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Ipin Global, 7 Apr 2011Demand from overseas buyers is helping to drive the cost of private apartments in Singapore to record highs. The average value of a property now stands at USD 1,935 per square foot for prime areas.Jones Lang La Salle reports that increased demand from mainland Chinese, Indonesian and Malaysian investors has been the primary driver behind the growth. Indeed, buyers from the

Business Area, 4 Apr 2011SINGAPORE – The number of mainland Chinese people who buy residential properties in Singapore have increased 3 percent in the fourth quarter of 2010. An increasing number of buyers this property is an indication that people distance themselves from the mainland China property market is already too hot. This also means that by 2010, the proportion of Chinese buyers in the

HiFX News, 2 Apr 2011The property market in Singapore is receiving a boost from the expatriate community as foreigners move in to snap up apartments.According to a statement from Jones Lang LaSalle, overseas interest has pushed up the average value of prime property to around $1,935 per square foot.Indeed, private apartment prices have reached record levels during the first quarter of 2011. Full

Washington Post, 1 Apr 2011SINGAPORE — Singapore’s housing prices inched higher to a fresh record high in the first quarter even as the government implemented measures in a bid to cool the market.The Urban Redevelopment Authority said Friday that private residential property prices rose 2.1 percent in the January-to-March period, slowing from 2.7 percent growth in the fourth quarter. Full

Property-report.com, 28 Mar 2011Singapore’s property investment sales remained active in the first quarter of 2011, continuing on a blockbuster 2010.Investment sales in Q1 2011 have amounted to $7.23 billion (US$5.73 billion) so far, 66.6 per cent higher that the S$4.34 billion (US$3.44 billion) in Q1 2010, according to a report from CB Richard Ellis. The private investment sales market has

iStockAnalyst, 28 Mar 2011SINGAPORE, Mar. 28, 2011 (Xinhua News Agency) -- Private home prices in Singapore went down slightly in February, according to an index released on Monday by the National University of Singapore's Institute of Real Estate Studies. The Singapore Residential Price Index, which covers non-landed properties in the central and non-central regions in Singapore, was down 0.4

The Jakarta Globe, 27 Mar 2011Private home prices in Singapore rose 17.6 percent last year despite government attempts to cool the market in February and August. Resale prices of HDB apartments that house more than 80 percent of the population gained 14 percent.The city-state’s median household income rose a much smaller 3.1 percent, or 0.3 percent after adjusting for inflation, to S$5,000 a

The China Post, 22 Mar 2011HDB used to have a line-up system where it would build and complete flats before they were sold to buyers in the line. This exposed HDB to considerable holding risk. If HDB misjudged the demand, or if demand evaporated for some reason, the result would be a big stock of unwanted, empty flats. Full story

Property-report.com, 15 Mar 2011New Singapore home sales slowed down to 1,101 in February from 1,209 units sold in January, according to figures from CB Richard Ellis.“Sales activity was stimulated by the launch of new upgrader-type of projects at locations with good accessibility. We observed that home prices have more or less held firm,” said Li Hiaw Ho, Executive Director of CBRE Singapore

Property-report.com, 14 Mar 2011Good-class Bungalows in Singapore are continuing to transact for record prices, despite a dip in demand due to cooling measures passed in January.The latest big deal to attract attention was the sale of a house on Cluny Road for S$33 million (US$26 million), or about S$2,038 (US$1,605) per square foot ......... That makes it the most expensive good-class bungalow

Property-report.com, 4 Mar 2011Local analysts predict house prices in Singapore might fall over the next few years due to a significant increase in supply of completed units.As reported ....... analysts expect 2013 and 2014 to be the risky years. Statistics from the Urban Redevelopment Authority on homes under construction or already with planning approvals showed that 17,111 new homes will be

Gov Monitor, 3 Mar 2011The Minister for National Development has announced that the pace of the Home Improvement Programme (HIP) will be increased.The number of HIP projects had doubled from 7 to 14 over the last 2 years.HDB will increase it to 28 projects next year and the pace will be further increased to 35 projects per year by 2014. Full story

Reuters, 3 Mar 2011(Reuters) - The Singapore government will do "whatever it takes" to ensure stability in the property market, a government minister said on Thursday.Mah Bow Tan, minister for national development, told parliament that recent cooling measures have prevented prices from rising sharply, but he added the government could increase land sales. Full story

Property-report.com, 1 Mar 2011Property buyers and investors will be heading to Singapore this weekend for the return of the iProperty.com International Collection Expo. Taking place on March 5-6 at the Marina Bay Sands, the expo is expected to offer property investment opportunities in more than 60 exclusive developments from developers in Singapore, Malaysia, Thailand, Australia, the United

H88.com.sg, 1 Mar 2011The NUS’s Singapore Residential Price Index (SRPI) has reflected some slightly surprising news — prices of non-landed private homes rose by 2.6%. The increase in prices was expected, but not by this much.Although 2.6% doesn’t sound like it’s a lot, just imagine: 2.6% of a $1 million condo unit works out to an increase of $26k! But yes, 2.6% is rather significant, for two

Gov Monitor, 28 Feb 2011HDB is launching three Build-To-Order (BTO) projects in Sengkang and Bukit Panjang.95% of the flat supply will be set aside for first-timer households.A total of 1,593 standard flats will be offered, comprising 205 units of 2-room, 219 units of 3-room, 800 units of 4-room and 369 units of 5-room flats.HDB is launching three BTO projects today – Fernvale Flora and Fernvale

NasdaqSINGAPORE -(Dow Jones)- The Singapore government Monday said it will raise development charges applicable for properties during the March 1 to August 31 period.The Ministry of National Development will increase development charges for non-landed residential property by an average of 11%, while development charges for landed property will be increased by an average of 25%. Full story

Reuters, 27 Feb 2011Feb 28 (Reuters) - Singapore's CapitaMall Trust Management said on Monday it has entered an agreement to buy a shopping mall in the city-state, Iluma, for S$295 million ($231 million). Full story

Property-report.com, 25 Feb 2011Singapore prices may drop thee to five per cent this year, according to City Development (CDL) billionaire chairman Kwek Leng Beng.Kwek made the prediction while his company, the second biggest developer in Singapore, announced a record pre-tax profit of over S$1 billion (US$783 million) in 2010.Kwek said that the drop in prices could offer opportunities for buyers

The Jakarta Globe, 25 Feb 2011Singapore. A prime slice of Singapore government land near Bishan MRT station sparked a bidding war that involved 19 bids and delivered a top offer that was nearly double the market expectations.Analysts had expected a price of S$303 million for the residential site, but CapitaLand easily trumped that with an offer of S$550 million, or S$869 per sq ft per plot ratio