Singapore Property Market News

Bukit Panjang recently recorded its first million-dollar HDB resale flat transaction. Meanwhile, Minister of National Development Mr Desmond Lee weighs in on the HDB flat reclassifications, announced during the National Day Rally 2023 speech.

Continue Reading • 25 Sep 2023

Altura, an EC saw 95 units snapped up during its second-timer balloting event, bringing its overall take-up rate to 88%. Meanwhile, new private home sales, excluding ECs, fell 72.1% to 394 units month-on-month (MoM) in August 2023.

Continue Reading • 18 Sep 2023

Some property analysts say that HDB upgraders are decreasingly buying condos. Meanwhile. a record monthly number of million-dollar HDB flat transactions was observed in August 2023.

Continue Reading • 11 Sep 2023

The Land Betterment Charge (LBC) rates are now cut for non-landed residential use and increased for commercial and hotel use. Meanwhile, retail rents at Orchard Road are forecasted to increase by up to 6% year-on-year (YoY) in 2023.

Continue Reading • 4 Sep 2023

The HDB Plus flat model will come with income ceiling and rental restrictions. Meanwhile, SLA and URA have launched a tender to transform the former Bukit Timah Fire Station into a community hub.

Continue Reading • 28 Aug 2023

HDB has introduced a new BTO classification, replacing the mature and non-mature estate labels. Meanwhile, singles 35 and above will be allowed to apply for new 2-room Flexi BTO flats across Singapore from H2 2024.

Continue Reading • 21 Aug 2023

Three Q3 2023 major new condos – TMW Maxwell, The Arden, and Orchard Sophia – launched over the weekend. Meanwhile, ahead of Prime Minister Lee Hsien Loong's National Day Rally 2023 speech, property experts predict the announcements he could make.

Continue Reading • 14 Aug 2023

Altura, an executive condominium (EC), and The LakeGarden Residences, sold 61% and 23% of their units over the weekend, respectively.

Continue Reading • 7 Aug 2023

TMW Maxwell, Orchard Sophia, and The Arden previewed over the weekend. Meanwhile, HDB has pushed back the August BTO 2023 launch to end-September 2023.

Continue Reading • 31 Jul 2023

The LakeGarden Residences opened for preview with prices starting at just below $2,000 PSF. Meanwhile, Altura Executive Condominium (EC) opened for preview on 22 July 2023, with sales bookings set to start on 5 August 2023.

Continue Reading • 24 Jul 2023

Grand Dunman sold 550 of its 1,008 units during its launch over the weekend at an average price of $2,500 PSF. Meanwhile, Pinetree Hill moved nearly 150 of its 400 units during its launch at an average price of $2,460 PSF.

Continue Reading • 17 Jul 2023

Lentor Hills Residences sold 298 units or about 50% of its 598 units at an average price of $2,080 PSF over its launch weekend. Meanwhile, The Myst sold 27% of its 408 units at an average price of $2,057 PSF during its launch over the weekend.

Continue Reading • 10 Jul 2023

Pinetree Hill launched for preview on 29 June 2023, with prices starting from $2,236 PSF. Meanwhile, the Marina Gardens Lane GLS site closed with a winning bid of $1.034 billion, which totals $1401.51 PSF ppr.

Continue Reading • 3 Jul 2023

The Myst and Lentor Hills Residences opened for preview on 24 June 2023. The Myst saw unit prices ranging between $998,000 and $3.18 million, while Lentor Hills Residences saw unit prices ranging from $940,000 and $2.642 million.

Continue Reading • 26 Jun 2023

1,038 private homes were sold in May 2023, marking its fifth consecutive month-on-month (MoM) increase. Meanwhile, HDB eyes doubling the supply of HDB flats under the Parenthood Provisional Housing Scheme (PPHS) to 4,000 in the next two years.

Continue Reading • 19 Jun 2023

May 2023 BTO launch saw robust demand for Serangoon North Vista and Bedok South Blossoms. Meanwhile, freehold residential condo Grange 1866 will open for preview on 17 June 2023, with prices for homes starting from $1.577 million.

Continue Reading • 12 Jun 2023

May 2023 BTO and SBF launches have been extended till 8 June 2023 after applicants expressed issues with the HDB Flat Portal. Meanwhile, even with high ownership rates and a robust economy, Singapore is still plagued by affordable housing concerns.

Continue Reading • 5 Jun 2023

The Reserve Residences sold 71% of its total units at an average price of $2,460 PSF over the weekend. Meanwhile, why are buyers continuing to snatch up private properties after the April 2023 property cooling measures?

Continue Reading • 29 May 2023

Several condos have offered discounts to attract buyers in April and May 2023. Meanwhile, some HDB flat owners have attempted to bypass the MOP by acquiring or investing in properties under their childrens' names.

Continue Reading • 22 May 2023

The Reserve Residences in Bukit Timah previewed with prices starting from $2,300 PSF. Meanwhile, Rivière at Jiak Kim Street is fully sold out.

Continue Reading • 15 May 2023