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Source:
www.ura.gov.sg |
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Release of 1st Quarter 2007
Real Estate Statistics |
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The Urban Redevelopment Authority (URA)
released today the real estate statistics for the 1st Quarter 2007. |
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PRIVATE RESIDENTIAL PROPERTIES |
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Prices and Rentals |
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Overall prices of private residential
properties rose 4.8% in the 1st Quarter 2007, compared with the 3.8%
increase in the previous quarter (see
Annexes A-1 and B-1 & B-2). |
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Prices of non-landed properties rose 5.3% in
the 1st Quarter 2007, compared with the 4.3% increase in the previous
quarter. Prices of apartments rose 5.1% while those of condominiums rose
5.4%. |
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Prices of non-landed properties in CCR rose
5.5% in the 1st Quarter 2007. Prices of non-landed properties in RCR and
OCR rose 3.7% and 2.0% respectively (see
Annex A-2). |
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Within CCR, prices of uncompleted non-landed
properties rose 7.3% in the 1st Quarter 2007, compared to 3.1% for
completed properties (see
Annex A-2). |
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Prices of landed properties rose 2.9% in the
1st Quarter 2007, compared with the 2.4% increase in the previous
quarter. Prices of detached, semi-detached and terrace houses rose 4.0%,
1.8% and 2.1% respectively. |
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Rentals of private residential properties
rose 7.6% in the 1st Quarter 2007, compared with the 5.3% increase in
the previous quarter (see
Annex A-3). |
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Supply in the Pipeline |
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As at the end of 1st Quarter 2007, there
were 32,746 uncompleted private residential units that have not been
sold in projects with planning approvals#1,
about 0.6% higher than the 32,543 units as at the end of the previous
quarter. |
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Of these, 10,736 units were in projects
which have the pre-requisite conditions for sale (i.e. sale license and
building plan approval), comprising 2,168 units that had been launched
for sale by developers and 8,568 units that can be launched for sale any
time. |
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The remaining 22,010 uncompleted units with
planning approvals did not yet have the pre-requisite conditions for
sale. However, these units could be made available for sale quite soon,
if the developers choose to do so#2. |
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There were also 567 completed but unsold
units as at the end of 1st Quarter 2007. Details of the supply in the
pipeline in the 3 locations are given in
Annex C-2. |
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Launches and Take-up |
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A total of 4,259 uncompleted private
residential units were launched for sale by developers in the 1st
Quarter 2007, compared with the 3,696 units launched in the 4th Quarter
2006. |
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Of the 4,259 uncompleted units
launched in the quarter, 2,259 units were in CCR, 923 units were
in RCR, and 1,077 units were in OCR (see
Annex D-1). Major residential projects launched in the
quarter included One-North Residences (405 units), One Shenton
(341 units) and Sky@eleven (273 units). |
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During the 1st Quarter 2007, 4,565
uncompleted private residential units were sold by developers,
compared with the 4,162 units sold in the 4th Quarter 2006. |
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Of the 4,565 uncompleted units sold in
the quarter, 2,055 units were in CCR, 1,294 units were in RCR, and
1,216 units were in OCR (see
Annex D-2). Developers also sold 218 completed private
residential units in the 1st Quarter 2007. |
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More..... |
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Source:
www.ura.gov.sg News Release 27
Apr 2007 |
1st Quarter 2007 Real Estate
Statistics
