Singapore Property Market News

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Pasir Ris to get 2,000 new HDB flats

Under the Remaking Our Heartland (ROH) programme, residents of Pasir Ris to get about 2,000 new HDB flats and a new mixed-use project at the town centre

Continue Reading2 May 2017

Sentosa Cove properties no longer profitable?

Properties in Sentosa Cove no longer guarantee profit for their wealthy owners as 16 of the 30 transactions registered over the last 12 months suffered losses

Continue Reading2 May 2017

130 units at Artra sold on first day

FEC Skyline's Artra project along Alexandra View sold 130 of the 200 released units (65 percent) on the first day of launch last Saturday (29 April)...

Continue Reading2 May 2017

Private home prices down for 14th consecutive quarter

Prices of private residential properties fell 0.4 percent in Q1 2017, following a 0.5 percent drop in the previous quarter, according to URA data...

Continue Reading28 Apr 2017

HDB market to see positive growth in 2H 2017

Resale flat prices in Singapore fell 0.5 percent in Q1 2017 from the previous quarter, according to more detailed statistics released by the HDB...

Continue Reading28 Apr 2017

US homeownership rate set for growth

Homeownership rate in the US is expected to significantly increase as owner household formation growth outpaced that by renters during the first quarter of 2017

Continue Reading28 Apr 2017

Tuan Sing net profit fell 44% in Q1

Tuan Sing’s gross revenue declined by 29 percent year-on-year to S$74.8 million in the first quarter of 2017, while net profit slumped 44 percent

Continue Reading28 Apr 2017

Think tank urges Hong Kong government to co-develop land with developers

The Hong Kong government has been urged to co-develop land held by private developers to meet the city’s housing needs in the next three decades

Continue Reading28 Apr 2017

IMDA lays down proposed changes to building code

In view of Singapore’s smart nation drive, the Infocomm Media Development Authority proposed to fit all new homes with wiring delivering high-speed fibre broadband to the entire unit

Continue Reading27 Apr 2017

Property tycoon fined for building wall without URA permission

Real estate tycoon fined S$12,000 for building a two-tier wall around his home near Upper Changi Road North without planning permission from the URA

Continue Reading27 Apr 2017

CapitaLand Q1 profit up 77%, helped by bulk sale of Nassim condo

Property giant CapitaLand posted a net profit of S$386.8 million in Q1 2017, up 77.2 percent from a year ago. The strong growth came on the back...

Continue Reading27 Apr 2017

CapitaLand announces key executive appointments

CapitaLand announced several key executive appointments aimed at supporting “the next phase of leadership and business excellence” within the group

Continue Reading26 Apr 2017

CDL unit submits top bid for Tampines site

The tender for a 2.17ha residential site at Tampines Avenue 10 (Parcel C) closed yesterday after attracting nine bids from property developers...

Continue Reading26 Apr 2017

Survey: Singapore property investors unfazed by Brexit

Despite the short-term implications of the UK's Brexit vote, the country remains one of the top destinations for Singaporeans looking to invest...

Continue Reading26 Apr 2017

GuocoLand to launch Martin Modern in second half of 2017

Property developer GuocoLand is targeting to launch Martin Modern, a new luxury condominium in District 9, in the second half of this year...

Continue Reading25 Apr 2017

Gov’t target to increase projects using new technologies an uphill task

Achieving the government’s target to increase the number of construction projects using new technologies would be an uphill task as the use of new technologies are currently more expensive compared to traditional methods

Continue Reading25 Apr 2017

House owner sought S$2mil but settles for $200,000

House owner Low Ban Lai wanted S$2 million in compensation following the receipt of eviction notice from his landlord, he settled for S$200,000

Continue Reading25 Apr 2017

392 units sold at Seaside Residences over weekend

The 843-unit Seaside Residences condominium at Siglap Link has attracted strong buyer interest, with 392 of the 560 released units (70 percent) sold...

Continue Reading24 Apr 2017

Toa Payoh to see two new public housing projects

The first satellite town built by the Housing and Development Board (HDB), Toa Payoh will get two new public housing projects as part of plans to rejuvenate the area

Continue Reading24 Apr 2017

Australia moves to address growing number of vacant homes

With the large number of vacant homes in Australia, the Victorian government revealed plans to introduce a new tax on owners who keep their properties vacant for over six months

Continue Reading24 Apr 2017