SINGAPORE: Sales of new private homes in Singapore jumped 80 per cent in April to a seven-month high, driven by the launch of two high-profile projects - Blossoms by the Park near one-north and Tembusu Grand in the Katong area. Excluding executive condominiums (ECs), developers sold 887 units in April,&nbs
SINGAPORE: Sales of new private homes in Singapore jumped 80 per cent in April to a seven-month high, driven by the launch of two high-profile projects - Blossoms by the Park near one-north and Tembusu Grand in the Katong area.492 units sold in MarchOn a year-on-year basis, sales rose by 34 per cent, according to data published by the Urban Redevelopment Authority on Monday .
Meanwhile, 90 per cent of Tembusu Grand buyers are Singaporeans. The project was launched earlier in April. "Some buyers expect prices to rise further since more buyers may enter the market when interest rates moderate and most Singaporeans are gainfully employed. Moreover, home prices have continued to rise even after each round of ABSD adjustments, based on historical trends."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan April wholesale prices rise 5.8%, but pace slows for 4th straight monthTOKYO : Japan's wholesale prices rose 5.8 per cent in April from a year earlier, but the pace slowed for the fourth straight month, data showed on Monday, suggesting that consumer inflation will begin to moderate as cost-push pressures ease.The rise in the corporate goods price index (CGPI), which measur
Read more »
S Korean house prices fall in April for 11th straight monthSEOUL : South Korean house prices weakened for an 11th consecutive month in April - its longest streak of declines in 11 years - but the pace of falls continued to slow, data showed on Monday.The nationwide house price index fell 0.47 per cent in April from the previous month, according to data from the K
Read more »
Experts downplay China debt trap concerns for Indonesia over HSR project overrunsConcession for Jakarta-Bandung HSR extended from 50 to 80 years. Read more at straitstimes.com.
Read more »
Thai election: Voters turn out in droves, some wearing wedding attire, cannabis print, even a boxThe Election Commission expects 80 per cent of the 52 million eligible voters to cast their ballot. Read more at straitstimes.com.
Read more »
Three-bedder at Casabella sold for $1.69 mil gainSINGAPORE (EDGEPROP) - The sale of a unit at Casabella, a freehold condo along Duchess Avenue, was the most profitable condo resale transaction recorded during the week of April 25 to May 2. The 1,292 sq ft, three-bedroom unit fetched $2.66 million ($2,059 psf) on April 27. It had been purchased for about $975,000 ($755 psf) in August 2005 from the developer. This means the seller made a gain of $1.69 million (173%) over a holding period of nearly 18 years.This marks a new psf-price high for Cas
Read more »
Why some new launches will still do well despite the latest cooling measuresThe latest cooling measures on April 27, 2023 had the biggest impact on foreign buyers, who saw their ABSD (additional buyer's stamp duty) rates double, from 30 per cent to 60 per cent. Some new launch condos, like Newport Residences, postponed their launch after the cooling measures were imposed. But Blossoms by the Park, another new launch condo, decided to...
Read more »