According to developers’ sales survey by the Urban Redevelopment Authority, the number of units launched fell sharply by 75.5 per cent month-on-month (m-o-m) to 444 units in April. There were only three mid to small-sized projects launched last month - Mayfair Modern (171 units), Coastline Residences (144 units) and Wilshire Residences (85 units).
“By raising the age to 95, the pool of buyers who can utilize pension funds to buy older flats will increase,” said Christine Sun, the head of research at OrangeTee & Tie Pte. “The increased demand may stabilize the price gap between older and newer flats.”
Singaporeans’ deep-seated desire for home ownership and property investment has sustained buying interest of private homes in the primary market. Based on URA quarterly data, developers moved 1,838 new homes excluding executive condominiums (ECs) in the first quarter of this year, 16.3 per cent higher y-o-y and 0.1 per cent q-o-q.
As part of OrangeTee & Tie’s Corporate Social Responsibility (CSR) initiative – Love For Senior Citizens, the management team, together with a group of associates spent a fulfilling evening with the senior citizens at Changi Point Chalet to celebrate Mother’s Day! (MD […]
DESPITE lingering concerns about depreciating value and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie. For the first quarter this year, 628 older flats […]
HDB resale volume may rise in tandem with more flats reaching their five-year MOP this year. With more flats possibly being placed on the resale market, prices may face downward pressure for some flats.
“The rising number of affluent locals purchasing luxury homes indicates their confidence that Singapore remains a safe haven for capital preservation and appreciation,” Christine Sun, Head of Research & Consultancy, OrangeTee & Tie said.
According to data released by the Urban Redevelopment Authority earlier this month, 26 of the 35 apartments that were marketed in March were sold, including one penthouse that went for S$28 million, or S$4,927 per square foot. That’s the highest price per square foot for a new unit since June 2013, Christine Sun, Head of Research & Consultancy, OrangeTee & Tie said.
上个月月度性、季度性和年度性的新私宅销售反弹强劲。根据市区重建局（URA）的销售调查，3月份新私宅销售量月环比增长131.6％至1,054套。包括执行共管公寓（EC）在内，发展商上个月销售了1,062套，月环比增长了132.4％。不包括新EC的销售也同比增长47.2％。
Sentiment is proving most positive in the super-luxury segment with a significant pick up in sales. In March, 25 new homes were sold above the S$5 million ($3.7 million) mark, the most since December 2013, Christine Sun, Head of Research & Consultancy, OrangeTee & Tie said.
