Buyers of Waterway Sunrise II to be compensated due to delay of more than a year

Current revised probably completion dates for Waterway Sunrise II in Punggol range from Q4 2022 to Q1 2023, bringing the total waiting time to approximately 5.5 years.

Continue Reading11 Oct 2021

Reinventing Singapore’s financial district for post-pandemic world

To attract more residents and businesses to the CBD, plans for increasing amenities such as grocery stores, coffee shops and encouraging a more exciting dining and bar scene have been implemented.

Continue Reading8 Oct 2021

Lee Hsien Yang’s Caldecott Hill bungalow on sale for $16.8mil

The 9,888 sq ft two-storey detached house is located in the Caldecott Hill GCB area.

Continue Reading8 Oct 2021

Singapore sees $7.5bil in real estate investment deals in Q3

Real estate investment deals in Q3 2021 saw a 38.7% growth quarter-on-quarter, and a 58.1% increase year-on-year.

Continue Reading6 Oct 2021

Average wait times for BTO projects remains at four to five years, says Desmond Lee

The total waiting time for BTO projects is still under six years, with BTO projects launched this year and last year having wait times ranging between three to 5.5 years.

Continue Reading6 Oct 2021

Chuan Park up for collective sale for $938mil

Chuan Park is a 99-year leasehold project located at 240 to 250 Lorong Chuan and occupies a 400,588.72 sq ft site.

Continue Reading6 Oct 2021

HDB not to provide direct financial subsidies for open market rental

The decision by HDB not to provide direct financial subsidies for rental units on the open market was made to prevent driving up market rentals and inducing demand.

Continue Reading6 Oct 2021

PPHS income ceiling allows gov’t to prioritise families in greater need of temporary housing

Delays in the construction of BTO flats, increased competition for open market rental, and the growing number of those who work from home have led to more demand for PPHS flats.

Continue Reading6 Oct 2021

HDB resale prices to increase further, but at a slower pace

HDB resale flat prices have grown 8.9% since the start of 2021, with the projected year-on-year increase set at an estimated 10% to 12%.

Continue Reading4 Oct 2021

950,000 HDB households to get GST Voucher rebates this month

The regular U-Save and U-Save Special Payment will amount to $460 million to provide households with support, with more help provided to lower- to middle-income families.

Continue Reading4 Oct 2021

Flash estimates show private home and HDB resale prices expected to rise in Q3

Prices for private residential properties and Housing and Development Board (HDB) resale flats are expected to increase in the third quarter of 2021, according to flash estimates. In Q3 2021, private residential prices are expected to increase by 0.9%, a slight improvement from the 0.8% hike...

Continue Reading1 Oct 2021

Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale

Three residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme.

Continue Reading1 Oct 2021

HDB late payment charges suspended further until 31 December

To help “ease the burden” of those who continue to face challenges due to the COVID-19 pandemic, HDB will extend the suspension of late payment charges on mortgage and public rental arrears by another three months until 31 December this year.

Continue Reading1 Oct 2021

When & Where to Focus Your Listings: October 2021 Edition

With the number of COVID cases on the rise on our little island, there are some different trains of thought - some of us see this as part of transitioning from a pandemic to an endemic, whilst some of us are being extra careful about going out. Nevertheless, thanks to constantly changing...

Continue Reading30 Sep 2021

Rare 999-year leasehold Hillview Terrace site for sale, $106mil indicative price

A 999-year leasehold residential redevelopment site at 32-38D Hillview Terrace is jointly put up for sale by their owners with an indicative price of $106 million, revealed marketing agent Colliers International.

Continue Reading30 Sep 2021

HDB appoints new contractors for five BTO projects affected by Greatearth’s liquidation

New contractors have been appointed to take over the construction of five Build-to-Order (BTO) projects that were affected by the liquidation of their previous contractors, announced HDB on Wednesday (29 September).

Continue Reading30 Sep 2021

Luxury home sales in central region reach 10-year high in Q2 2021

Singapore’s upscale central region saw luxury home sales hit a 10-year high during the second quarter, reported TODAY citing an OrangeTee report.

Continue Reading29 Sep 2021

El Development and Gao Xiu Hua submit top bids for Slim Barracks Rise GLS sites

Two residential sites at Slim Barracks Rise received robust interest during the close of their tender, with each site attracting 10 bids, revealed the Urban Redevelopment Authority (URA) on Tuesday (28 September).

Continue Reading29 Sep 2021

Private residential leasing volumes up 1.1% in Q2

23,893 private residential homes were rented in Q2 2021, resulting in the total leasing volumes in H1 2021 growing 13.9% from the same period in H1 2020.

Continue Reading28 Sep 2021

Lawsuits brewing for contractors as COVID-19 legal relief ends

On 30 September 2021, the relief period under the Covid-19 (Temporary Measures) Act will end, which may lead to many SMEs facing financial distress and affecting the sector at large.

Continue Reading27 Sep 2021