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Market Updates
Huttons' comments on Mar 2020 developer sales
Mr Lee Sze Teck, director of research at Huttons, said that in the past six months, including March, sales volume has consistently exceeded launch volume.
“If we compare the first quarter of 2019 to the corresponding period in 2020, 2020 is a very good year for the market, with sales estimated to be around 20 per cent higher than the same period in 2019.”
Source: URA, Huttons Research
POST-CIRCUIT BREAKER
There is also some cause for hope in the first week of sales in April, before the circuit breaker measures kicked in, noted Hutton’s Mr Lee. An estimated 150 caveats for private residential properties were lodged in the first five days of April.
He added, “If this is extrapolated for the whole month, we might see 900 transactions in April, which is much higher than March.”
See the March Sales Numbers here
Others
Units leased in the private rental market hit 5,244 last month, up 10.9 per cent
HDB leasings surged 15.4 per cent from February too
Commercial and industrial spaces continued to draw interest from business owners and investors with Holland Village shophouse and People's Park Centre units among the recent deals transacted
CDL is acquiring a 51.01 per cent stake in Chinese real estate developer Sincere Property Group for RMB4.39 billion, which will enable it to expand its footprint in China
China's home prices rose 0.1% in March after stalling in February
Local Projects Highlights
Mixed developments have been increasing in popularity over the years because of great convenience with dining and retail options. What are some mixed developments out in the market today?
Parc Canberra
Down Under. Up North. This exclusive Aussie Inspired home is located within 300m of Canberra MRT Station. The vicinity is primed for many more developments to meet your retail, dining and recreational needs. A life of laidback luxury awaits you at Parc Canberra EC.
Boulevard 88
Nestled in prime District 10 along Orchard Boulevard, Boulevard 88 is an exclusive freehold address beyond compare which is designed by world-renowned architect, Moshe Safdie. The unique hotel/residential development offers a lifestyle of ease that is mere minutes from the Orchard MRT and the upcoming Thomson-East Coast Line (Orchard Boulevard Station).
Parc Esta
Parc Esta enjoys superb city-fringe location with Eunos MRT station at its doorstep and is just 1 stop away from the sub Regional Centre Paya Lebar Quarter. Be spoiled for choice for learning institutes and food choices in the East with comprehensive facilities spread over a 200-metre-long garden and waterscape within the development. Enjoy a virtual tour of the 1BR + Study
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While Huttons has endeavoured to ensure that the information and materials contained herein are accurate and up to date, Huttons is not responsible for any errors or omissions, or for the results obtained from their use or the reliance placed on them. All information is provided "as is", with no guarantee of completeness, and accuracy. In no event will Huttons and/or salespersons thereof be liable in contract or in tort, to any party for any decision made or action taken in reliance on the information in this presentation/document or for any direct, indirect, consequential, special or similar damages.