Singapore Property Market Watch - October 2008

October 25, 2008


 

A Singapore Real Estate Digest by Justin Ng
October 2008 Edition

Latest Singapore Property Market News

Singapore\’s Q3 private home prices down 2.4% on quarter
SINGAPORE:
Private home prices in Singapore came in weaker than expected for the
third quarter, dropping by 2.4 per cent - worse than an earlier
estimate of 1.8 per cent. The quarter-on-quarter drop was the first
decline in more than four years.

Data
from the Urban Redevelopment Authority (URA) showed prices fell across
the board, with prices for high-end homes in prime areas seeing the
biggest drop of 2.7 per cent.

Read More…

September figures show continued softness in private home sales
SINGAPORE: Sales of private homes in Singapore improved 17.5 per cent in September, compared to the previous month.

But analysts said the pickup fell short of expectations, given the low base in August caused by the Hungry Ghost Festival.

The seventh month of the Lunar calendar is traditionally regarded as an
inauspicious period and buyers usually refrain from making purchases
during that time.
Almost 300 per cent more units were launched for sale in September,
compared to August.

Property developers sold 376 units in September, just 51 units more
than the preceding month. Nonetheless, some analysts see something to
cheer about in the data.

Read More…

Featured: Sim Lim Square Units for Sale

Sim
Lim Square, commonly referred to as SLS, is an established 390,000
square feet (36,000 m2) commercial shopping centre specialising in
electronics and IT Products in Singapore, and is generally regarded in
modern day Singaporean culture as perhaps the most established “IT
mall” compared to its closest competitors. Popular with both tourists
and locals, CNET Asia has called it the “electronics hub of Singapore”.

There
are currently 3 shop/retail space with good frontage for sale with
tenancy. Please kindly contact Justin @ 91029456 if you are keen to
explore further.

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  • Property Statistics

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  • About Justin Ng
  • September\’s Property Transactions

    Flat Type Units Sold
    4 Room 922 units
    3 Room 692 units
    5 Room 689 units
    Condominium 472 units
    Apartment 241 units
    Executive 191 units
    Terrace House 75 units
    Executive Condominium 49 units
    Semi-Detached House 36 units
    Detached House 21 units
    2 Room 18 units
    HUDC 6 units
    1 Room 1 units
    Multi-generation 1 units
    HDB Town/Estate Units Sold
    Woodlands 228 units
    Tampines 197 units
    Jurong West 180 units
    Sengkang 148 units
    Ang Mo Kio 143 units
    Bedok 140 units
    Yishun 132 units
    Choa Chu Kang 124 units
    Hougang 114 units
    Bukit Batok 114 units

    Singapore Property Trend - Past Transactions

    Past Property Transactions - 3 Rooms
    Past Property Transactions - 4 Rooms
    Past Property Transactions - 5 Rooms
    Past Property Transactions - Executive
    Past Property Transactions - Apartments
    Past Property Transactions - Condominiums
    Past Property Transactions - Detached House

    Past Property Transactions - Terrace House

    DISCLAIMER:
    The information is provided at JustinngProperties.com\’s sole discretion
    for general information only. It shall not be used for entering into
    any sale and purchase agreement nor for any other purpose (including
    commercial purposes). You agree not to hold JustinngProperties.com
    liable for any damage or loss that you may be exposed to and shall
    indemnify JustinngProperties.com for any claim or loss which you may
    suffer as a result of accessing or using this free website and tools.
    Copyright (c) 2008 JustinNgProperties.com. All Rights Reserved. Justin Ng Properties   
     

    Singapore Property Watch - September 2008

    September 20, 2008

    A Singapore Real Estate Digest by Justin Ng
    September 2008 Edition

    Latest Singapore Property Market News

    Sales of new private residential homes fall by 64% in August 2008
    SINGAPORE: Sales of new private residential homes slipped 64 per cent to 320 units in August, as compared to over 890 units sold in July. Market watchers say this is the weakest transaction volume since April 2008.

    At the peak of the property boom in August 2007, over 1,700 units of private homes were sold, and the 320 units sold in August 2008 was 81 per cent lower year-on-year.

    Read More…

    Introducing Property-SearchOnline.com

    Property Search Online is one of the fastest growing property and real estate forum in Singapore. Since its soft launch in May 2008, it has attracted more than 360 registered members and registration is completely free!

    Justin has appointed Property Search Online to become the official distributor for the entire suite of Justin Ng Property Tools.

    Comparative Market Analysis (CMA) Report will be one of the unique products to be rolled out on its official launch in October 2008. View CMA sample report for HDB Flats and Private Properties

    For just as low as $10.00 per copy, you get to know everything about your lovely apartment within a minute or two.

