Demand for shoebox apartments drop amid recession
New shoebox apartment unit sales saw a 12.1% drop compared to last year amid a weaker supply, rising unemployment and wage cut issues.
Continue Reading • 29 Sept 2020
URA restricts re-issue of option to purchase
Developers can no longer re-issue OTPs to the same buyer(s) for the same unit(s) within 12 months of the initial OTP.
Continue Reading • 28 Sept 2020
Penrose sold over 60% of its units over virtual launch weekend
The District 14 project saw 341 of its 566 units sold during its virtual launch weekend.
Continue Reading • 28 Sept 2020
Japanese YouTuber buys four-room resale flat for $500,000
YouTuber Ghib Ojisan has acquired a four-room resale flat in Singapore – which he acquired with his Singaporean wife – for around $500,000. Photo: YouTube/Ghib Ojisan
Continue Reading • 25 Sept 2020
Knight Frank: Future Singapore homes might be “homework” ready
According to Knight Frank, future homes might incorporate ideas and concepts that first began with SOHO units in Singapore, should WFH become permanent in a post-COVID-19 world.
Continue Reading • 24 Sept 2020
COVID-19 to impact designs of houses across the world
Among the potential COVID-19 inspired changes include the provision of advanced telecommunications and space for home offices as well as healthier and greener living environment.
Continue Reading • 23 Sept 2020
Hold-off levy of ABSD to genuine HDB upgraders, says PropNex CEO
This will help solve the re-issuing of OTPs and help HDB upgraders buy a new private home.
Continue Reading • 22 Sept 2020
Huttons appoints Mark Yip as new CEO
Yip previously held various positions in City Developments Limited (CDL), being appointed as Chief Marketing Officer in 2014 and redesignated as Chief Revenue Officer in February 2018. He also served as CEO of CDL China Limited in April 2016.
Continue Reading • 21 Sept 2020
Verdale sells 50% of 78 units released on launch weekend
Buyers were a mix of investors, young professionals, multigenerational families and young couples.
Continue Reading • 21 Sept 2020
BCA expects construction demand to drop this year
The downward revision follows a mid-year review of construction contracts awarded in the first half of 2020 as well as upcoming private and public sector projects expected for the rest of 2020.
Continue Reading • 18 Sept 2020
Property cooling measures all the more necessary amid economic crisis, Desmond Lee
“A home is a big ticket item and it's for the well-being of Singaporeans that some of the measures are there,” said Mr Lee.
Continue Reading • 17 Sept 2020
Freehold site near somerset MRT station up for tender
The freehold 56,481 sq ft site, which accommodates the two-block condominium The Bayron, will be up for tender for $376 million.
Continue Reading • 17 Sept 2020
New home sales hit 11-month high in August despite Hungry Ghost Festival
New home sales in August 2020 saw the fourth consecutive month-on-month increase.
Continue Reading • 16 Sept 2020
First-Ever Virtual PropertyGuru Asia Property Awards (Malaysia) Gala Introduces Pioneering Winners’ Circle
Malaysia’s prestigious real estate awards platform presented 35 award categories to the outstanding builders of the country’s skylines and spaces via a multi-streamed event.
Continue Reading • 16 Sept 2020
Waterway terraces II residents finally relieved with façade’s rectification works
Residents of block 310A can finally breathe a sigh of relief.
Continue Reading • 15 Sept 2020
Feng Ming Construction fined $55,000 for damaging water main
The incident led to a nine-and-a-half hours water disruption for 38 households within the area.
Continue Reading • 15 Sept 2020
Savills Residential to merge with Huttons Asia
With the merger, Hutton’s current pool of 3,044 brokers will be strengthened by the 582 commission-only residential brokers of Savills being invited to join.
Continue Reading • 15 Sept 2020
Singapore ranked 48th in the world in Q2 2020 global house price index, Knight Frank
The report tracks the movement in mainstream residential prices across more than 50 countries and territories worldwide using official statistics.
Continue Reading • 14 Sept 2020
HDB estates to have designated signage for entry and exit points
This comes after a firefighting vehicle was unable to access The Peak @ Toa Payoh after a fire had broken out at the HDB flat in August.
Continue Reading • 11 Sept 2020
New home sales in August highest since September 2019
New home sales in Singapore hit a 11-month high in August, selling 1,227 units.
Continue Reading • 10 Sept 2020