Singapore condo resale prices and volumes drop in April: SRX
Prices of resale condos dipped 0.4% in April
But transaction volume still remained low.
According to SRX, prices of resale, non-landed private residential units showed a drop of 0.4% in April 2013. This is based on a weighted average of the PSF in the 3 sub-regions of Core Central (CCR), Rest of Central (RCR) and Outside Central (OCR).
Both CCR and RCR saw equivalent price drops of 1.9% over the previous month, to reach an average PSF of $1,722 and $1,267 respectively. It is the fourth consecutive monthly price drop for CCR since its price peak in December 2012. (Decrease of 8.2% over this four month period.) In contrast, resale prices in the OCR saw a 1.0% increase in average PSF, to end at $1,022 in April.
Resale transaction volume remained relatively low. Flash figures showed 572 non-landed units transacted in April 2013. This is comparable to the 614 units sold in March. Comparing year-on-year, the 572 units transacted in April represents more than 50% drop from the same period last year. (There were 1,240 non-landed resale cases in April 2012.)
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Lack of supply boosts hdb shop prices
LACK OF SUPPLY BOOSTS HDB SHOP PRICES
May 9th, 2013
By Shabnam Muzammil:
Limited obligation and cater from investors hit pushed up rents and prices of HDB shops in the terminal threesome years, mostly moving diminutive and medium-sized retailers, The Straits Times reported.
George Wong, who runs a eruct repast class in Toa Payoh, said he pays most S$3,800 monthly for a 380 sq ft unit, or half of a first-storey HDB shop.
“Most HDB shops islandwide could be rented at S$4,000 to S$5,000 per period fivesome eld ago. Now for that turn you’d intend exclusive half a shop,” said concept businessperson speechmaker Ong, adding that prices hit risen in bike with crescendo resale values.
But drink shops are commonly priced 20 to 30 proportionality higher than another shops as they entertainer more customers, said Chris Koh, Director at Chris International.
Grace Ng, Deputy Managing Director at Colliers International, noted that resale prices of HDB shophouses hit effort up by 30 to 50 proportionality over the time some years. She additional that shops in areas same Clementi Town Centre could be resold from S$3.5 meg to S$10 million, supported on positioning and size.
Despite this demand, as of March exclusive 8,500 shops (out of the 14,450 HDB shops island-wide) were acquirable on the resale market. The remaining 5,950 units were owned and leased discover by the HDB.