Singapore property stocks fall amid new cooling measures

The latest round of cooling measures, which saw higher ABSD rates, a tighter TDSR threshold and a lower LTV limit for HDB-granted loans, impacted Singapore property stocks negatively.

Continue Reading17 Dec 2021

‘Harder hitting’ cooling measures to affect home sales, en bloc market

The new Singapore property cooling measures might see a slow down in the new home sales for December and curbed momentum in the en bloc market.

Continue Reading17 Dec 2021

HDB to launch up to 23,000 new BTO flats per year over next two years

Separately, the government has also released five confirmed list sites and eight reserve list sites for the 1H 2022 GLS programme.

Continue Reading16 Dec 2021

Singapore unveils new property cooling measures

The new Singapore property cooling measures, which include a higher ABSD, lower TDSR, and tighter LTV, will take effect from today, 16 December 2021.

Continue Reading16 Dec 2021

Woman admits to purchasing properties on behalf of three foreigners

For purchasing a restricted residential property on behalf of a foreigner, the 49-year-old Singaporean, Song Fanrong, could be imprisoned for up to three years, fined by up to $100,000, or both.

Continue Reading15 Dec 2021

Baode Building up again for collective sale, price unchanged at $27mil

Located at 8 Lorong 35 Geylang, Baode Building sits on an 11,102 sq ft site near Paya Lebar MRT station and a cluster of malls including PLQ Mall, Paya Lebar Square and Singpost Centre.

Continue Reading15 Dec 2021

43 cases of fallen windows in first 11 months of 2021

Of the 43 cases of fallen windows, 50% involved casement windows.

Continue Reading13 Dec 2021

Shun Tak acquires High Point for $557mil

Located at 30 Mount Elizabeth, the 22-storey residential property, High Point, has been acquired for $557 million by Shun Tak Holdings.

Continue Reading10 Dec 2021

Build-To-Rent model – an alternative housing option?

Should the Build-To-Rent (BTR) model be implemented, it could benefit diverse groups such as the elderly who are empty-nesters and younger Singaporeans who crave their own space or have foreign partners.

Continue Reading10 Dec 2021

The Beaumont up for en bloc sale for $478mil

Located at 145 and 147 Devonshire Road, The Beaumont occupies a 74,739 sq ft site just minutes away from the Orchard Road shopping belt.

Continue Reading10 Dec 2021

Zyanya to launch for sale this Saturday

Indicative prices for Zyanya, which is located at Lorong 25A Geylang, begin at $1,590 per sq ft.

Continue Reading9 Dec 2021

Perfect Ten to launch for sale on Sunday, prices start from $2.5mil

Perfect Ten is a 230-unit project, offering two- and three-bedroom units. Prices range from about $2.5 million to $4.4 million.

Continue Reading9 Dec 2021

MAS cautions homebuyers to exercise prudence amid rise in household debt

Household debt in Singapore increased between Q4 2019 and Q3 2021, with household debt accounting for 70% of Singapore's GDP during Q3 2021.

Continue Reading9 Dec 2021

HDB flats remain attractive as investment despite restrictive rules under PLH model

Over the past 20 years, prices of resale HDB flats increased by 0.82% quarter-on-quarter on average, or an accumulated growth of almost 70%.

Continue Reading9 Dec 2021

Peace Centre, Peace Mansion sold for $650mil

Located along Sophia Road, Peace Centre and Peace Mansion occupy a 76,617 sq ft site.

Continue Reading9 Dec 2021

Chuan Park in private negotiation process

Located at 240 to 250 Lorong Chuan, Chuan Park is a 99-year leasehold project and occupies a 400,588.72 sq ft site; the property may be redeveloped into 900 to 919 units.

Continue Reading3 Dec 2021

CDL to acquire Central Square for $315mil

Located at 20 Havelock Road, Central Square will be redeveloped into a mixed-use development, with serviced residences, retail and office units.

Continue Reading3 Dec 2021

HDB owners to face higher property tax next year

The property tax payable will increase next year, alongside the revision of the annual value (AV) of HDB flats by 4% to 6%.

Continue Reading3 Dec 2021

Property agent fined $5,000 for holding transaction monies

The PropNex Realty property agent, Charles Tan Chun Peng, was fined $5,000 for holding $32,300 of developer transaction monies.

Continue Reading3 Dec 2021

ERA Singapore names new deputy chief executive officer

Doris Ong is ERA Singapore's new Deputy Chief Executive Officer. Previously, she was ERA Singapore’s Chief Operating Officer for Project Marketing.

Continue Reading1 Dec 2021