Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.
The number of Singapore condominium units resold last year totalled just 9,017, sliding 27.4 per cent from 2018, according to real estate portal SRX Property's latest report on the non-landed private residential resale market.
As for December 2019, an estimated 650 units were resold during the month, dropping 15.4 per cent from the previous month but increasing 21.5 per cent year on year (y-o-y), according to SRX's report.
Last December's volume is also 15.3 per cent higher than the five-year average volume for the month.
Commenting on the full-year resale volume, Christine Sun, head of research and consultancy at OrangeTee, said that the stronger sales in 2018 was mainly driven by the higher number of transactions in the first half of 2018, before the cooling measures were implemented in July 2018. "After the cooling measures were implemented, demand for resale homes remained subdued in the second half of 2018," Ms Sun added.
Real estate related news stories from Singapore
- Citizens from new markets among buyers of top condos here
- Freehold 12-unit Casa Sophia sold en bloc for S$29m
- Van Holland sells 10 units at average S$2,975 psf at launch
- Tee International to sell Tee Land stake to Amcorp for S$50.62m
- SLB back in the black with Q2 gain
- SPH revenue falls 3.8 per cent in Q1, but property still a bright spot
- SPH profits fell 17.2% to $46.33m in Q1
- TEE International sells 63.28% stake in TEE Land to Amcorp Supreme for $50.62m.
Interesting Stories related Singapore
- Time for Singapore to crack down on single-use plastic bags
- Singapore's container throughput rose 1.6% to 37.2 million TEUs in 2019
- New website to compare fuel prices and promotions launched
- Looking for a co-working space?
- Dining tables – where did you buy yours?
- 5 places for top-to-toe pampering
- Do you need a car in Singapore?
Celebrity houses
- Celebrity homes that will turn you absolutely green with envy
- The 31 Best Celebrity Homes of All Time
- Celebrity Homes
- Celebrity Houses: 25 UNBELIEVABLE Pop Star Homes You Wish You Lived In
- Celebrity homes: 10 of the most luxurious houses of the rich and famous
Material trends - Wood
- 27 Simple and Elegant Interiors With Wood
- 4 Homes With Design Focused on Beautiful Wood Elements
- 10 Types of Wood For Your Interiors
- 8 ways to use wood in your interior
- 15 Simply Amazing Wood Interiors
Previous news selection
Property investment sales down 10.6% YoY to $30b in 2019
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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