Singapore Property Market News

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Construction firm fined $130,000 for safety lapses

Kingsford Construction has been fined $130,000 for multiple, repeated safety lapses at its Upper Bukit Timah site, revealed the Ministry of Manpower...

Continue Reading4 Aug 2017

Hongkong Land net profit more than doubles

Hongkong Land Holdings announced that its net profit surged 147 percent to US$3.13 billion in H1 2017 from US$1.26 billion during the same period last year...

Continue Reading4 Aug 2017

Property investors feeling the heat of Australia’s lending restriction

After stoking soaring house prices in Australia, property investors are being squeezed as the country’s biggest banks have tightened eligibility requirements...

Continue Reading4 Aug 2017

Nominations open for PropertyGuru Philippines Property Awards 2018

Nominations are now open for the sixth annual edition of the PropertyGuru Philippines Property Awards, which was officially launched...

Continue Reading3 Aug 2017

CapitaLand Q2 profit soars 97% amid revaluation gains, divestments

Development projects that contributed to this quarter’s revenue include Singapore’s Victoria Park Villas as well as Summit Era in Ningbo and Beaufort in Beijing, China

Continue Reading3 Aug 2017

Thai properties becoming more popular to Chinese

According to Thai developer Sansiri, which plans to open three new offices in China this year in addition to its Beijing branch, home purchases by Chinese buyers in Thailand had increased steadily in the past three years

Continue Reading3 Aug 2017

Serangoon North Avenue 1 site awarded

Launched for sale on 30 May, the site was hotly contested as it attracted a total of 16 bids

Continue Reading3 Aug 2017

Illegal short-term rentals on the rise, neighbours encouraged to report suspicious activity

More private property owners are renting out their units for illegal short-term stays via apps such as Airbnb. The number of reported cases rose from 377 in 2015 to 608 last year...

Continue Reading2 Aug 2017

Lift Upgrading Programme unfeasible in 150 blocks

Despite the various innovative solutions, the Lift Upgrading Programme (LUP) could not be implemented to 150 HDB blocks, including six blocks in Hougang, due to costs or technical constraints

Continue Reading2 Aug 2017

Seniors to look forward to nearly 11,000 new flats

Singapore’s Housing and Development Board (HDB) had completed a total of 9,119 studio apartments catering specifically to the elderly age 55 and above from 2002 to June 2017

Continue Reading2 Aug 2017

Amendments to Building Maintenance and Strata Management Act tabled in Parliament

33 amendments to the city-state’s Building Maintenance and Strata Management Act were tabled in Parliament, and if passed – will mark the first revision to the law since its introduction in April 2005

Continue Reading2 Aug 2017

HDB launches 5,291 flats in August

The HDB on Tuesday launched 5,291 flats for sale in its latest Build-To-Order (BTO) and inaugural Re-Offer of Balance Flats (ROF) exercise...

Continue Reading1 Aug 2017

Roxy-Pacific net profit down 26% in Q2

Roxy-Pacific Holdings saw its net profit drop 26 percent to $14.7 million in Q2 2017 from $19.9 million over the same period last year...

Continue Reading1 Aug 2017

Chinese interest in overseas property strong despite capital controls

Despite tighter capital controls, appetite among Chinese buyers for overseas property remains strong with the US emerging as a popular investment destination...

Continue Reading1 Aug 2017

Tuan Sing targeting August launch for Kandis Residence

Singapore-listed Tuan Sing Holdings is targeting to launch Kandis Residence in Sembawang as early as August this year. The 130-unit condominium...

Continue Reading1 Aug 2017

T.O.P. tips to ease your moving day

Before you can finally open the doors to your new home, you will need to pick up the keys as well as other items, including the air conditioning remote controls, manuals, warranties for appliances, residents’ handbook and so on

Continue Reading31 Jul 2017

Financing your T.O.P. purchase and eligibility matters

Selling an existing property and channelling the sales proceeds into a new one is one way you can fund a home upgrade or investment property purchase.

Continue Reading31 Jul 2017

T.O.P.s of the property market: What are they?

One of the most distinct advantages of TOP projects it that they enable buyers to move into a new property without having to wait years for it to be built.

Continue Reading31 Jul 2017

Analyst: People are buying because of bad economy

Aside from the belief that the property market is bottoming out, the city-state’s uncertain economy has seen investors turning to residential property...

Continue Reading31 Jul 2017

EC sales likely to remain strong in Q3

Sales of executive condominiums (ECs) increased by 8.5 percent to 2,026 units in H1 2017 from 1,867 units during the same period a year ago...

Continue Reading31 Jul 2017