Singapore auction market posted higher success rates in 2020
Despite a fall in auction listings from 1,387 in 2019 to 497 in 2020, the auction market still posted higher success rates, increasing to 3.6% from 1.4% in the previous year.
Continue Reading • 26 Jan 2021
CapitaLand listed among world’s most sustainable corporations
Ranked 58th in the Global 100 Most Sustainable Corporations in the World index by Corporate Knights, this is CapitaLand's ninth time on the list, jumping five places from the previous year.
Continue Reading • 26 Jan 2021
Seniors in assisted living flats can enjoy up to 80% caregiving service subsidies
The flats are set for completion in 2024 and are targeted at seniors aged 65 and above who wanted to live on their own, yet enjoy some support, care and communal activities.
Continue Reading • 26 Jan 2021
Parc Central Residences EC sells 414 units during launch
The developers revealed that a selection of three-, four- and five-bedroom units are still available. Second timer applicants can make their booking from 23 February onwards.
Continue Reading • 25 Jan 2021
Private home sales up in 2020 while retail sales continue to lag
While retail sales have recovered since the start of the pandemic, it remained weaker compared to pre-COVID days. Meanwhile, private home sales and prices continue to rise, prompting experts to speculate on cooling measures to be implemented soon.
Continue Reading • 25 Jan 2021
HDB gets 194 requests for interim rental housing
Out of the 194 requests, 17 came from future owners at Waterway Sunrise II, whose building contractor was terminated by HDB last August due to failure to meet project milestones.
Continue Reading • 25 Jan 2021
Private home prices up in Q4 2020, while new homes sales fell
For the whole of 2020, private home prices rose 2.2%, down from the 2.7% increase registered in 2019.
Continue Reading • 22 Jan 2021
Semi-detached house attracted 33 bids, sold for $3.89mil
33 bids for a property is 'abnormal', says Joy Tan, Head of Auction and Sale at Edmund Tie. The highest number of bids recorded at last year’s property auctions was over 20.
Continue Reading • 22 Jan 2021
HDB resale prices up 3.1% in Q4 2020, 5% in 2020
For the whole of 2020, prices grew 5%, the steepest increase since Q4 2012 and higher than the 0.1% gain registered in 2019.
Continue Reading • 22 Jan 2021
Stakeholders suggest selling larger plots, creating landmark developments at Jurong Lake District
Experts believe that suggestions such as selling bigger sites with attractive option schemes will provide developers the flexibility to explore new development concepts that are hard to realise in the city centre.
Continue Reading • 21 Jan 2021
Singapore ranked second preferred city for cross-border investments
Aside from being an important hub for foreign corporations eyeing to access Southeast Asia, Singapore is also emerging as a viable alternative to Hong Kong SAR among firms establishing Asia Pacific headquarters.
Continue Reading • 21 Jan 2021
HDB issues $800mil fixed rate notes
In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.
Continue Reading • 20 Jan 2021
Ministerial comments, rising prices spark talk of additional property cooling measures
Minister Desmond Lee's urge for Singaporeans to exercise prudence when acquiring property and the recent rise in private home prices have experts believing them as signals for another round of cooling measures.
Continue Reading • 20 Jan 2021
More homeowners installing CCTVs outside HDB flats
According to the current regulations, residents in HDB flats are not allowed to install CCTV cameras outside their units, unless approved by the respective Town Councils.
Continue Reading • 19 Jan 2021
Public sector projects to drive construction sector’s recovery
The Cross Island MRT Line, relocation of Singapore Science Centre and the Toa Payoh Integrated Development are amongst the upcoming major public sector projects that will contribute to construction demand in 2021.
Continue Reading • 19 Jan 2021
Mount Emily residential buildings on sale for $18mil
Located 200 m away from Little India MRT interchange, the freehold properties are near Mount Emily Park, Orchard Road and the central business district.
Continue Reading • 19 Jan 2021
More macaques sighted near new housing project in Punggol
Residents attribute this to the increase in development within the area and to food left by humans. A person caught feeding monkeys faces fines of up to $5,000 for a first offence under the Wildlife Act, with the amount doubled for repeat offenders.
Continue Reading • 18 Jan 2021
Normanton Park sells 600 residential units at $1,750 psf on first day of sales
The mixed-use development saw around 80% of the units sold in one- and two-bedroom units during its first day of sales. Buyers also snapped three commercial units.
Continue Reading • 18 Jan 2021
Developer sales up in December, highest since 2012
Analysts expect the sales momentum in December to spill over to January 2021. However it is anticipated that while demand for new homes may remain high, the supply of new launches may decline this year.
Continue Reading • 15 Jan 2021
Growing demand for Sentosa Cove bungalows
Singapore continues to draw foreign buyers despite travel restrictions, partly due to its success in handling the pandemic. Sentosa Cove is the only place where a foreigner may seek approval to acquire a landed residential property for their own use.
Continue Reading • 15 Jan 2021