Singapore Property Market News

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Katong condo expected to launch next month

Marine Blue is expected to launch in January 2015 after it was opened for preview from 29 November to 14 December 2014.

Continue Reading26 Dec 2014

90% of properties sold upon first auction listing in Q4

The proportion of properties, by sales value, sold upon their first listing for auction has been increasing over the past three quarters, and it reached 90 percent in Q4 2014.

Continue Reading26 Dec 2014

Tiong Bahru blocks still spared from wrecking ball

Five old housing blocks in Tiong Bahru will be used under HDB's Parenthood Provisional Housing Scheme, even though they were supposed to be torn down in 1995.

Continue Reading26 Dec 2014

New home loans in Singapore plummet

The volume of new housing loans have fallen sharply amidst the government's cooling measures, especially the Total Debt Servicing Ratio (TDSR).

Continue Reading26 Dec 2014

URA may reveal nett prices of units sold

The Urban Redevelopment Authority (URA) is working towards releasing the nett prices of individual units sold by developers on its website in H1 2015.

Continue Reading24 Dec 2014

26 GCBs sold in 2014

The Good Class Bungalow (GCB) market has been buzzing this year as demand is still healthy, with 26 of them sold.

Continue Reading24 Dec 2014

Jalan Papan to get 7,900-bed dormitory

Singapore's Association of Process Industry plans to construct a 7,900-bed dormitory at Jalan Papan near Jurong East which will house workers from the industry.

Continue Reading24 Dec 2014

Johor reclamation to proceed or not?

The Department of Environment of Malaysia is expected to announce its findings about Country Garden's Forest City project in the coast of Johor soon.

Continue Reading24 Dec 2014

Boustead Projects to be carved off

Boustead Singapore will spin off its real estate solutions business by distributing up to 49 percent of the issued share capital of Boustead Projects Pte Ltd.

Continue Reading24 Dec 2014

Suburban properties becoming more attractive

Price sensitive buyers are looking at homes in the OCR due to lower price quantum...

Continue Reading23 Dec 2014

Executive maisonette in Bishan sold for $1.09 million

Despite the government's cooling measures, a two-storey Bishan executive maisonette has been sold for a whooping sum of $1,088,888.

Continue Reading23 Dec 2014

Salesperson fined, suspended for not declaring conflict of interest

For failing to convey a potential tenant's offer and failing to declare a conflict of interest to his clients, Thomas Yeo Moh Peng was sentenced to an aggregate financial penalty of $16,500 and 12 months' suspension.

Continue Reading23 Dec 2014

High Court sides with couple in renovation tussle

Singapore's High Court has reversed a district judge's decision that a couple should pay their neighbour $47,000 as compensation for renovating their house into an English country-style home.

Continue Reading23 Dec 2014

East Coast Park may have new animal adoption centre

There could soon be a new rent-free community animal adoption centre at East Coast Park, as this idea is currently being discussed by the Ministry of National Development (MND) and the Kembangan-Chai Chee grassroots.

Continue Reading23 Dec 2014

Govt to empower HDB to enter flats for repair works

Changes to the legislation will be made to fix ceiling leaks more promptly...

Continue Reading22 Dec 2014

Mixed-use developments looking good to investors

Mixed developments incorporate both commercial and residential units in one complex...

Continue Reading22 Dec 2014

Greenland confident of Iskandar ventures

Shanghai-based Greenland Holdings Group remains bullish of its two ventures in Iskandar Malaysia despite fears of a property glut within the economic region, reported the media. One of its projects is a 5.21ha mixed development project in Permas Jaya while the other is the 5.65ha serviced...

Continue Reading22 Dec 2014

RES exam to be held once in three months from next year

The Council for Estate Agencies has adjusted the frequency of the Real Estate Salesperson (RES) and Real Estate Agent (REA) examinations from 1 January 2015.

Continue Reading22 Dec 2014

Two luxury units sold for over $2 million in profits

Some owners have sold their high-end homes in District 10 for a sizeable profit in Q4 2014 despite the sluggish resale market for such properties.

Continue Reading22 Dec 2014

60% of flat buyers opt for open kitchen concept

The "open kitchen" concept has gained popularity, with 60 percent of Built-To-Order (BTO) flat buyers going for the said option, which comes under HDB's Optional Component Scheme.

Continue Reading22 Dec 2014