    We are currently seeking for partners to be part of our reseller program and earn recurring commissions from our wide range of products and services.

    For inquiries on our reseller program, please email to admin@justinngproperties.com

    August’s Property Transactions

    Flat Type Units Sold
    4 Room 769 units
    3 Room 653 units
    Condominium 653 units
    5 Room 577 units
    Apartment 291 units
    Executive 187 units
    Terrace House 91 units
    Executive Condominium 56 units
    Semi-Detached House 36 units
    2 Room 25 units
    Detached House 19 units
    HUDC 2 units
    Multi-generation 1 units
    HDB Town/Estate Units Sold
    Woodlands 198 units
    Tampines 158 units
    Jurong West 149 units
    Bedok 139 units
    Hougang 134 units
    Yishun 134 units
    Ang Mo Kio 133 units
    Sengkang 112 units
    Bukit Batok 101 units
    Choa Chu Kang 96 units

    Singapore Property Trend - Past Transactions

    Past Property Transactions - 3 Rooms Past Property Transactions - 4 Rooms Past Property Transactions - 5 Rooms Past Property Transactions - Executive Past Property Transactions - Apartments Past Property Transactions - Condominiums Past Property Transactions - Detached House
    Past Property Transactions - Terrace House

    DISCLAIMER: The information is provided at JustinngProperties.com’s sole discretion for general information only. It shall not be used for entering into any sale and purchase agreement nor for any other purpose (including commercial purposes). You agree not to hold JustinngProperties.com liable for any damage or loss that you may be exposed to and shall indemnify JustinngProperties.com for any claim or loss which you may suffer as a result of accessing or using this free website and tools.

    Singapore Property Watch - August 2008

    August 17, 2008


    A Singapore Real Estate Digest by Justin Ng
    August 2008 Edition

    Latest Singapore Property Market News

    Removal of property fee guidelines unlikely to have deep impact
    If you’re shopping for a new home or selling one, you can now negotiate with your property agent on the appropriate commission.

    The Institute of Estate Agents (IEA) will remove its guidelines on property agents’ commissions next month, to fall in line with the Competition Act.

    Consumer watchdog CASE has welcomed the move, pointing out that it is not compulsory to have agents facilitate a property transaction.

    Read More…

    IEA to remove guidelines on property agents’ commissions
    If you’re shopping for a new home or selling one, you can now negotiate with your property agent on the appropriate commission.

    The Institute of Estate Agents (IEA) will remove its guidelines on property agents’ commissions next month, to fall in line with the Competition Act.

    Consumer watchdog CASE has welcomed the move, pointing out that it is not compulsory to have agents facilitate a property transaction.

    Read More…

    Public housing hots up while private cools
    Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008.

    According to latest official figures, there has also been little upward movement in the private property rental market.

    Read More…

    What’s New at JustinNgProperties.com?

    Justin welcomes IEA’s move to remove guidelines on property agents’ commissions and he has itemized his services to justify his commissions and for owners who do not wish to engage agents, they only pay for what they need. Click here for more info.

    Justin has developed a Comparative Market Analysis (CMA) Report Generator for you to create your personalised CMA report within 1 to 2 minutes! View CMA sample report for HDB Flats and Private Properties or try it now.

    He has also launched a SMS system to provide you with information on demand 24 hours daily. See below for more information. More commands will be added in due course. This service is free but however, usual SMS charges to your telco apply.

    Info-On-Demand Service - SMS Request to 92717889 *NEW*
    Command Description Usage
    ADDR Find local address. “ADDR [postal_code]” (Eg: ADDR 048545)
    ADV Advertise on JustinNgProperties.com via SMS. Max. 160 characters. “ADV [ad_content]” (Eg: ADV Condo for sale)
    ADVC Advertise cobroke ads on JustinNgProperties.com via SMS. Max. 160 characters. “ADVC [ad_content]” (Eg: ADVC Condo for sale)
    ETHNIC Ethnic Group Eligibility Check for HDB resale flats only. “ETHNIC [postal_code]” (Eg: ETHNIC 440078)
    HDBLT HDB latest transaction. “HDBLT [flat_type] [street_name]” Flat Type: 1R / 2R / 3R / 4R / 5R / EXEC / HUDC / JUMBO (Eg: HDBLT 4R Toh Guan Rd)
    HELP More information on command. “HELP [command]” (Eg: HELP HDBLT) or “HELP” for full command list.
    PC Find postal code. “PC [block/house_number] [street_name]” (Eg: PC 14 Robinson Road)
    SHOWAD Show advertisement. See also ADV or ADVC command. “SHOWAD [mls #]” (Eg: SHOWAD 123)
    UNSUB Unsubscribe to stop receiving SMS advertisements from 3rd party advertisers. “UNSUB” (Eg: UNSUB)

