Auction success rate to exceed 5% this year

The auction success rate was at 6.5% in Q2 2021, with 13 properties, with a gross value of $36.9 million, being sold.

Continue Reading29 Jul 2021

Flynn Park makes second attempt at collective sale

Located at 18-22 Yew Siang Road, the 72-unit condominium is up for sale via public tender with a reserve price of $365 million.

Continue Reading29 Jul 2021

Proportion of flats under Married Child Priority Scheme cannot be increased, says MND

A third of new flats located in mature estates are already set aside for the Married Child Priority Scheme.

Continue Reading28 Jul 2021

More Malay households living in one-, two-room flats

Some reasons explaining why more Malay households were living in smaller flats included young families who needed interim housing while trying to acquire their own flat or families who have financial difficulties.

Continue Reading28 Jul 2021

Oxley’s two residential projects obtain TOP

Sea Pavilion Residences and Sixteen35 Residences, which recently TOP-ed and are fully sold, are located at 494 Upper East Coast Road and 16 Geylang Lorong 35 respectively.

Continue Reading28 Jul 2021

Any potential measure to reduce EIP’s economic impact should apply to all races

With more HDB flat sellers from minority groups coming forward to appeal the EIP, the Ministry of National Development is carefully studying the situation.

Continue Reading27 Jul 2021

Higher construction costs not to be passed down to flat buyers

These higher construction costs stem from factors such as increased manpower costs and reduced productivity due to having to implement safe management measures.

Continue Reading27 Jul 2021

HDB to launch over 17,000 BTO flats next year, says Desmond Lee

Despite construction delays brought on by the COVID-19 pandemic, HDB is set to launch at least 17,000 BTO flats in 2022.

Continue Reading27 Jul 2021

‘Clustering’ in some neighbourhoods due to purchasing power disparity

Chinese clusters were seen in central areas, while Malay clusters were in the northern and eastern neighbourhoods; Indian clusters were found in Admiralty, Pasir Ris Drive and Boon Lay as well as areas such as Kampong Java and Bendemeer.

Continue Reading26 Jul 2021

Strong demand for new flats in mature estates may boost resale prices

However, the popularity of public housing within mature estates is apparent for BTO flats only. The top five neighbourhoods for resale flats were a mixture of mature and non-mature estates.

Continue Reading26 Jul 2021

Number of new BTO projects in mature estates increased by almost 50%, says HDB

In the last four years, almost 25,600 BTO flats were offered within older residential areas such as Queenstown, Bukit Merah, Tampines, Toa Payoh, Ang Mo Kio, Bishan and Clementi.

Continue Reading26 Jul 2021

Private home, HDB resale prices increase for fifth consecutive quarter

Private home and resale flat prices have continued to climb for the fifth straight quarter, as demand for properties continued to be strong in Q2 2021 despite the Phase 2 (Heightened Alert) measures.

Continue Reading23 Jul 2021

Land plots at Lentor Central, Tampines Street 62 receive nine bids each

Guocoland submitted the highest bid for the Lentor Central site at $784 million, while a joint venture between Qingjian Realty and Santarli Construction submitted the top bid for the EC site at Tampines Street 62 at $422 million.

Continue Reading23 Jul 2021

Two adjoining terraces at Chiap Guan Avenue up for sale

Located within the landed housing district of Kovan, the properties – which comprise an intermediate and corner terrace – have a combined site area of 440.7 sq m (4,744 sq ft), with a total frontage of 16m.

Continue Reading23 Jul 2021

Group sizes for showflat visits cut to two as Phase 2 (Heightened Alert) Measures return

The permissible group size for showflat visits is reduced from five to two persons. The allowable number of distinct visitors allowed per household a day was also reduced from five to two persons.

Continue Reading22 Jul 2021

LTA unveils new grant to install electric vehicle chargers in condos

The Land Transport Authority (LTA) revealed that the Electric Vehicle Common Charger Grant will help fund the installation cost of 2,000 EV chargers at such homes as an early adoption incentive.

Continue Reading21 Jul 2021

Construction works on Ang Mo Kio MRT interchange station to commence in Q4

The new CRL station will allow commuters to save 70 minutes of travel time between Ang Mo Kio and Aviation Park, bringing it to just 35 minutes. Travel time from Ang Mo Kio to Pasir Ris will also be reduced to 25 minutes from one hour.

Continue Reading21 Jul 2021

URA launches public engagement exercise to review long-term land use needs

The feedback will be used by URA and other relevant agencies to develop long-term land use plans and strategies to cater to various future possibilities.

Continue Reading21 Jul 2021

3 things Marcus Chu wants to tell all ERA agents

A fitness enthusiast and former COO of ERA Singapore, Marcus Chu is no stranger to the property industry – and now he has a brand-new feather on his cap as the agency’s new CEO.With a new leader at its helm, ERA is continuing its steady track towards an exciting future. But as we all work towards...

Continue Reading16 Jul 2021

Singapore new private home sales down 2.6% in June

New private home sales dropped 2.6% month-on-month, from 895 to 872 units, and decreased 12.6% year-on-year.

Continue Reading16 Jul 2021