Private home prices up in Q4 2020, while new homes sales fell

For the whole of 2020, private home prices rose 2.2%, down from the 2.7% increase registered in 2019.

Continue ReadingJan 22, 2021

Semi-detached house attracted 33 bids, sold for $3.89mil

33 bids for a property is 'abnormal', says Joy Tan, Head of Auction and Sale at Edmund Tie. The highest number of bids recorded at last year’s property auctions was over 20.

Continue ReadingJan 22, 2021

HDB resale prices up 3.1% in Q4 2020, 5% in 2020

For the whole of 2020, prices grew 5%, the steepest increase since Q4 2012 and higher than the 0.1% gain registered in 2019.

Continue ReadingJan 22, 2021

Stakeholders suggest selling larger plots, creating landmark developments at Jurong Lake District

Experts believe that suggestions such as selling bigger sites with attractive option schemes will provide developers the flexibility to explore new development concepts that are hard to realise in the city centre.

Continue ReadingJan 21, 2021

Singapore ranked second preferred city for cross-border investments

Aside from being an important hub for foreign corporations eyeing to access Southeast Asia, Singapore is also emerging as a viable alternative to Hong Kong SAR among firms establishing Asia Pacific headquarters.

Continue ReadingJan 21, 2021

HDB issues $800mil fixed rate notes

In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.

Continue ReadingJan 20, 2021

Ministerial comments, rising prices spark talk of additional property cooling measures

Minister Desmond Lee's urge for Singaporeans to exercise prudence when acquiring property and the recent rise in private home prices have experts believing them as signals for another round of cooling measures.

Continue ReadingJan 20, 2021

More homeowners installing CCTVs outside HDB flats

According to the current regulations, residents in HDB flats are not allowed to install CCTV cameras outside their units, unless approved by the respective Town Councils.

Continue ReadingJan 19, 2021

Public sector projects to drive construction sector’s recovery

The Cross Island MRT Line, relocation of Singapore Science Centre and the Toa Payoh Integrated Development are amongst the upcoming major public sector projects that will contribute to construction demand in 2021.

Continue ReadingJan 19, 2021

Mount Emily residential buildings on sale for $18mil

Located 200 m away from Little India MRT interchange, the freehold properties are near Mount Emily Park, Orchard Road and the central business district.

Continue ReadingJan 19, 2021

More macaques sighted near new housing project in Punggol

Residents attribute this to the increase in development within the area and to food left by humans. A person caught feeding monkeys faces fines of up to $5,000 for a first offence under the Wildlife Act, with the amount doubled for repeat offenders.

Continue ReadingJan 18, 2021

Normanton Park sells 600 residential units at $1,750 psf on first day of sales

The mixed-use development saw around 80% of the units sold in one- and two-bedroom units during its first day of sales. Buyers also snapped three commercial units.

Continue ReadingJan 18, 2021

Developer sales up in December, highest since 2012

Analysts expect the sales momentum in December to spill over to January 2021. However it is anticipated that while demand for new homes may remain high, the supply of new launches may decline this year.

Continue ReadingJan 15, 2021

Growing demand for Sentosa Cove bungalows

Singapore continues to draw foreign buyers despite travel restrictions, partly due to its success in handling the pandemic. Sentosa Cove is the only place where a foreigner may seek approval to acquire a landed residential property for their own use.

Continue ReadingJan 15, 2021

Singapore residential investment volume doubles in Q4 2020

Singapore's full-year property investment tally stood at $23.7 billion in 2020, revealed a Cushman & Wakefield report.

Continue ReadingJan 15, 2021

The Reef at King’s Dock to open for preview this Saturday

This new luxury waterfront project by Mapletree Investments and Keppel Land is situated within the Greater Southern Waterfront. Bookings will start from 30 January.

Continue ReadingJan 15, 2021

HDB launches one-stop portal for home buyers, sellers

Among the portal’s features include a customised financial calculators that will help buyers estimate their housing budget as well as help sellers estimate their sales proceeds.

Continue ReadingJan 14, 2021

Singapore ranked 123rd, out of 150 countries for residential price growth

Residential property prices in Singapore climbed by just 0.7% year-on-year in the third quarter of 2020. The Philippines topped the ranking, with its capital, Manila, posting a 34.9% year-on-year increase in residential property prices.

Continue ReadingJan 14, 2021

Singapore new home sales up almost 60% in December

The December sales were mainly driven by two key launches – namely, Clavon and Ki Residences. On an annual basis, new home sales soared 126.2% from the 538 units shifted in December 2019.

Continue ReadingJan 13, 2021

JLL appoints new country heads for Singapore, Thailand

The new appointments are motivated by the company's believe in South-east Asia "as a fast-growing region with a robust real estate sector".

Continue ReadingJan 12, 2021