Budget 2018: Govt raises buyer's stamp duty for residential properties priced above $1 million
With effect from Tuesday (20 February), the top marginal Buyer's Stamp Duty (BSD) rate for residential properties priced above $1 million will be raised to 4.0 percent from 3.0 percent previously...
Continue Reading • 20 Feb 2018
Budget 2018: Govt enhances proximity housing grant for resale flat buyers
In his Budget 2018 speech on Monday (19 February), Finance Minister Heng Swee Keat announced several new enhancements to the Proximity Housing Grant (PHG) to help Singaporeans looking to live with or near their loved ones...
Continue Reading • 20 Feb 2018
Brookvale Park sold en bloc for $530m
The 160-unit development Brookvale Park has been sold to Hoi Hup Sunway – a joint venture between Hoi Hup Realty and Sunway – for $530 million, revealed marketing agent JLL...
Continue Reading • 19 Feb 2018
3,000 public rental tenants purchased their first home: HDB
Thanks to the Housing and Development Board's (HDB) various housing grants, about 3,000 rental flat tenants were able to acquire their first home in the Build-To-Order (BTO) or Sales of Balance Flats (SBF) exercises between 2013 and 2017...
Continue Reading • 19 Feb 2018
Cairnhill Mansions, Riviera Point sold en bloc
Singapore’s collective sales market continues to sizzle with the sale of Cairnhill Mansions and Riviera Point for $362 million and $72 million respectively, revealed marketing agent CBRE...
Continue Reading • 15 Feb 2018
S’pore economy grows at fastest pace since 2014
Singapore’s gross domestic product (GDP) expanded by 3.6 percent year-on-year for the whole of 2017, according to latest statistics released by the Ministry of Trade and Industry (MTI) on Wednesday (February 14)...
Continue Reading • 15 Feb 2018
New private home sales up 37% from a year ago
Property developers sold 522 new private homes excluding executive condominiums (ECs) in January 2018, up 21 percent from 431 units in the month before, according to data published by the URA...
Continue Reading • 15 Feb 2018
Home prices could increase by 10% this year, says CapitaLand CEO
CapitaLand CEO Lim Ming Yan expects home prices in Singapore to increase by as much as 10 percent this year – a view which is in line with other forecasts...
Continue Reading • 14 Feb 2018
Residential land sales could reach $16b in 2018
Property consultancy Cushman and Wakefield thinks that land purchases in Singapore by real estate developers could hit $16 billion this year, with more record land deals emerging...
Continue Reading • 14 Feb 2018
Roxy-Pacific to launch six sites for sale in 2018
Roxy-Pacific Holdings reported a revenue of $43.3 million during the fourth quarter of 2017, down 53 percent from $93.1 million over the same period in 2016. Net profit also fell 39 percent to $7.3 million from $11.9 million in Q4 2016...
Continue Reading • 14 Feb 2018
Pearlbank Apartments sold to CapitaLand for $728m
Pearlbank Apartments, a 37-storey development in Outram, has been sold via private treaty to CapitaLand for $728 million, following the close of its collective sale tender on 19 December 2017, revealed marketing agent Colliers International...
Continue Reading • 13 Feb 2018
Over 2,400 applicants vie for BTO project in Choa Chu Kang
The Teck Whye View Build-To-Order (BTO) project in the non-mature estate of Choa Chu Kang was the most sought-after in the Housing and Development Board’s (HDB) latest sales exercise...
Continue Reading • 13 Feb 2018
SMU offers co-living apartments for students
Prinsep Street Residences (PSR), a new co-living apartment complex at Singapore Management University (SMU), is set to open in August, featuring a work-play, café and multi-purpose lounges...
Continue Reading • 13 Feb 2018
Tampines Court: Is the sale still on?
Worried at the lack of updates on the collective sale process, homeowners at Tampines Court wanted to know whether the sale of the development to Sim Lian Group is still on...
Continue Reading • 12 Feb 2018
Govt spent $211m to help families live closer together
The Housing and Development Board (HDB) revealed on Sunday (11 February) that it has given out a total $211 million worth of Proximity Housing Grants since the scheme was implemented in August 2015...
Continue Reading • 12 Feb 2018
Customer ratings and transactions of property agents to be made public
In a bid to improve transparency and accountability in the property sector, the Council for Estate Agencies (CEA) will work with agencies to publish customer ratings of real estate agents...
Continue Reading • 9 Feb 2018
Roxy-Pacific has big plans for Kismis View site
Following their $102.75 million en bloc purchase of the 90,863 sq ft Kismis View site last month, Roxy-Pacific Holdings and its joint venture partner now intend to buy an adjacent plot measuring 9,473 sq ft...
Continue Reading • 9 Feb 2018
S’pore emerges as favoured investment destination for China’s super-rich
While Hong Kong continues to be the primary destination for China’s offshore money, more Chinese high-net-worth individuals (HNWIs) are looking at Singapore as a safe haven to park their wealth...
Continue Reading • 9 Feb 2018
City Towers sold en bloc for $401.9m
Singapore’s collective sales fever shows no signs of abating with City Towers being the latest development to be successfully sold en bloc, media reports said...
Continue Reading • 8 Feb 2018
URA awards 3 housing sites for $728.55m
The Urban Redevelopment Authority (URA) announced on Wednesday (7 February) that it has successfully sold three residential sites for a total of $728.55 million...
Continue Reading • 8 Feb 2018