Analysts divided on whether 6% subsidy clawback for Rochor flats is adequate
When River Peaks I & II flats go onto the resale market for the first time, future residents of the Nov 2021 BTO launch will have to pay a 6% of the resale price or the unit’s valuation, whichever is higher.
Continue Reading • 22 Nov 2021
Yong An Park unit registers $8.7mil gain
The 6,577 sq ft Yong An Park unit, which sold for $12.5 million, is currently the most profitable resale transaction recorded, with an $8.7 million gain.
Continue Reading • 17 Nov 2021
Singapore private home sales increase 9% in October
In October 2021, new private home sales in Singapore (excluding ECs) increased to 909 units, up from 834 units in September.
Continue Reading • 17 Nov 2021
HDB upgraders on a condo buying spree
In the first nine months of 2021, 7,169 buyers with HDB addresses purchased new and resale private homes, a 21% increase from the same period last year.
Continue Reading • 15 Nov 2021
ERA Singapore to donate $231,000 to Hong Kah North Environmental Sustainability Fund
As part of their series of Environmental, Social, and Governance (ESG) efforts, ERA Singapore will donate $231,000 to Hong Kah North Environmental Sustainability Fund.
Continue Reading • 12 Nov 2021
Sixth Avenue Centre up for collective sale for $85mil
Located at 805 Bukit Timah Road, Sixth Avenue Centre sits on a 15,009 sq ft land plot.
Continue Reading • 12 Nov 2021
Homebuying demand to remain buoyant
In Q3 2021, overall transaction volume increased by 7.5% from the previous quarter to 9,083 units; this is a 28.9% year-on-year growth.
Continue Reading • 12 Nov 2021
Cairnhill 16 to open for preview on Saturday
Cairnhill 16 will launch on 27 November 2021, with unit sizes ranging from 775 sq ft to 1,744 sq ft on sale.
Continue Reading • 12 Nov 2021
The Assembly Place raises $5.55mil in seed funding round
Co-living tech start up The Assembly Place currently has over 300 rooms in Singapore, with another 200 rooms in the pipeline.
Continue Reading • 10 Nov 2021
Thomson View up for en bloc sale for $950mil
Thomson View Condominium is a 50,197 sq m site with a reserve price of $950 million.
Continue Reading • 10 Nov 2021
Singapore tax revenue up, amid higher stamp duties, corporate and personal income tax collected
$39.43 billion was collected in tax revenue for April to September 2021, up from $23.72 billion collected in the same period in FY20.
Continue Reading • 8 Nov 2021
CanningHill Piers opens for preview, units priced from $1.16mil
CanningHill Piers is a 696-unit project located between the Singapore River and Fort Canning Hill. The sales gallery opens today (5 November), and bookings begin on 20 November.
Continue Reading • 5 Nov 2021
Winning entries in competition for ideas to revamp Changi Point revealed
Winning proposals to enhance Changi Point include turning Old Changi Hospital into a stargazing spot.
Continue Reading • 5 Nov 2021
Incomes have kept pace with prices of new HDB units, resale flats
HDB subsidies for new and resale flats keep public housing affordable; among resale flat buyers who have taken up an HDB loan, the mortgage servicing ratio has remained stable at 23%.
Continue Reading • 3 Nov 2021
Bishan resale flat smashes record, sold for $1.36mil
The five-room Natura Loft unit sold for $1.36 million, setting a new record for the most expensive HDB flat ever sold.
Continue Reading • 3 Nov 2021
Mainstreaming HDB rental may reshape social norms, weaken communities
Current policies are geared towards enabling home ownership; Senior Minister of State for National Development Sim Ann said extending public housing rentals to the mainstream populace will not be embarked on “without deep consideration”.
Continue Reading • 3 Nov 2021
Construction firms urged to move decisively away from labour intensive construction methods
Extending permits and making it easier to obtain skills certification are two ways the Singapore government have tried to alleviate the manpower crunch.
Continue Reading • 3 Nov 2021
18 HDB neighbourhood renewal projects delayed by over six months
Out of 32 projects, 18 HDB neighbourhood renewal projects are either fully or partially delayed by a period of over six months.
Continue Reading • 3 Nov 2021
ERA partners with CGS-CIMB to promote financial literacy
The partnership between ERA and CGS-CIMB aims to promote financial literacy and empowerment, webinars and programmes can be expected.
Continue Reading • 1 Nov 2021
Exclusion of singles from buying HDB flats in prime areas not a step backwards
For now, the current restrictions on PLH flats are meant to prioritise larger households that might require more space, with adjustments to be made after the impact of the measures are assessed.
Continue Reading • 1 Nov 2021