Singapore Property Market News

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3 new ECs to watch for in 2017

Only three new executive condominiums (ECs) are targeted to launch next year, down from five projects in 2016. Their names haven’t been revealed yet, but the sites are at...

Continue Reading14 Dec 2016

Singapore, Malaysia sign landmark HSR deal

The KL-Singapore High Speed Rail (HSR) project is now a step closer to reality, after the bilateral agreement for the much-anticipated project was officially signed yesterday...

Continue Reading14 Dec 2016

Hong Kong’s super-rich avoid paying property tax

Some wealthy home buyers have found ways to avoid paying Hong Kong’s hefty property taxes, which were imposed as part of the government’s property cooling measures, media reports said...

Continue Reading14 Dec 2016

Mount Vernon funeral parlours remain anxious despite lease extensions

Despite receiving lease extensions for the second time, funeral parlours at the Mount Vernon Columbarium Complex remain anxious about the future of their operations, media reports said...

Continue Reading13 Dec 2016

PM Lee to witness signing of KL-Singapore HSR agreement

Prime Minister Lee Hsien Loong on Tuesday (13 December) will witness the signing of the bilateral agreement for the Kuala Lumpur-Singapore High Speed Rail (HSR) project...

Continue Reading13 Dec 2016

MCL Land wins bid for Margaret Drive site

The URA has awarded the tender for a residential site at Margaret Drive to MCL Land (Regency), after the developer submitted the highest bid of $238.39 million for the 0.48ha plot...

Continue Reading13 Dec 2016

HDB sees very encouraging response for Proximity Housing Grant

The Housing and Development Board’s (HDB) Proximity Housing Grant has received a very encouraging response, with 5,217 households applying for the scheme...

Continue Reading12 Dec 2016

Number of fallen window cases up from year ago

The number of fallen window cases in Singapore rose to 41 in the first 11 months of 2016 from 30 cases over the same period last year, media reports said...

Continue Reading12 Dec 2016

S’pore home prices down 2% from year ago: Knight Frank

Home prices in Singapore fell two percent year-on-year in Q3 2016, while most countries in the world registered strong price growth, revealed a Knight Frank report...

Continue Reading9 Dec 2016

Joint tender for HSR project to launch end-2017

MyHSR CEO Mohd Nur Ismal Kamal revealed that the joint tender for the high-speed rail (HSR) project between Singapore and Malaysia will launch in the fourth quarter of 2017...

Continue Reading9 Dec 2016

Mixed reality is here to change everything about the real estate industry

At a café in Tokyo’s chic Shibuyu district, Kate settles down to make some home improvements. She orders a cappuccino, straps on a pair of virtual reality goggles...

Continue Reading9 Dec 2016

7 upcoming projects to look out for in 2017

A slew of new residential projects are set to launch next year, and are expected to attract keen interest from home buyers. Some sites to watch out for are...

Continue Reading8 Dec 2016

CDL to benefit from improving market sentiment

Improving sentiment in the housing market will likely benefit CDL, as it remains the developer with the most available inventory, with much of its land bank...

Continue Reading8 Dec 2016

Oxley to acquire 40% stake in Australian property firm

Property developer Oxley Holdings plans to acquire a 40 percent stake in Pindan Group, a leading property and construction company in Western Australia...

Continue Reading8 Dec 2016

URA releases site at West Coast Vale

The Urban Redevelopment Authority (URA) launched a residential site at West Coast Vale for sale on Wednesday (7 December) under the confirmed list of the second half 2016 Government Land Sales (GLS) Programme...

Continue Reading7 Dec 2016

Design unveiled for new motorsports city in Iskandar

FASTrack Iskandar unveiled the design of Fastrackcity in Iskandar Malaysia on Tuesday (6 December), with Malaysian Prime Minister Najib Razak officiating the ceremony...

Continue Reading7 Dec 2016

Knight Frank partners with Santos in the Philippines

Knight Frank has partnered with Rick Santos, head of a leading real estate brokerage and consulting firm in the Philippines, with the business set to rebrand as Santos Knight Frank effective from 1 January 2017...

Continue Reading7 Dec 2016

URA receives 14 bids for Margaret Drive site

The tender for a residential site at Margaret Drive in Queenstown closed on Tuesday (6 December) after attracting 14 bids from developers, said the Urban Redevelopment Authority (URA)...

Continue Reading6 Dec 2016

Real estate agency, agent fined over sale of foreign property

The Council for Estate Agencies' (CEA) Disciplinary Committee has fined SQFT Global Properties Singapore $10,000 for failing to supervise the conduct of one of its former agents on the sale and marketing of a property in Auckland, New Zealand...

Continue Reading6 Dec 2016

Demand from Singaporean home buyers continues to grow

The residential market is seeing growing demand from local buyers, who accounted for around 76 percent of home sales in Q3 2016, revealed a report from Edmund Tie and Co...

Continue Reading6 Dec 2016