Tag Archives: Urban Redevelopment Authority

Private residential prices increased by 0.4% in 2Q 2012

Posted on 27 Jul 2012 | Comments Off on Private residential prices increased by 0.4% in 2Q 2012

The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2012.

Prices of private residential properties increased by 0.4% in 2nd Quarter 2012, compared to the 0.1% decrease in the previous quarter.

Prices of non-landed properties in Core Central Region (CCR) and Rest of Central Region (RCR) increased by 0.6% and 0.4% respectively in 2nd Quarter 2012, compared to the decrease of 0.6% for both market segments in the previous quarter. For Outside Central Region (OCR), prices increased at a slower pace of 0.5% in 2nd Quarter 2012, compared to the increase of 1.1% in the previous quarter.

Rentals of private residential properties increased by 0.3% in 2nd Quarter 2012, the same rate of increase as in the previous quarter.

For new launches, a total of 6,115 uncompleted private residential units were launched for sale by developers in 2nd Quarter 2012, compared with 6,903 units in 1st Quarter 2012.

5,402 private residential units (both completed and uncompleted) were sold by developers in 2nd Quarter 2012, compared with 6,526 units in 1st Quarter 2012. Most of the units, close to 70%, sold by developers were from OCR in 2nd Quarter 2012.

Take-up of shoe-box units (i.e. smaller than 50 sqm) accounted for 19% (or 1,038 units) of new sales in the quarter, less than the 27% in the previous quarter. Lower-priced units less than $750,000 accounted for 27% (or 1,435 units) of new sales in 2nd Quarter 2012, lower than the 42% (or 2,766 units) seen last quarter (see Annex C-3).

The volume of resale transactions increased significantly from 2,206 units in 1st Quarter 2012 to 3,487 units in 2nd Quarter 2012. Resale transactions accounted for 37% of all sales in 2nd Quarter 2012, higher than the 24% in the previous quarter.

Sub-sales accounted for 6% of all sale transactions in 2nd Quarter 2012, higher than the 5% recorded in 1st Quarter 2012.

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Govt to release two residential sites in Dairy Farm Road and Punggol

Posted on 23 Jul 2012 | Comments Off on Govt to release two residential sites in Dairy Farm Road and Punggol

To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB) have launched two residential sites at Dairy Farm Road and Punggol Way / Punggol Walk respectively for sale by public tender today.

The two land parcels are launched for sale under the Confirmed List of the 2nd half 2012 (2H2012) Government Land Sales (GLS) Programme. Together, these sites will yield about 950 units, as part of the 7,060 residential units to be launched for sale under the 2H2012 GLS Programme.

The site at Dairy Farm Road is located within an established private residential estate and is easily accessible by Bukit Timah Expressway and Pan Island Expressway. It is also located close to the future Hillview MRT Station on the Downtown Line 2.

Located near the Punggol Promenade, the site at Punggol Way / Punggol Walk enjoys accessibility to Tampines Expressway, which is a mere minutes away. The site is also near Punggol MRT station and Punggol bus interchange.

Tender for the residential sites at Dairy Farm Road and Punggol Way / Punggol Walk will close at 12 noon on 11 September 2012 and 4 September 2012 respectively. Selection of the successful tenderer will be based on the tendered land price only.

Source URA – 2012 Jul 23

 

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