Singapore Property Watch - July 2008
July 20, 2008
A Singapore Real Estate Digest by Justin Ng Properties
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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……………..
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……..
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)
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 |
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