Private home prices up 0.7% in Q3, first rise in nearly 4 years: URA

SINGAPORE: Signalling the upturn of the property market, private home prices in Singapore went up 0.7 per cent in the third quarter, rising for the first time in nearly four years, according to latest figures from the Urban Redevelopment Authority (URA) on Friday (Oct 27).

The rebound compares with a 0.1 per cent decline between April and June, and is also better than the 0.5 per cent estimate flashed by URA earlier this month.

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Shorter, streamlined process for HDB resale transactions from next year

The new HDB Resale Portal to be launched next year aims to shorten the resale transaction process by up to eight weeks, down from the current 16 weeks.

SINGAPORE: The Housing and Development Board (HDB) will launch a new resale portal to reduce the transaction time for buying and selling HDB flats, it announced on Thursday (Oct 19).

The HDB Resale Portal will be launched in January next year to process new resale applications. It aims to cut the time taken to complete a resale transaction by up to half the 16 weeks currently required.

Minister for National Development Lawrence Wong had earlier announced in this year’s Committee of Supply debate that his ministry will leverage technology to streamline the transaction process for resale flats.

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Private home sales continue upward climb in July

SINGAPORE: A total of 1,108 private home units – excluding executive condominiums (ECs) – were sold last month on the back of more project launches, according to the latest figures from the Urban Redevelopment Authority (URA) on Tuesday (Aug 15).

The figure is a 35.1 per cent increase from the 820 units sold in June, which saw stronger-than-expected sales despite it being the school holiday period. Including ECs, property developers sold 2,086 units in July, almost double of June’s 1,064 units.

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Some real estate agents unhappy about PropertyGuru’s impending price hike

SINGAPORE — Local property search portal PropertyGuru’s decision to increase prices for property agents to list on its platform has sparked a backlash among some real estate agents.

A notice sent by PropertyGuru to its subscribers on Monday showed that the prices of its four new agent packages will range from S$880 to S$9,880 per year from Friday (Aug 4).
According to figures publicly available on its website, PropertyGuru has three packages that cost between S$630 and S$2,240 per year. A fourth package, which currently costs S$11,200 per year, is available on its official platform for agents, it said.

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5,200 homes launched in August BTO exercise, first re-offer of balance flats

SINGAPORE: A total of 5,291 flats were put up for sale by the Housing and Development Board (HDB) on Tuesday (Aug 1), and it also marks the launch of the first Re-Offer of Balance Flats (ROF) exercise.

Under the Build-To-Order (BTO) exercise, 3,897 flats were put up for sale, and these range from two-room Flexi to five-room flats. They are spread across three projects in the non-mature towns of Bukit Batok and Sengkang, the housing board said in its press release.

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HDB resale transactions jump 32.5% in Q2, despite prices remaining flat

SINGAPORE — The resale market for Housing and Development Board (HDB) flats saw a jump in the number of transactions last quarter, despite prices remaining mostly unchanged, according to figures released by HDB on Friday (Jul 28).

Resale transactions rose 32.5 per cent in the April to June period, rising from 4,530 to 6,001 transactions. Prices fell by just 0.1 per cent, with the Resale Price Index inching down from 133.9 to 133.7 in the second quarter.

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