Buoyant private non-landed resale transactions in Q2 2012

According to Singapore Real Estate Exchange (SRX), which gathered transaction data from property agencies, more non-landed private resale homes were sold in Q2 2012.

In that quarter, a total of 3,450 resale transactions was achieved compared to 2,108 units sold in Q1 2012 which is a 64% improvement over the preceding quarter.

Similar to the higher prices set for new projects in different areas, the resale price for homes in the city centre recorded a gain  5.4% or averaging about $1,724 psf.

On the rental yield front, overall yields came in at 4.01% in Q2. City centre residential properties provide yields of 3.2%, Suburban homes provide 3.99% yield while city fringe properties gives 4.02 % return.

It appears that smaller size high-end apartments or city fringe and suburban apartments will see an increasing demand from tenants as their rental budgets stagnant.

8 Jul 2012