Singapore Property News This Week #148

Residential

Private home sales increase in Feb

Singapore’s new private home sales were reported to increase in February 2014, but are expected to slow down this month due to the cautious mood and limited new launches. As of last month, 724 new private homes were sold including top selling projects outside the central region (OCR), compared with 565 in January and 712 in February 2013. 45 executive condominiums (ECs) were sold last month, the same as January. 671 units were launched last month, compared with 549 units in January. Alan Cheong, Savills Singapore research head, said that the Lakeville Project in Jurong West of MCL Land may bring the total sales in March up to 650 units. Without this, sales in March could be as low as below 350 units.

(Source: Business Times)

Commercial

Premium and Grade A office rents increase in Q1, 2014

Colliers International said that premium and …