Still Pushing Ahead ? Singapore?s Red Hot Residential Property Market
The Reef @King's Dock and CanningHill Piers will be two key luxury waterfront projects touted to lure potential investors in the coming years.
The post Still Pushing Ahead ? Singapore’s Red Hot Residential Property Market appeared first on LUXUO.
Despite the upward revisions in ABSD rates, foreign investors remain unfazed. Singapore’s residential property market is still red hot. The facts are there. While the government revised the ABSD rates for foreign buyers and residential investors to cool the red-hot home market, their buying appetite still remains largely unaffected. Based on a market snapshot by Knight Frank Q1 2021, 6,375 units were transacted; Total non-landed transactions in the CCR (Core Central Region) dipped 4.2 per cent q-o-q in Q4 2021 as resale transactions declined. Overall, 5,563 units were transacted in 2021, 84.9 per cent higher than in 2020. CanningHill Piers. Image: Capitaland and CDL.
URA flash estimates reported a marked growth in non-landed private residential home prices (exclusive Executive Condominiums) where it breached double digits in 2021 at 9.9 per cent, a new high since 2010 when prices rose 14 per cent.
The RCR (Rest of Central Region) trumped the other residential segments in terms of price growth and primary sale volume. Â The non-landed RCR price index spiked by 7.3 per cent q-o-q in Q4 2021, contributing to an astounding 16.9 per cent increase in 2021. All thanks to new sales in the RCR segment, these launches were succe...
The post Still Pushing Ahead ? Singapore’s Red Hot Residential Property Market appeared first on LUXUO.
Despite the upward revisions in ABSD rates, foreign investors remain unfazed. Singapore’s residential property market is still red hot. The facts are there. While the government revised the ABSD rates for foreign buyers and residential investors to cool the red-hot home market, their buying appetite still remains largely unaffected. Based on a market snapshot by Knight Frank Q1 2021, 6,375 units were transacted; Total non-landed transactions in the CCR (Core Central Region) dipped 4.2 per cent q-o-q in Q4 2021 as resale transactions declined. Overall, 5,563 units were transacted in 2021, 84.9 per cent higher than in 2020. CanningHill Piers. Image: Capitaland and CDL.
URA flash estimates reported a marked growth in non-landed private residential home prices (exclusive Executive Condominiums) where it breached double digits in 2021 at 9.9 per cent, a new high since 2010 when prices rose 14 per cent.
The RCR (Rest of Central Region) trumped the other residential segments in terms of price growth and primary sale volume. Â The non-landed RCR price index spiked by 7.3 per cent q-o-q in Q4 2021, contributing to an astounding 16.9 per cent increase in 2021. All thanks to new sales in the RCR segment, these launches were succe...
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