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

OCBC offers Singapore’s first solar panel consumer loan

To finance the installation of solar panels and accelerate the adoption of clean energy, each homeowner can borrow up to $30,000 with a tenure of one to five years.

Continue ReadingJan 12, 2021

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 ReadingJan 11, 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 ReadingJan 11, 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 ReadingJan 8, 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 ReadingJan 7, 2021