Skip to main content

Resale prices of shoebox flats fall as investors turn cautious

2012 aug 1
http://www.straitstimes.com/breaking-news/singapore/story/resale-prices-shoebox-flats-fall-investors-turn-cautious

By Esther Teo

Resale prices of tiny apartments dipped last month, with the once red-hot segment seeming to fall out of favour.

Prices of resale flats of 506 sq ft or less fell by 1.4 per cent in June compared with the month before, according to preliminary figures in the Singapore Residential Price Index yesterday.

Values in May rose 0.7 per cent over April.

Overall resale prices held steady last month compared with a 1.4 per cent increase from April to May. Prices of centrally located homes eased 0.9 per cent while that of non-central homes increased 0.7 per cent.

Comments

Popular posts from this blog

Condo developers are downsizing units: report - Property Auctions News, Property Investment | PropertyGuru

http://www.propertyguru.com.sg/property-management-news/2014/4/37715/Condo%20developers%20are%20downsizing%20units:%20report?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-29Apr2014&utm_content=links Property developers are building smaller condo units as they compete to keep prices affordable amid tougher market conditions and the government's loan curbs, revealed a Knight Frank study reported in the media. “It appears that there is a reduction in the variety of size ranges since the implementation of the Total Debt Servicing Ratio (TDSR) framework,” said Alice Tan, Research Head at Knight Frank. For instance, five-bedders shrank the most with average sizes of the biggest units dropping from 2,035 sq ft to 1,569 sq ft, while the smallest units in this configuration shrank from 1,605 sq ft to 1,505 sq ft. The next most sizeable reduction was seen in two-bedders. The average size of the largest units decreased from 973 sq ft to 864 sq ft in a o...

TOP in March 2016

Three Balmoral - 40 units at Balmoral Rd Hillsta - 416 units at Phoenix Rd The Topiary - 700 units at Fernvale Lane Vibes @ Upp Serangoon - 60 units at Upp Serangoon Rd Suites @ Newton - 67 units at Surrey Rd Robin Suites - 92 units at Robin Rd Singa Hills - 58 units at Jln Singa 49 Nassim - 4 units at Nassim Rd Haus @ Serangoon Gdn - 97 units at Serangoon Gdn Way