Singapore Primary Home Sales Fell 20% M-o-M in June

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Singapore private residential primary home sales registered 3 consecutive months of decline in June. Developers sold a total of 820 units of new homes in June, a decline of 20% m-o-m. This is the first time where the monthly sales fell below 1,000 units, after 3 consecutive months of sales surged above 1,000 units. The decline of primary home sales in the recent months was mainly due to the lack of new launches in the market. In June, developers only released additional 159 units, 53% less than the previous month.

Click here to read more: 201707 – Singapore residential market update – FundPlaces

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Singapore Primary Home Sales Fell 34% M-O-M in May

Image FundPlaces Research

Singapore private residential primary home sales fell in May. Developers sold a total of 1,024 units of new homes in May, a decline of 34% m-o-m and 3% y-o-y. The decline was due to the lack of new launches in the market. Developers only released additional 339 units in May, which is 79% less than a month ago and 75% less than a year ago.

Download the full report for more detailed analysis: 201706 – Singapore residential market update – FundPlaces

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Yangon, a missed investment opportunity?

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WE were fortunate to be among the first real estate consultants to do business in Myanmar. Since 2012, we have seen a rapid transformation of the urban landscape in Yangon. During a recent trip to conclude a consultancy work for a Japanese client, we are glad to see some of our earlier consulting work completed or near completion and also played a part in bringing the positive changes to the city.

Download to read more: 201706 – Yangon, a missed investment opportunity – Herald June 2017 Issue

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Singapore: GuocoLand To Launch Luxury Condo In Robertson Quay

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(Source: The Straits Times, 7th July 2017)  On July 22, GuocoLand is set to launch the first large-scale project in the Robertson Quay neighbourhood in 8 years – its new luxury Martin Modern condominium project. The units will be released to buyers in phases, and while detailed pricing has not been fixed yet, units will start selling from $1.8 million for the smallest 2-bedders apartments, at about $2,300 per square foot (psf).

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Singapore: URA Launches Sale Of Old Beach Road Police Station Site

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(Source: The Straits Times, 6th July 2017)  The Urban Redevelopment Authority (URA) has launched the sale of a two-hectare commercial site located at Beach Road. This sale was reportedly triggered after an application from a developer was submitted to the URA. The developer committed to bid at a price of not less than $1.138 billion for this site.

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Singapore: Good Class Bungalow Market Tepid

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(Source: The Straits Times, 6th July 2017)  The Good Class Bungalow (GCB) market remains lukewarm as a whole even amidst gradually increasing sales of smaller units. To provide further insight, the total number of bungalows in GCB areas with a minimum plot size of 1,400 sqm sold in the first half of 2017 was 1 down from the 11 sold in the same period last year, standing at 10 units. It could be considered that this slowdown in GCB transactions could possibly be a result of the lack of available good stocks of GCBs for sale.

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