Latest Knight Frank News

Recession, what recession?

Given the recent euphoria in the residential makrket , it is no surprise that it has become a hot topic of discussion. Isn't Singapore still in recession, people wonder. Unemployment is still high, with an estimated 116,600 jobless residents as at June this year..more

Analysis of Singapore Residential Statistics – 1Q 2009

As Singapore’s fiscal health continues to slip, official statistics correspondingly reflect a somewhat distressed private residential property sector. However, there are also some silver linings in the figures released today...more

Analysis of URA monthly private residential statistics for the month of March 2009

Based on URA’s monthly statistics, the 832 private residential units launched and 1,220 units sold in March 2009 reflected a marginal decline from the preceding month. Although these figures may point
to a possible stabilization in the primary sale volume of private residential market, such figures may not be repeated consecutively for the rest of 2009...more

Online property search a hit

As least 10,000 new condominium units are expected to be completed this year, putting more pressure on property prices and rentals. Trying to price a property — either to sell or to rent — has proven to be difficult. Where do people turn to for information? Property websites, it seems...more

Analysis of 4Q 2008 Singapore Real Estate Statistics – Office sector

Singapore, - The Urban Redevelopment Authority (URA) released the Office real estate statistics for 4Q 2008 today.The statistics have indicated that rents of office space in Singapore fell by a significant 6.5% qoq in 4Q 2008, compared to the first qoq fall over the past four years in 3Q 2008, of 0.8%. However, for the whole of 2008, office rents increased by 5.8%, in stark contrast against that of 2007 where rents climbed 56.1%...more

Analysis of URA monthly private residential statistics for the month of December 2008

The Urban Redevelopment Authority (URA)’s private residential projects’ statistics for the month of December illustrates that the number of new launches totaled 157 housing units, which was the lowest number since such statistics became available in mid-2007. December’s figures indicate a fall of about 59%, compared to November, where 382 units were launched then....more

Analysis of Singapore Residential Statistics – 4Q 2008 (Flash
Estimates)

Singapore, - The flash estimates of the private residential property prices released by the Urban Redevelopment Authority’s (URA) today indicates that the price contraction that started in the third quarter of 2008 has accelerated. Overall prices in the private residential property market dropped 5.7% qoq in 4Q 2008. This was a larger fall compared to the first correction of 2.4% qoq in 3Q 2008....more

Release of information on private housing units sold under the Deferred Payment Scheme (DPS)

Singapore, - The Urban Redevelopment Authority (URA) released today information on private housing units sold under the Deferred Payment Scheme (DPS)....more

Analysis of Singapore Public Housing Market – 3Q 2008

Singapore, - The Housing & Development Board (HDB) released information for public housing statistics today. Unlike the private residential market which is affected by the current economic woes, the public housing market continues to achieve positive growth, in terms of sales activity and price increases....more

Analysis of Singapore Residential Statistics – 3Q 2008

Singapore, - According to the Urban Redevelopment Authority’s (URA) quarterly statistics, overall prices in the private residential property market have declined by 2.4% quarter-on-quarter (qoq) in 3Q 2008, steeper than earlier flash estimate figures that indicated a 1.8% qoq drop. Specifically, both overall landed and non-landed properties witnessed a fall this quarter, by 1.9% qoq and 2.5% qoq respectively...more

VIRTUALHOMES-THE MOST COMPREHENSIVE CONDOMINIUM SEARCH ENGINE IN SINGAPORE

Home seekers will now be able to ‘tour’ and find out everything they need to know about the condominium developments of their choice online. An unparalleled initiative and first of its kind in Singapore, KF Property Network Pte Ltd (KFPN), a subsidiary of Knight Frank, expects the condominium search engine to be a big hit among property investors, sellers, landlords and anyone interested in private residential developments in any district...more