Singapore Property Market News

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Record price smashed in Byron Bay

An off-plan record price of AUD$5 million has been achieved for a four-bedroom penthouse in Byron Bay, Australia.

Continue Reading10 Sept 2014

Airport boost for Dubai property

Dubai's real estate sector in Dubai is expected to benefit significantly from the development of the Al Maktoum International Airport.

Continue Reading10 Sept 2014

One in four London landlords are losing money

Some 27 percent of landlords with one London property are breaking even at best, or actually losing money according to new research.

Continue Reading10 Sept 2014

Lease Buyback Scheme will not leave owners homeless: MND

The Ministry of National Development (MND) has assured homeowners who outlive the lease for the Lease Buyback Scheme (LBS) will not be left homeless.

Continue Reading9 Sept 2014

MND reveals recent BTO flat prices

In a written answer to a query in Parliament yesterday, the Ministry of National Development (MND) revealed the average selling prices of BTO flats offered recently in the non-mature estates range from around $110,000 to $386,000.

Continue Reading9 Sept 2014

Govt urged to have more dialogue with developers

More dialogue between the government and developers should be conducted as the slowing demand for property could damage the wider economy.

Continue Reading9 Sept 2014

Potong Pasir has come a long way: PM Lee

Prime Minister Lee Hsien Loong said Potong Pasir has come a long way since its early days as a sand quarry...

Continue Reading9 Sept 2014

Buying Bangkok on the cheap

If you know where to look and do your research you can rent a decent place in the centre of the Thai capital for little more than S$200 per month - the same cost as one night in a four-star hotel.

Continue Reading9 Sept 2014

LTA chief redeployed as MND Permanent Secretary

The Land Transport Authority’s (LTA) Chief Executive, Chew Hock Yong, will be appointed Second Permanent Secretary, Ministry of National Development...

Continue Reading9 Sept 2014

No decline in love for London

Double-digit sales at last weekend's London property exhibitions in Singapore is evidence there is no decline in interest in investing in the U.K. capital city.

Continue Reading9 Sept 2014

Carlow House looks to Asia

Exhibitions in Singapore and Hong Kong will target Asian buyers for Galliard Homes' latest London development,

Continue Reading9 Sept 2014

Penrith attracts investors

More investors are being attracted to the Australian city of Penrith, where prices have grown 13.5% in just 12 months.

Continue Reading9 Sept 2014

520 complaints on illegal rental of private homes

The Urban Redevelopment Authority (URA) has received about 520 complaints since 2013 on the alleged rental of individual strata-titled private residential properties for less than six months. The Ministry of National Development (MND) revealed this at today’s parliament session, and said URA...

Continue Reading8 Sept 2014

More launches expected in coming months

Developers are expected to launch more private residential projects in September and October.

Continue Reading8 Sept 2014

Developers will have to diversify out of Singapore

Singapore's residential property developers are urged to diversify out of the local property market given its increasingly tight conditions.

Continue Reading8 Sept 2014

Ground broken for Lentor, Mayflower MRT stations

Construction work has begun on two new MRT stations on the $24 billion Thomson-East Coast Line (TEL)...

Continue Reading8 Sept 2014

Low tender prices may lead to cost overruns

SCAL President Dr Ho Nyok Yong encouraged its members to be vigilant when it comes to tendering new projects.

Continue Reading8 Sept 2014

CEA wants feedback from salespersons

The Council for Estate Agencies (CEA) has been conducting focus group discussions with salespersons to gather their views for developing guidelines and policies.

Continue Reading8 Sept 2014

Volatility if Scotland goes it alone

Both Moody's and Standard & Poor have reported that an independent Scotland will be given an A grade rating, two notches below the UK's current AA1 rating which means that borrowing costs for a new government will be higher.

Continue Reading8 Sept 2014

GCB prices still soaring amid fewer sales

Prices of good class bungalows (GCBs), considered the most expensive homes in Singapore, grew 6.7 percent to average $1,488 psf in H1 2014...

Continue Reading8 Sept 2014