Singapore’s private resale housing market last month saw prices inch up 0.9 per cent to a new high, even while the number of condominium units resold dipped by 11.4 per cent as tightened Covid-19 measures restrict property viewings.
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Private home resale prices in Singapore rose 5.8 per cent last month over April last year. THE STRAITS TIMES
Singapore condo resales hit 11-year high in April, prices rise 1.5%
Wed, 12 May 2021
Singapore’s private resale housing market remained robust with the number of condominium units resold last month hitting an 11-year high as prices rose 1.5 per cent from March.
Resale volume last month jumped by 7.9 per cent to an estimated 1,993 units from 1,847 units in March, representing the highest monthly volume since April 2010, according to flash data from real estate portal SRX released on May 11.
Volumes last month were estimated to be 528.7 per cent higher than in April last year, and 125.2 per cent more than the five-year average volumes for the month of April.
The Straits Times
Home buyers fret as some BTO flats may be delayed by a year or more
Many BTO projects are facing delays due to a labour crunch in the construction industry.ST PHOTO: NG SOR LUAN
https://str.sg/JtDX
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Experts said the return to phase two Covid-19 curbs will help underpin demand.
Resale prices climbed 1.2 per cent last month compared with March, according to flash data from real estate portal SRX released on Thursday (May 6).
The 21 million-dollar flats sold last month were an increase from March, when 17 such flats were sold. The monthly record so far is 23 million-dollar flats sold in February.
The number of million-dollar flats sold in April accounts for 0.9 per cent of the total resale volume in the month, said SRX.
This brings the total of HDB flats that have sold for more than $1 million to 74 units in the first four months of this year, compared with 14 such units sold during the same period last year.
Apr 23 2021, 4:42 PM
April 23 2021, 6:07 AM
April 23 2021, 4:42 PM
(Bloomberg) Singaporeâs property frenzy continued last quarter as home prices grew more than expected, fueling concerns that authorities may step in to cool the market.
(Bloomberg) Singaporeâs property frenzy continued last quarter as home prices grew more than expected, fueling concerns that authorities may step in to cool the market.
Private property values increased 3.3% in the three months through March, the Urban Redevelopment Authority said on Friday. Thatâs higher than the preliminary estimate of 2.9% and the biggest gain since the second quarter of 2018.
Singaporeâs property market has been heating up in recent months as buyers capitalize on low interest rates and expectations that prices will climb further after the economy recovers. Values of public housing flats and luxury homes have also jumped, with some breaking records. Sales of private homes reached the highest level in al