    July’s Property Transactions

    Flat Type Units Sold
    4 Room 910 units
    5 Room 680 units
    3 Room 652 units
    Condominium 587 units
    Apartment 229 units
    Executive 214 units
    Terrace House 80 units
    Executive Condominium 47 units
    Semi-Detached House 31 units
    Detached House 22 units
    2 Room 14 units
    HUDC 7 units
    Multi-generation 1 units
    HDB Town/Estate Units Sold
    Jurong West 221 units
    Woodlands 201 units
    Tampines 164 units
    Yishun 151 units
    Sengkang 131 units
    Bukit Batok 127 units
    Bedok 127 units
    Ang Mo Kio 121 units
    Hougang 119 units
    Choa Chu Kang 117 units

    Singapore Property Trend - Past Transactions

    Past Property Transactions - 3 Rooms Past Property Transactions - 4 Rooms Past Property Transactions - 5 Rooms Past Property Transactions - Executive Past Property Transactions - Apartments Past Property Transactions - Condominiums Past Property Transactions - Detached HousePast Property Transactions - Terrace House

    DISCLAIMER: The information is provided at JustinngProperties.com’s sole discretion for general information only. It shall not be used for entering into any sale and purchase agreement nor for any other purpose (including commercial purposes). You agree not to hold JustinngProperties.com liable for any damage or loss that you may be exposed to and shall indemnify JustinngProperties.com for any claim or loss which you may suffer as a result of accessing or using this free website and tools.
    Copyright (c) 2008 JustinNgProperties.com. All Rights Reserved.

    Singapore Property Watch - July 2008

    July 20, 2008

    A Singapore Real Estate Digest by Justin Ng Properties

    ———————————-

    SINGAPORE: Office rents in Singapore are starting to show signs of peaking, said property analysts.

    They noted that prime rental costs have generally increased at a far slower pace in the first half of this year, compared to 2007.

    Looking ahead, they expect office rents to soften even more towards the end of 2009 and early 2010 as demand for prime space eases……………..

    Read More…

    Singapore home sales in June up 80% from May

    SINGAPORE: June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the Urban Redevelopment Authority (URA) on Tuesday.

    Altogether, 801 private homes were sold, a jump of 80 per cent from May.

    But there were also more units launched. The number of units launched in June leapt 125 per cent from May to 1,069 units, meaning that there were more unsold properties in the market……..

    Read More…

    June’s Property Transactions

    Flat Type Units Sold
    4 Room 854 units
    3 Room 628 units
    5 Room 584 units
    Condominium 428 units
    Apartment 307 units
    Executive 192 units
    Terrace House 80 units
    Semi-Detached House 40 units
    Executive Condominium 39 units
    2 Room 25 units
    Detached House 12 units
    HUDC 9 units
    1 Room 5 units
    Multi-generation 2 units

    Property Trend (Based on Past 6 months Transactions)

    3 Rooms

    4 Rooms

    5 Rooms

    Apartments

    Condos

    Latest Featured Properties

    HDB 5 Rooms @ Toh Guan Road HDB 5 Rooms @ Marine Drive
    D11 - Novena Ville for Sale D19 - Chuan Park for Sale
    D12 - The Elysia for Sale/Rent D09 - Mackenzie 88 For Sale


    Property Search: More than 100,000 property listings for sale and rent

    Virtual Tours: 24/7 salesperson for you

    About Justin Ng: Find out more here

    Do-It-Yourself: How to sell your own house without engaging property agents?

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    DISCLAIMER: The information is provided at JustinngProperties.com’s sole discretion for general information only. It shall not be used for entering into any sale and purchase agreement nor for any other purpose (including commercial purposes). You agree not to hold JustinngProperties.com liable for any damage or loss that you may be exposed to and shall indemnify JustinngProperties.com for any claim or loss which you may suffer as a result of accessing or using this free website and tools.

    Daily SIBOR/SOR Update

     SIBORSOR
    1 mth0.313330.24418
    3 mths0.381670.35084
    6 mths0.438330.57386
    9 mths0.501670.7532
    12 mths0.571670.89804
    Updated as at 03 October 2012

    Competitive Edge

    Justin's competitive edge lies in his ability to connect and market your property listing directly to thousands of active property market watchers.

    He is a veteran in internet marketing and also a search engine optimization (SEO) specialist.