Residential Property
Huge turnout at property auctions as mortgagee listings surge
Attendance more than doubled in Q1.
Five homes auctioned off at massive losses in Q1
One deal lost $2.1m.
Crafty buyers on the lookout for cheap homes at property auctions
More homes will be auctioned off this year.
Desperate owners put more homes on the auction block in Q1
123 homes went under the hammer.
Property sales set to jump further in April after soaring in March
Thanks to a slew of new launches.
Institutional investors looking to dispose of luxury flats via bulk sale deals
Morgan Stanley and Lafe Corp are looking for buyers.
Developers shun residential sites despite reduced DC rates
The price expectations gap is widening.
Keppel Land's net profit slipped 17.2% to $72.6m in Q1
Due to zero revenue from The Lakefront Residences.
Daily Briefing: Buying an HDB flat as a single; SMRT partners with OMG for Singapore telco bid
And new condo sales pick up pace.
New home sales volume feared to crash to crisis levels
Less than 1,400 homes were sold in Q1.
New home sales surged 57% in March
613 units were sold.
Developers suffer more bulk sales of loss-making luxury projects
Sellers are getting impatient as downcycle intensifies.
Private rents fell 6.3% in March while rental volume surged
Almost 4,000 units were rented last month.
Private residential resale prices dipped 3.9% in March
440 units were resold.
New home sales slipped 27.3% just over a thousand units in Q1
Rising interest rates dampened sales.
Ascott’s Citadines brand forays into three new overseas locations
It is one of their fastest growing brands.
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