Shrinking household size requires 300,000 homes to be built in 10 years
This comes as the average household size continue to contract, resulting in smaller average sizes of new private houses.
Continue Reading • 14 Oct 2019
Government to pour in over $1b into upgrading private, public estates
Meanwhile, the government will also upgrade 55,000 HDB flats under the second round of the Home Improvement Programme (HIP), which is set to start from next year onwards.
Continue Reading • 14 Oct 2019
NEU at Novena to open for preview with units priced from $1.35m
The prime district 11 development features 87 residential units, ranging from two- to four-bedder apartments. There will also be dual key three-bedroom units for multi-generational families and investors.
Continue Reading • 11 Oct 2019
China drives sales of Singapore’s luxury apartment market
Mainland Chinese nationals bought 97 of the 315 units at Singapore's core central region in the first nine months of 2019.
Continue Reading • 11 Oct 2019
Hike in private home prices does not allude to a buoyant market
Experts at Edmund Tie & Company noted that higher land prices, declining average sell-down rates and compressing developer’s margin show that the market isn't as 'buoyant' like it appears.
Continue Reading • 11 Oct 2019
Singapore not heading towards deflation
Despite muted price growth and market downgrades forecasts, experts at DBS expect headline inflation to recover to 1.1 percent in 2020 from a projected 0.5 percent this year.
Continue Reading • 10 Oct 2019
Singapore is world's most competitive economy
Singapore beat the U.S for the top spot, ranking first for financial system development, infrastructure and labour market functioning.
Continue Reading • 10 Oct 2019
Singapore housing market remains in fair-valued zone
Singapore was cited as the country with the most improved housing market with regard to affordability. Property prices have stagnated and there are lesser transactions.
Continue Reading • 9 Oct 2019
Yarwood Avenue GCB to enter the market again with $23m price
The two-storey bungalow comes with five en suite bedrooms, a basement, sheltered terraces, a car porch, a landscaped garden, a koi pond and a swimming pool.
Continue Reading • 9 Oct 2019
Non-landed private resale home transactions drop 1.5% in September
OrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over the previous years.
Continue Reading • 9 Oct 2019
No need to make flat sizes smaller, MND
The Ministry of National Development said existing two-room Flexi Build-to-Order flats within non-mature estates are already affordable housing options for singles.
Continue Reading • 8 Oct 2019
MND responds to queries on HDB rental flats applications
The MND stressed that with HDB soon embarking on redevelopment plans for many of the older blocks.
Continue Reading • 8 Oct 2019
Seniors receive average LBS proceeds of $177,000
MND noted that most seniors will most seniors have enough CPF RA savings “to benefit from a lifelong income stream of about $1,000 per month on a household basis under CPF LIFE” after taking LBS.
Continue Reading • 8 Oct 2019
Achieving Greater Success through Real Estate Technology
Jeffrey Heng and William Lee from OrangeTee & Tie’s (OTT) Navis Living Group (NLG) both managed to achieve success in their real estate business by embracing digital transformation.
Continue Reading • 7 Oct 2019
More Singapore homeowners defaulting on mortgages
For the first half of 2019, there were 213 cases of mortgagee sales, compared with 258 for the whole of 2018. The figures are more than double the 123 mortgagee sales registered in 2014.
Continue Reading • 7 Oct 2019
The 9th PropertyGuru Asia Property Awards (Singapore) honours established and boutique developers
Established in 2011, the PropertyGuru Asia Property Awards (Singapore) is a highly-regarded accolade with every stage of its judging process being supervised by third-party BDO, one of the world’s largest networks of auditing and accounting firms.
Continue Reading • 5 Oct 2019
Tuas mega port project to greatly improve Singapore’s port operations
The new port is expected to become the world’s biggest fully automated container terminal once it begins operating in the 2040s.
Continue Reading • 4 Oct 2019
HDB resale prices down 0.2% in September
However, resale flat prices within non-mature estates climbed 0.9 percent year-on-year as most are reaching their five-year minimum occupation period.
Continue Reading • 4 Oct 2019
Sunseap bags tender to install solar panels at HDB blocks
The programme aims to promote and aggregate demand for solar PV systems across government agencies in order to achieve economies of scale.
Continue Reading • 3 Oct 2019
930,000 HDB households to receive U-Save rebates
Eligible households will receive up to $100 in U-Save rebate this month, depending on the type of their HDB flat.
Continue Reading • 3 Oct 2019