estates for sale

1. Sengkang
2. Jurong West
3. Woodlands
4. Tampines
5. Hougang

27,000 uncompleted private homes unsold

Recent data from Singapore’s Urban Redevelopment Authority (URA) shows that 21,319 residential units are expected to be completed over the next three quarters of this year while another 25,769 units are set to be completed in 2016, media reports said.

The figure which includes executive condominiums (ECs), is on top of the 23,298 units completed last year.

After 2016, URA expects the number of completions to moderate to 16,186 units by 2017 and 15,642 units by 2018.

URA also revealed that the number of uncompleted private units in the pipeline (excluding ECs) stood at 68,201 units as at end-Q1 2015, down from 68,960 units in the quarter before.

Of this, 27,061 homes are still unsold as at Q1. This is 1.2 percent up from 26,742 units in the previous quarter.

Including the 15,441 ECs, the total supply in the pipeline stands at 83,642 units.

Pipeline supply Source : URA