Residential Property
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.
FCT’s net property income rises 5.7% YoY to $137.96m in 1H23
Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.
HDB rents rise 0.7% MoM in March
By room type, 3 Room recorded the highest rent increase.
Condo rents drop 0.3% MoM in March
Rents across sub-markets dropped in March, except for CCR.
Condo resale prices up 1.4% in March amidst widening price gap with new homes
Analysts said more buyers are turning to secondary market.
Chart of the Day: Auction listings down 3% QoQ in Q1
The seasonal lull from the New Year led to the decline.
Four single-storey HDB shophouses in Tampines on sale for $12m
The property is up for sale until 17 May.
Chart of the Day: Commercial sector dominates investment sales transactions in Q1 2023
The sector saw a total investment sales of $3.38b
Property investment volume falls 63.3% YoY to $4b
It is the lowest quarterly investment volume registered since Q4 2020.
SG Prime residential properties grow 2% to 61,939 in Q1
JLL expected the completed supply would peak within the year.
New home sales rise 13.6% MoM in March
However, it is 24.8% less than 654 units year-over-year.
New home sales at an upward trend in March: property experts
Developers sold 1,318 units in the first quarter of 2023.
Chart of the Day: OCR is the most active region in March developers' sales
Projects in the CCR dominated the top 10 bestselling projects.
Far East Orchard eyes stabilisation of hospitality business by 2024/25
To achieve such, it will grow its portfolio to 25,000 beds within two years.
HDB shophouse with a living quarter in Hougang Ave 1 up for sale
It is being sold for $5.40m.
GuocoLand-led JV clinches $486.8m Lentor Gardens site
The site spans 235,371 sq ft.
Real estate investment volume surges 73% QoQ to $6.07b
The residential sector saw the highest investment growth.
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