News Roundup (October 2016)
Our top Singapore property stories.
Continue Reading • 21 Oct 2016
Strong interest in PropertyGuru’s Emerging Markets Property Show
More than 500 visitors attended the recent exhibition in Singapore to find out more about investment opportunities in Asia’s emerging markets...
Continue Reading • 21 Oct 2016
Authorities seek views on how to protect Ellison Building
The Urban Redevelopment Authority (URA) and the Land Transport Authority (LTA) are calling on heritage groups to provide their views on how to best protect Ellison Building, media reports said...
Continue Reading • 20 Oct 2016
US housing starts down 9% in September
While housing starts in the US fell to a one-and-a-half year low in September on significant declines in multi-family home building, a hike in the construction of single-family homes...
Continue Reading • 20 Oct 2016
CDL buys 20% stake in Tokyo project
City Developments Limited (CDL) has acquired a 20 percent stake in a prime residential project in Tokyo from Japanese developer Mitsui Fudosan Residential...
Continue Reading • 19 Oct 2016
BCA’s new roadmap to raise construction productivity
The Building and Construction Authority (BCA) has unveiled a research and development (R&D) roadmap aimed at raising productivity within the construction industry, media reports said...
Continue Reading • 19 Oct 2016
Malaysian official calls for timely completion of high speed rail project
Dr Ali Hamsa, Chief Secretary to the Malaysian government, has called on the civil service to work hard to ensure a timely implementation of the HSR project between Malaysia and Singapore, media reports said...
Continue Reading • 18 Oct 2016
Keppel Land divests stake in Chengdu township
Keppel Land associates CityOne Township Development and Quivivet, and their joint venture partner, are divesting their stakes in Chengdu Century Development Co. (CCDC)...
Continue Reading • 18 Oct 2016
5 best-selling projects in September 2016
Sales of new private homes, including executive condominiums (ECs), reached 769 units in September, according to data from the Urban Redevelopment Authority (URA). The five chart-topping projects are...
Continue Reading • 18 Oct 2016
ECs the driving force in new home sales
Singapore developers sold 769 private housing units in September including executive condominiums (ECs), down 3.7 percent from the 799 units in the previous month, revealed data published by the URA...
Continue Reading • 17 Oct 2016
Lendlease unveils plans for $3.2 billion Paya Lebar Quarter
Australian property developer Lendlease has unveiled plans for its $3.2 billion Paya Lebar Quarter urban regeneration project, which is expected to transform the area around Paya Lebar Central into a regional centre...
Continue Reading • 17 Oct 2016
Agents closed more deals amidst drop in home prices
Property agents are seeing an increase in transactions this year as the drop in private home prices is drawing buyers back into the market. Property agencies revealed that their agents closed about 20 to 40 percent more transactions...
Continue Reading • 17 Oct 2016
Indonesia’s Intiland wins multiple awards
Indonesian property developer Intiland Development was named this year’s Best Developer at the annual Indonesia Property Awards 2016, an international event organised by PropertyGuru Group and presented by Hansgrohe...
Continue Reading • 17 Oct 2016
Keppel Land launches virtual reality show suites
Property developer Keppel Land has turned to virtual reality (VR) technology to sell a new stack of apartments at its 500-unit Highline Residences condominium in Tiong Bahru...
Continue Reading • 14 Oct 2016
Vacancy rate for private rented homes up in Q2
With supply outpacing demand, the vacancy rate for private rented homes increased 1.4 percentage points to 8.9 percent in the second quarter of 2016, media reports said...
Continue Reading • 14 Oct 2016
HDB annual deficit shrinks to $1.64 billion
The Housing and Development Board (HDB) saw its annual deficit drop to $1.64 billion during the financial year 2015/2016 from $2.02 billion in the previous year, on the back of a lower supply of new flats...
Continue Reading • 14 Oct 2016
MAS maintains neutral monetary policy stance
The Monetary Authority of Singapore (MAS) kept its neutral policy stance for the Singapore dollar at its semiannual monetary policy review on Friday (14 October).
Continue Reading • 14 Oct 2016
Shunfu Ville sale dispute could drag on, prove costly for owners
The sale of Shunfu Ville, the largest en bloc deal since 2007, has hit a brick wall. This week, several newspapers reported that five households at the 358-unit residential development in the Bishan-Thomson area...
Continue Reading • 13 Oct 2016
Singapore investors still cautious on UK property
Despite the weakening pound, property investors in Singapore are taking more time in making a decision to buy a UK property compared to their counterparts in other Asian countries, media reports said...
Continue Reading • 13 Oct 2016
Is Australia's house price boom over?
The median house price in Sydney is expected to remain broadly flat over the next three years, after soaring 56 percent during the last four years, reported Bloomberg citing a QBE Insurance Group report...
Continue Reading • 13 Oct 2016