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Condo, HDB rents continued to slip in December

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The housing rental market remained in a soft patch in December, but the full-year rental declines were more moderate than the year before. In the private non-landed segment, rents slipped 0.3% in December from a month ago - bringing the full-year decline to 0.5%. HDB rents marked a 0.6% fall in December from November, bringing…

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Singapore’s unsold units at 7-year low in Q3 2017

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With the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell to a 7-year low at 16,031 units during the 3rd quarter of 2017, reported Singapore Business Review. Total transaction volume, on the other hand, rose 54 percent year-on-year in the first ten months of 2017. In fact, quarterly resale volumes…

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Sixth Avenue Centre up for sale

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Sixth Avenue Centre, a freehold mixed-use development in Bukit Timah Road, is being put up for sale. The collective sale has an indicative guide price of $90.5m or a land rate of $2,022 psf ppr, factoring in a development charge of approximately $526,000. Completed in the 1980s, the development - which consists of seven shops…

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Low Keng Huat to launch 2 freehold projects

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Singapore-listed property developer Low Keng Huat will launch 2 freehold landed projects in the landed residence enclave of Lorong Kismis and Eng Kong Park off Upper Bukit Timah Road tomorrow. 1 is Kismis Residences, a 31-unit freehold landed development; the other is the adjacent 7-unit freehold strata landed development, Transquilia @ Kismis. The latter will be…

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Property market finally on the upturn

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After 3 years of falling prices, 2018 is looking like the year that the Singapore property market’s long-awaited turnaround finally gains traction. While market watchers generally agree that prices will move up, their forecasts for the increases vary from as low as 3% to a giddy 15%. Most also agree that resales will drive transaction numbers…

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HDB resale prices inch up 0.1% in December: SRX

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Resale prices of Housing Board flats ended the year on a modest high note although the number of transactions slumped. Values inched up 0.1% last month over November, according to flash estimates from SRX Property yesterday. That reversed the 0.1 per cent dip recorded from October to November. Sales figures told a different story with 1,585…

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Kovan Apartments up for collective sale for $33m

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Kovan Apartments, a 4-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33m. The asking price, however, excludes an estimated development charge of $2.57 million since the site is not fully built to its allowable plot ratio. Completed around 1995, the 16-unit freehold…

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Private home prices post 1% increase for 2017

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Private residential home prices rose 0.7% in the 3 months to Dec 31 last year, following a similar 0.7% increase in the previous quarter, according to flash estimates released by the URA yesterday. For the whole of 2017, prices appreciated 1%, in contrast to the 3.1% decline in 2016. For non-landed private homes, prices rose…

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