Auction success rate to exceed 5% this year
The auction success rate was at 6.5% in Q2 2021, with 13 properties, with a gross value of $36.9 million, being sold.
Continue Reading • 29 Jul 2021
Flynn Park makes second attempt at collective sale
Located at 18-22 Yew Siang Road, the 72-unit condominium is up for sale via public tender with a reserve price of $365 million.
Continue Reading • 29 Jul 2021
Oxley’s two residential projects obtain TOP
Sea Pavilion Residences and Sixteen35 Residences, which recently TOP-ed and are fully sold, are located at 494 Upper East Coast Road and 16 Geylang Lorong 35 respectively.
Continue Reading • 28 Jul 2021
Any potential measure to reduce EIP’s economic impact should apply to all races
With more HDB flat sellers from minority groups coming forward to appeal the EIP, the Ministry of National Development is carefully studying the situation.
Continue Reading • 27 Jul 2021
Higher construction costs not to be passed down to flat buyers
These higher construction costs stem from factors such as increased manpower costs and reduced productivity due to having to implement safe management measures.
Continue Reading • 27 Jul 2021
Strong demand for new flats in mature estates may boost resale prices
However, the popularity of public housing within mature estates is apparent for BTO flats only. The top five neighbourhoods for resale flats were a mixture of mature and non-mature estates.
Continue Reading • 26 Jul 2021
Number of new BTO projects in mature estates increased by almost 50%, says HDB
In the last four years, almost 25,600 BTO flats were offered within older residential areas such as Queenstown, Bukit Merah, Tampines, Toa Payoh, Ang Mo Kio, Bishan and Clementi.
Continue Reading • 26 Jul 2021
Singapore new private home sales down 2.6% in June
New private home sales dropped 2.6% month-on-month, from 895 to 872 units, and decreased 12.6% year-on-year.
Continue Reading • 16 Jul 2021
Residential sector dominates investment sales for Q2 2021
7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion.
Continue Reading • 14 Jul 2021
Geylang development up for collective sale for $27mil
Located at 8 Lorong 35 Geylang, the eight-storey Baode Building is a residential development that is going for $27 million.
Continue Reading • 14 Jul 2021
Property agent pleads guilty to instigating another agent to backdate Option to Purchase
By illegally backdating the Option to Purchase, the buyers were able to pay 10% Additional Buyer's Stamp Duty, instead of 15%, effectively evading $69,000 in stamp duty fees.
Continue Reading • 13 Jul 2021
More buyers looking for bigger homes since end of circuit breaker
In 2020, the number of resold executive HDB units increased by 12.8% year-on-year to 1,882 units and the number of resold five-room flats climbed 10.3% year-on-year to 5,984.
Continue Reading • 29 Jun 2021
Ethnic Integration Policy for public housing—a ‘direct and real’ financial burden for minorities
The Ethnic Integration Policy for public housing states minorities can only sell to another minority member, should the majority race quota been met, limiting the opportunity to sell their flats.
Continue Reading • 28 Jun 2021
Resale private home transactions rose 6.5% in Q1
4,607 units were sold during the first quarter of 2021, with demand likely spurred on due to COVID-19 construction delays.
Continue Reading • 18 Jun 2021
Two residential sites at Slim Barracks Rise launched for sale
Two 99-year leasehold tenure sites at Slim Barracks Rise are zoned for residential with commercial at first storey, and can yield around 405 housing units altogether.
Continue Reading • 16 Jun 2021
Freehold site along Lorong J Telok Kurau Road on sale for $30.6mil
The freehold site along Lorong J Telok Kurau Road has an area of 23,579 sq ft and an indicative price of $30.6million.
Continue Reading • 15 Jun 2021
Tengah Garden Walk EC site awarded for $400.3mil
The Tengah Garden Walk EC site will have 12 blocks of up to 14 storeys built on it, with around 620 EC units being put up.
Continue Reading • 4 Jun 2021
Record 43.3 applicants vie for each four-room BTO flat in Bukit Merah
Located along Telok Blangah Drive, 430 applicants vied for the May 2021 Telok Blangah Beacon BTO units, with 4-room flats priced from $602,000 excluding grants.
Continue Reading • 1 Jun 2021
En bloc sales creating environmental problems?
With en bloc sales picking up and like to come back in 2021, questions surrounding sustainability and the environmental cost of tearing down a building before the tenure of the land is up arise.
Continue Reading • 31 May 2021
CDL sees signs of operational improvements in Q1 2021
In the first quarter of 2021, CDL and its joint venture associates sold 319 units, with a total sales value of S$513.6 million, up 72% from one year ago.
Continue Reading • 20 May 2021