With many buyers flocking back to the market following the end of the circuit breaker, resale volume surged 127.3% to 7,787 units in Q3 2020 from 3,426 units in Q2 2020, making Q3 2020 the strongest quarter sales since Q3 2010 when 8,205 units were shifted. Singapore’s public housing market registered a stunning rebound in the third quarter of 2020, with HDB resale prices increasing 1.5%...
The disbursement of Central Provident Fund (CPF) housing grants, decrease in the sales of flats, and the expected loss for flats that are currently under development have been attributed for the figures. The Housing and Development Board (HDB) has announced an annual loss of $2.66 billion in the financial year ended 31 March, up from about $1.98 billion a year previously, according to its annual 2019/20...
At a land area of approximately 305.7 sqm (3,290 sq ft), the 2-storey semi-detached house has 51 years left in its leasehold tenure of 99 years. Image: Google Street View Knight Frank Singapore has sold a property at 14 Lorong Kismis for $1.32 million, or 22% above its opening price of $1.1 million at its first property auction since the circuit breaker, according to release on 23 October. At a land...
Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”. Singaporean home purchases hit a new high in the third quarter of 2020, accounting for 80.7% of total non-landed home buyers with 4,754 sales, according to an OrangeTee and Tie report. The figure is...
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