Private New Home Sales Monthly Report (August 2022)
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LATEST STORY
US pending home sales index drops to lowest level on record
Latest News from the Business Times
US pending home sales index drops to lowest level on record
30 Nov, 2023
A GAUGE of pending sales of existing US homes fell to its lowest level on record in October, illustrating a resale market battered by high borrowing costs and prices.
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Australia's housing rebound loses steam
30 Nov, 2023
AUSTRALIA’S housing rebound lost some steam approaching the year-end, with price gains slowing to the lowest in nine months as fresh worries about the interest rate outlook, a rise in listings and worsening affordability weighed.
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Mind the adverse impact on returns from higher property taxes on homes
30 Nov, 2023
FOR some Singaporeans, owning one’s home for occupation while renting out another property for rental income and potential capital gains sounds like a great plan to fund retirement needs.
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China’s home sales spiral despite backstop plan for developers
30 Nov, 2023
THE decline in China’s home sales accelerated in November, as buyers remained wary of the turmoil in the country’s real estate sector.
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China Evergrande seeks to avoid liquidation with last-ditch debt plan
30 Nov, 2023
CHINA Evergrande Group, the world’s most indebted property developer, is seeking to avert a potentially imminent liquidation with a last-minute debt restructuring proposal, three people with direct knowledge of the matter said.
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One-off property tax rebate for owner-occupiers to take edge off tax spike in 2024
30 Nov, 2023
SINGAPORE homeowners will face a higher property tax burden next year as both annual values (AVs) and tax rates rise, prompting the government to hand out a one-off rebate to soften the blow.
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UK mortgage approvals jump as housing market steadies
29 Nov, 2023
UK MORTGAGE approvals rose for the first time in four months in October as cheaper borrowing costs enticed buyers back into the housing market.
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US mortgage applications for home purchases rise for fourth week
29 Nov, 2023
US MORTGAGE applications for home purchases increased for a fourth week, the longest stretch of gains since March that was aided by a further easing in borrowing costs.
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Chinese-style quantitative easing eyed for property fix
29 Nov, 2023
CHINA’S deepening property rout is pushing the nation’s central bank towards a style of policy it has long criticised: quantitative easing (QE).
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Europe’s property slump is near the end and set to recover
29 Nov, 2023
THE crunch that has squeezed values of Europe’s best buildings is nearing its end, with the outlook for next year increasingly optimistic, according to AEW.
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US commercial mortgage distress rises in November on office woes
29 Nov, 2023
LATE payments on US commercial property loans rose in November, driven by growing distress among office properties, according to a new report by Kroll Bond Rating Agency (KBRA).
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October condo rents slide again; 2024 demand-supply gap could widen
29 Nov, 2023
THE condominium rental market booked its third consecutive month of declines in October, while prices for Housing and Development Board (HDB) rents fell for the first time since October 2021.
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Latest Blog Posts

Private New Home Sales Monthly Report (July 2022)

Friday, Aug 19, 2022

Private new home sales rebounded in July as the launch of AMO Residence in Ang Mo Kio helped to lift sales during the month. Developers sold 834 new private homes (ex. Executive Condos) in July, of which 366 units (or 44%) were transacted at AMO Residence. July’s...

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Cape Royale’s launch after 9 years: Is Sentosa’s property market making a comeback?

Friday, Jul 29, 2022

Earlier this year, Cape Royale, a Sentosa Cove condominium, made headlines for launching for sale nine years after it was completed.
According to Dominic Lee, Head of Luxury Team at PropNex Realty, new launches in the CCR have been selling at unit prices above S$2,600 psf while some projects in the RCR are already selling at unit prices over S$2,100 psf. Hence, it makes the properties at Sentosa more appealing.

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Second Quarter 2022 Residential Report

Monday, Jul 25, 2022

Private home prices continued to rise in Q2 2022, at a faster pace compared to the first quarter, according to flash estimates released by the Urban Redevelopment Authority (URA). This was despite the many uncertainties in the market which surfaced during the quarter, ranging from rising inflation, stock market turmoil and monetary tightening as central banks around the world raise interest rates to temper soaring inflation.

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Private New Home Sales Monthly Report (June 2022)

Monday, Jul 25, 2022

CCR Projects take the lead in June 2022 Monthly – Overall new home sales in June fell to 488 units, down sharply by 64% from the previous month owing to the lack of new launches, dwindling supply of unsold units, and the quieter June Holiday period.

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