Jansen Mansions goes en bloc again, with lower reserve price
The $19.8 million price works out to a land rate of $879 per sq ft per plot ratio (psf ppr), inclusive of the development charge as well as the 7% bonus balcony space.
Continue Reading • 19 Feb 2021
Low interest rates pose risks to property market, warns Heng
This comes as Singapore’s housing market registered a rapid recovery after the COVID-19 pandemic brought the economy to its worst recession, sparking speculation that the government would once again intervene and roll-out new cooling measures.
Continue Reading • 18 Feb 2021
Government to help families with $900mil Household Support Package
Given out every three months, the GST Voucher - U Save rebates help HDB households with their utility bills.
Continue Reading • 17 Feb 2021
Government to issue new bonds to fund major infrastructure projects
These projects include new MRT lines as well as infrastructure that protect against rising sea levels.
Continue Reading • 17 Feb 2021
Guocoland brings largest garden collection in CBD
Guoco Midtown Gardens will consist of 30 thematic gardens and landscaped spaces spanning 3.8 hectare. Ten of the gardens will be made publicly accessible.
Continue Reading • 16 Feb 2021
New private home sales jump 32.2% in January
Normanton Park emerged as the best-selling project in January, shifting 625 units. It was followed by Parc Central Residences EC and The Reef at King’s Dock, which moved 417 and 221 units, respectively.
Continue Reading • 16 Feb 2021
Majority of HDB residents satisfied with flats, neighbourhood, estate facilities
The survey, which is conducted once every five years, found that 93.2% of respondents were satisfied with their flat, up from 91.6% in 2013.
Continue Reading • 15 Feb 2021
Widening price gap between new condos, older units in suburban areas unsustainable
Analysts expects demand from upgraders to continue this year as HDB resale prices rose 5% last year, or its steepest growth since 2012 when values increased 6.5%.
Continue Reading • 15 Feb 2021
Shrinking sizes of new condos
The impact of the government’s move in 2018 to reverse the trend of developers constructing more shoebox units is starting to be seen. One such example is Hong Leong Group who commissioned bigger units in their projects such as Penrose.
Continue Reading • 15 Feb 2021
More households live in HDB flats, albeit average size decline
The average household size decreased to 3.1 persons in 2018 from 3.4 in 2008.
Continue Reading • 11 Feb 2021
More elderly HDB residents prefer to age in place
The survey also showed that elderly residents were highly satisfied with their HDB units, pointing to the spaciousness of their homes or its convenient location.
Continue Reading • 11 Feb 2021
More expect government to introduce property cooling measures
The quarterly survey polled around 40 to 50 senior executives in the real estate sector. The possible risk of the government stepping in to cool the market jumped from 19.2% in Q3 2020 to 44.7% in Q4 2020.
Continue Reading • 10 Feb 2021
Freehold development off East Coast to go en bloc via auction
Collective sales via auction is a rarity in Singapore since most are done via tender. This will be the first since 1997.
Continue Reading • 10 Feb 2021
Singapore’s median household income fell 2.5% in 2020
In 2020, resident household received an average of $6,308 per household member from various government schemes, up from the $4,684 received in 2019.
Continue Reading • 9 Feb 2021
Five penthouses at Marina Bay Residences up for sale for $138mil
Spanning levels 50 to 54, the five penthouses feature a combined 24 bedrooms as well as a 25m rooftop pool. Combining the units will yield a super penthouse with 28,258 sq ft of strata area.
Continue Reading • 9 Feb 2021
About 4,600 rental tenants acquired their first homes with help of housing grants
In the past five years, more than half of the 4,600 rental households purchased a three-room flat while around a quarter bought a four-room flat. The HDB support team targets to reach out to 1,000 rental households by 2023.
Continue Reading • 8 Feb 2021
All flats in Bidadari, Kallang/Whampoa, Community Care Apartments oversubscribed
The 169 units of Community Care Apartments at Harmony Village @ Bukit Batok received 319 applicants as of 5pm on Friday (5 February), just a day after the launch.
Continue Reading • 8 Feb 2021
URA probes into agents’ commission rates
The move comes amid a hike in commissions as well as market speculation of new cooling measures as residential property prices continue to increase despite economic woes.
Continue Reading • 5 Feb 2021
HDB launches 3,740 BTO flats, including Singapore’s first Community Care Apartments for seniors
The Kallang/Whampoa and Toa Payoh projects are expected to be heavily oversubscribed, given their prime city fringe locations and close proximity to MRT stations.
Continue Reading • 5 Feb 2021
Private home purchases by foreigners picked up following circuit breaker
The figures rebounded to 69 units in June 2020 as Singapore emerged from the circuit breaker, before peaking at 81 units in August.
Continue Reading • 4 Feb 2021