With one more month to the end of 2011, we are still racing ahead with a hatful of good news. According to comScore Media Metrix Mar-Oct 2011, iProperty.com.sg is #1 for real estate in Singapore. The iProperty Group also received the BRW Fast 100 award for being the 4th fastest growing business in Australia. Thank you for always staying on iProperty.com.sg and supporting our endeavours to bring you all things on property.
Now, let’s track back to October and look at what you have been searching for on iProperty.com.sg – which are the Top 10 Districts, the Top 20 Condominiums, and the Top 10 New Property Developments. And of course, some of you have been searching for HDB flats. We hear you, and this month, we have included the Top 10 Most-Searched HDB Estates for your consideration.
Top 10 Most Searched Districts – Oct 2011
In October, District 19 topped the chart moving 1 rank up from Q3 and H1 2011, as District 15 took 2nd place for the first time this year. A quick comparison at the property transactions that had been happening in these 2 districts showed that District 19 have always enjoyed more sales as their average psf is much lower than the more expensive District 15.
According to caveats lodged at URA in Oct 2011, the average psf of condos in District 19 is S$917 as compared to District 15’s S$1,265. An interesting note: Out of 2,014 condo sales in Oct 2011, a good 28.5% (more than a quarter) came from District 19. It sure is a hot district!
We saw some movements in the rankings from 6th to 10th, with District 1 making into the charts for the first time. We are all familiar with District 1 – a place where you will see luxury apartments. The average psf of condominiums in District 1 is the highest in Singapore – a whopping S$2,243 psf in Oct 2011. Compare this to the national average of S$1,068 psf in Oct. Does this indicate an increasing appetite for high-end properties?
Top 20 Most Searched Condominiums – Oct 2011
Icon remained the most searched condominium on iProperty.com.sg. Its median psf also increased from S$1,728 in September to S$1,908 in November. Located in District 2, Icon had a median psf of S$1,728 in September*.
Soaring into No. 2 is Suites @ Cairnhill, which is a popular condo for rent due to its central location and proximity to the Newton MRT station.
There are 7 other new entrants into the Top 20 charts and we’ve listed their latest median psf from caveats lodged at URA* for you to compare before making your property decision.
- Trevista at No. 7: S$1,134 psf (Nov 11)
- The Rochester at No. 10: S$1,420 psf (Oct 11)
- Parc Vera at No. 11: S$840 psf (Developers’ Sale in Oct 11)
- Soleil @ Sinaran at No. 12: S$1,915 psf (Nov 11)
- Alexis at No. 15: S$1,675 psf (Oct 11)
- Kerrisdale at No. 18: S$960 psf (Nov 11)
- Heritage View at No. 20: S$1,088 psf (Nov 11)
Top 10 Most Searched New Developments – Oct 2011
Woodhaven remained at the top of the chart, commanding a staggering 15.89% of searches on new property developments on iProperty.com.sg. Closing in on 2nd and moving up 3 notches is The Cape by Far East SOHO in popular District 15.
For the first time, Thomson Grand made it into the charts and did the new property launch made it high. At 3rd place, the Upper Thomson Road condo has a median price of S$1,384 psf in Nov 2011.
Other notable mentions: Regent Residences, The Tennery and Livia – all new entrants that are fast becoming popular with property buyers and investors.
Top 10 Most Searched HDB Estates – Oct 2011
Sharing these results for the first time, we hear that many of you are interested to know which HDB estates are most popular in Singapore. In our enduring efforts to help you make the best property decisions, here they are with the median resale price of a 4-roomHDB flat.
Are you surprised by Bedok topping the chart despite the Bedok Reservoir drownings? We are not though. Although Bedok saw a very minute decrease in transaction volume (from 125 units in June to 98 units in October), its median resale price for a 4-room HDB resale flat in October was S$440,000, a increase from S$410,000 in June.
Bishan has always been a much sought-after HDB estate, with its central location, good amenities and popular schools. A 4-room HDB resale flat in Bishan is S$527,500 in October 2011. And the prices of that Bishan flats seem to be on an upward climb.
Another highlight is Serangoon, which is seeing phenomenal increase in popularity due to the opening of the full Circle Line and Serangoon NEX. A 4-room HDB resale flat in Serangoon is S$453,000 in October 2011. Similar to the HDB flats in Bishan, we are seeing a steady increase in prices since January 2011.
Now, what are criteria are you interested in when searching for your dream home in Singapore? Other keywords that you have been searching for include: studio, shophouse, MRT, Simei, Holland, and penthouse.
*Source: URA Property Market Information