Executive condominium prices to increase this year, in 2022
This comes as the COVID-19 pandemic caused bottlenecks in the construction supply chain, which led to higher costs.
Continue Reading • 11 Jan 2021
Chip Eng Seng warns of a net loss for FY2020 due to COVID-19
Closure of construction sites for several months in FY2020 have expectedly impacted the on-going developments' construction milestones, and in turn affected revenue recognition as well as progressive payments from property buyers.
Continue Reading • 11 Jan 2021
Gerald Crescent redevelopment site up for sale for $25mil
Working out to around $785 per sq ft (psf), the 31,882 sq ft site located within the Seletar Hills landed housing estate currently houses a vacant bungalow. The tender for 2F Gerald Crescent closes on 9 February.
Continue Reading • 8 Jan 2021
Parc Central Residences EC opens for e-application
Located at Tampines Avenue 10, prices start from $956,000 for the three-bedders, $1,258,000 for the four-bedders and $1,609,000 for the five-bedders.
Continue Reading • 7 Jan 2021
Holland Rise GCB site for sale for $68mil
The freehold vacant plots occupy a combined land area of 52,992 sq ft. Buyers have the option to acquire a single plot or multiple plots.
Continue Reading • 7 Jan 2021
Haidilao chairman’s son granted Option to Purchase for Gallop Road bungalow
Reserved for purchase only by Singapore citizens, bungalows within the 39 gazetted Good Class Bungalow (GCB) Areas are Singapore’s most prestigious form of landed housing.
Continue Reading • 6 Jan 2021
Clementi Forest to retain residential zoning
The site came under the spotlight after a drone footage of its green space went viral in October and a petition was started seeking for the area’s conservation as a nature park.
Continue Reading • 6 Jan 2021
Vacancy rate for rent in private residential market to rise up to 9% this year
Residential landlords are advised not to rely on the expansion of Chinese tech firms in Singapore to fill the growing number of empty homes, as experts believe that it is still too early to predict how many foreigners they will bring here.
Continue Reading • 5 Jan 2021
Singapore’s economy contracted 3.8% in Q4, 5.8% in 2020
On a seasonally-adjusted basis, the economy grew 2.1%, after expanding 9.5% in Q3 2020.
Continue Reading • 5 Jan 2021
Private residential prices up 2.1% in Q4, 2.2% in 2020
Looking ahead to 2021, overall private home prices is expected to rise by 1% to 4%, while new home prices may increase at a faster pace of between 2% and 5%, says Christine Sun, Head of Research and Consultancy at OrangeTee and Tie.
Continue Reading • 5 Jan 2021
KL-Singapore HSR termination: a chance for govt to re-examine Jurong plans
Experts see this as an opportunity for Singapore to review its plans for Jurong as a second CBD amid the changing work culture in a post-COVID-19, climate-changing world.
Continue Reading • 4 Jan 2021
940,000 HDB households to receive U-Save rebates this month
Of these, around 155,000 larger families will enjoy 2.5 times their regular U-Save rebates in the financial year 2020.
Continue Reading • 4 Jan 2021
HDB resale prices up 2.9% in Q4, 4.8% for entire 2020
HDB added that it will release the RPI for the entire quarter, along with the more detailed public housing data, on 22 January.
Continue Reading • 4 Jan 2021
Housing market demand to remain resilient next year
The property market ‘roared back to life’ following the end of the circuit breaker period in June, and the buying sentiment is expected to improve further on the back of growing vaccine optimism, says OrangeTee.
Continue Reading • 23 Dec 2020
OCBC first bank to extend SORA-linked home loans
OCBC emerged as the first bank to offer home loans that are based on SORA as SIBOR and SOR are set to be discontinued in a few years.
Continue Reading • 23 Dec 2020
HDB to launch 17,000 BTO flats next year
Expected to be similar to what was launched this year, there will be a good mix of flats available in mature and non-mature estates. The upcoming developments will incorporate features under the new “Designing for Life” Roadmap.
Continue Reading • 22 Dec 2020
Property investment market to rebound next year
2020 sees the lowest investment sales volume since the 2009 financial crisis. CBRE Research assures that Singapore's investment market "has always been resilient", as proven by past cycles in its ability to recover strong from "crisis situations".
Continue Reading • 22 Dec 2020
Analysts see possible en bloc market revival in 2021
There were only two collective sales deals registered this year: Yuen Sing Mansion in Geylang which was transacted in August, and adjoining sites Fairhaven and Sophia Ville were sold early this month.
Continue Reading • 21 Dec 2020
Rising material and freight cost amongst growing woes for construction firms
The construction sectors’ problems have also affected home owners as their home renovation bills climb by about 10% to 15%. Homeowners are expected to be prepared for longer renovation periods, given the lack of building materials and workers.
Continue Reading • 18 Dec 2020
Keppel clinches multiple awards from BCA this year
One of the notable award received by Keppel Land this year for its Singapore projects include the BCA Universal Design Mark Gold (Design) Award for The Garden Residences.
Continue Reading • 17 Dec 2020