Ready & Steady ? Singapore Property Outlook 2021
Experts share their views on how the robust Singapore property market is shaping up to be in 2021.
The post Ready & Steady – Singapore Property Outlook 2021 appeared first on LUXUO.
Singapore is regarded as a safe haven for property investors, despite the global pandemic!
Artist’s rendering of Guocoland’s Guoco Midtown where residents can live, work, and play.
In Q2 2020, Singapore’s residential market seemed to prove its resilience even as the pandemic cast a gloomy pall and the nation’s lockdown was in force. With closure of showflats, there were 2,253 transactions of non-landed private homes (excluding Executive Condominiums (ECs) lodged in the quarter.
While transaction volumes fell 40.5% q-o-q ? prices of non-landed private residential properties in the Core Central Region (CCR) declined by 0.1% q-o-q to 131.0 in Q2 2020, moderating from the 2.2% q-o-q drop in Q1 2020, there was still hunger in the new home market while circuit breaker kicked in and buyers remained cooped up at home. Non-landed transaction volumes (excluding EC) in the CCR decreased by 60.4% q-o-q to 381 units in Q2 2020, after increasing steadily for the past two quarters. Projects in the CCR that launched for sale in the quarter were limited.
All eyes were on Kopar at Newton where 116 deals transacted at an average unit price of SGD 2,275 per square foot (approx. USD 1,672) (psf), the highest volume in Q2 2020. There were 71 transactions between 4 and 6 April alone b...
The post Ready & Steady – Singapore Property Outlook 2021 appeared first on LUXUO.
Singapore is regarded as a safe haven for property investors, despite the global pandemic!
Artist’s rendering of Guocoland’s Guoco Midtown where residents can live, work, and play.
In Q2 2020, Singapore’s residential market seemed to prove its resilience even as the pandemic cast a gloomy pall and the nation’s lockdown was in force. With closure of showflats, there were 2,253 transactions of non-landed private homes (excluding Executive Condominiums (ECs) lodged in the quarter.
While transaction volumes fell 40.5% q-o-q ? prices of non-landed private residential properties in the Core Central Region (CCR) declined by 0.1% q-o-q to 131.0 in Q2 2020, moderating from the 2.2% q-o-q drop in Q1 2020, there was still hunger in the new home market while circuit breaker kicked in and buyers remained cooped up at home. Non-landed transaction volumes (excluding EC) in the CCR decreased by 60.4% q-o-q to 381 units in Q2 2020, after increasing steadily for the past two quarters. Projects in the CCR that launched for sale in the quarter were limited.
All eyes were on Kopar at Newton where 116 deals transacted at an average unit price of SGD 2,275 per square foot (approx. USD 1,672) (psf), the highest volume in Q2 2020. There were 71 transactions between 4 and 6 April alone b...
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