CB Richard Ellis (CBRE) has tipped the number of new private homes which could be sold this year at 14,500 – which is 98 per cent of the record 14,811 snapped up in 2007.
But the value of transactions this year is likely to fall far below that of 2007. Just $13.4 billion worth of apartments [...]
Interest in waterfront homes at Sentosa Cove seems to have returned in recent months, as the opening of Resorts World at Sentosa looms. Since the beginning of November, a total of six properties — three luxury condominiums and three landed homes — have changed hands in the resale market at $1,406 to $2,423 psf.
In the [...]
Analysts expect 2010 to be better, with investment sales of $15-$20b
After a slow start in the first quarter, investment sales of Singapore real estate gathered pace, with a year-to-date tally of about $9.4 billion, although CB Richard Ellis estimates the full-year figure will come in just above $10 billion when all the caveats for transactions [...]
More over-$10m home sales in Jan-Oct than in previous four years
Homes in Sentosa Cove drew strong interest from high-net- worth investors in the first 10 months of this year – more properties costing $10 million and above were transacted during this period than in the preceding four years.
Property consultancy Savills Singapore said that its analysis [...]