Singapore Property Market News

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OUE approached to buy UEL shares

OUE Ltd, backed by the billionaire Riady family, has clarified that while it has been approached for the purchase of shares in UEL, there is no assurance of a binding agreement...

Continue Reading6 Oct 2016

New London project launching in Singapore

A new residential development in London by UK developer London Square is set to be showcased to Asian investors at the Four Seasons Hotel in Singapore this weekend, said marketing agent Knight Frank...

Continue Reading6 Oct 2016

PropertyGuru makes largest investment to date in Vietnam property portal

Real estate group PropertyGuru announced on Tuesday that it has made a strategic investment in Vietnam's leading property website Batdongsan.com.vn for an undisclosed sum...

Continue Reading5 Oct 2016

Singapore is Asia’s 2nd most expensive city, says wealth report

Singapore has been ranked as the second most expensive city in Asia, overtaking Hong Kong which is in third place, media reports said citing a wealth report from Julius Baer...

Continue Reading5 Oct 2016

GIC invests in German student accommodation

Singapore’s sovereign wealth fund GIC and global student accommodation specialists GSA yesterday announced a partnership to capitalise on growth opportunities in the German student accommodation market...

Continue Reading5 Oct 2016

Forest Woods condo attracts over 500 cheques

The Forest Woods condominium in Serangoon Central will be launched this Saturday, said home builder CDL, which is jointly developing the project with Hong Leong Holdings and TID...

Continue Reading4 Oct 2016

Home price drop likely due to new reporting rule for developers

The URA's flash estimates of a 1.5 percent drop in private home prices came as a surprise to analysts and erased hopes that the market may be bottoming out following several quarters of mild price declines...

Continue Reading4 Oct 2016

Residential sector dominates property investment sales in Q3

Real estate investment sales in Singapore jumped 16 percent year-on-year to $4.61 billion in the third quarter of 2016 from $3.99 billion a year before, according to preliminary estimates from JLL...

Continue Reading4 Oct 2016

270 units sold on launch day at The Alps Residences

The 626-unit The Alps Residences at Tampines Street 86 sold 270 units (43 percent) on Sunday (2 October), its first launch day after a week-long preview, said its developer MCC Land...

Continue Reading3 Oct 2016

Private home prices down 1.5% in Q3

The private residential property price index fell 2.1 points to 137.9 in the third quarter of 2016 from 140.0 points in the previous quarter, according to the URA's flash estimates...

Continue Reading3 Oct 2016

HDB resale flat prices remain stable in Q3

Prices of HDB flats remained unchanged in the third quarter of 2016, with the resale price index at 134.7 points, revealed flash estimates from the Housing Board...

Continue Reading3 Oct 2016

840,000 HDB households to receive utilities rebates in October

About 840,000 Singaporean HDB households will receive GST Voucher – U-Save rebates this month to offset part of their utilities bills, revealed the Ministry of Finance (MOF) on Sunday, 2 October...

Continue Reading3 Oct 2016

Singapore home market unaffected by Indonesian tax amnesty

The implementation of the Tax Amnesty Scheme in Indonesia has not had any material impact on Singapore’s residential segment, said Credit Suisse in a report.

Continue Reading30 Sept 2016

Forest Woods receives strong interest at preview

Forest Woods, a condominium project at Serangoon Central, has been receiving robust interest since its preview commenced on 24 September.

Continue Reading30 Sept 2016

Vietnam’s potential presents tempting prospect for real estate investors

40 years after reunification and the fall of Saigon, Vietnam has emerged to be one of the fastest growing economies in Southeast Asia...

Continue Reading30 Sept 2016

3 prime residential buildings up for sale

Three prime residential properties located near Orchard Road have been put up for sale by public tender, with JLL and CBRE appointed as joint marketing agents.

Continue Reading29 Sept 2016

Shanghai leads China’s property market recovery

Shanghai led the real estate market recovery in China as it topped the ranking in the country for real estate development and investment prospects, revealed an Urban Land Institute (ULI) report.

Continue Reading29 Sept 2016

5 teams shortlisted to develop Jurong Lake District master plan

Five teams have been shortlisted by the URA to develop a master plan for the Jurong Lake District, whose Request for Proposal exercise received robust interest from 35 local and international firms.

Continue Reading28 Sept 2016

Fernvale Road residential site attracts 14 bids

A 99-year leasehold residential site at Fernvale Road received robust interest during the close of its tender on Tuesday (27 September), with 14 developers bidding for the site.

Continue Reading28 Sept 2016

TEE Land to acquire Ley Choon's real estate unit for $11.5m

Property developer Tee Land is acquiring the real estate subsidiary of Ley Choon Group Holdings, in line with the debt restructuring programme that Ley Choon is undertaking with its lenders.

Continue Reading27 Sept 2016