75% of Lentor Mansion Sold Over Launch Weekend, Majority of Renters Find Home Rents Unaffordable, and More

Lentor Mansion sold 400 units or 75% of its total units during its launch weekend. Meanwhile, a recent survey conducted by PropertyGuru revealed that a large majority of renters in Singapore, find current rental prices too high.

Continue Reading18 Mar 2024

HDB To Offer 962 Punggol BTO Flats in February Sales Exercise, Budget 2024: ABSD Refund for Single Singaporean Seniors and More

After more than four years, the Housing and Development Board (HDB) will launch the first Build-to-Order (BTO) project in Punggol – Matilda Riverside – in its February sales exercise. More news on Budget 2024.

Continue Reading19 Feb 2024

PropertyGuru Calls for Reduction of 15-Month Wait Period, Tweak ABSD, Property Tax Revenue To Increase $600 Million in 2024 and More

In its budget wish list 2024, PropertyGuru has urged the government to reduce the 15-month wait for private property downgraders and withhold the Additional Buyer’s Stamp Duty (ABSD) for Singaporean families.

Continue Reading13 Feb 2024

The Arcady and Hillhaven Sell 51 and 59 of their Units Over Launch Weekend, Fewer HDB Resale Flat Buyers Paid COV in 2023, Respectively, and More

16 to 22 January 2024 Hillhaven and The Arcady at Boon Keng sold over 50 units during their launch over the weekend. Meanwhile, fewer buyers of resale HDB flats paid cash over valuation (COV) last year, at only 15% over the last three months of 2023.   1. Hillhaven sells 59 units over its...

Continue Reading23 Jan 2024

Lumina Grand EC and Hillhaven Preview Over the Weekend, RTS Link Singapore Achieves 65% Completion, and More

Lumina Grand EC and Hillhaven launched for preview over the weekend. In the meantime, the RTS Link Singapore has just surpassed 65% construction.

Continue Reading15 Jan 2024

Pearl's Hill BTO Flats May Launch as Prime Flats, HDB HFE Letter Validity Extended From 6 to 9 Months, and More

Property analysts expect the public housing to be constructed at Pearl’s Hill and potentially at Bukit Timah Turf City to be categorised as Prime flats, the priciest of public housing categories.

Continue Reading6 Nov 2023

Tampines EC Site Awarded to Sim Lian, HDB Awards Ceremony 2023, Low October 2023 BTO Application Rates, and More

BTO Oct 2023 application rates were low. In the meantime, some residents at Tengah are facing long walks through dusty construction sites due to low transport options in the area.

Continue Reading16 Oct 2023

Around 1,900 Choa Chu Kang October 2023 BTO Flats to be Launched, An Altura EC Unit Sets New Price Record of $1,585 PSF, and More

Altura, an EC, has sold a 980 sq ft unit for $1.55 million, which works out to a record price for an EC. Meanwhile, HDB will launch around 1,900 BTO flats across two projects in Choa Chu Kang in the upcoming October 2023 BTO launch.

Continue Reading2 Oct 2023

Bukit Panjang Sees First Million-dollar HDB Resale Flat, Many Singaporeans Support Longer MOP, and More

Bukit Panjang recently recorded its first million-dollar HDB resale flat transaction. Meanwhile, Minister of National Development Mr Desmond Lee weighs in on the HDB flat reclassifications, announced during the National Day Rally 2023 speech.

Continue Reading25 Sep 2023

Altura EC Sold 88% of its Units After Second-timer Balloting, New Private Home Sales Plunge 72.1% in August 2023, and More

Altura, an EC saw 95 units snapped up during its second-timer balloting event, bringing its overall take-up rate to 88%. Meanwhile, new private home sales, excluding ECs, fell 72.1% to 394 units month-on-month (MoM) in August 2023.

Continue Reading18 Sep 2023

Land Betterment Charge for Non-landed Residential Use Slashed, Orchard Retail Rent to Rise 6% in 2023, and More

The Land Betterment Charge (LBC) rates are now cut for non-landed residential use and increased for commercial and hotel use. Meanwhile, retail rents at Orchard Road are forecasted to increase by up to 6% year-on-year (YoY) in 2023.

Continue Reading4 Sep 2023

HDB Plus Flat Owner Rental Restrictions, First-timer Families Will Enjoy Priority for Standard BTO Flats, and More

The HDB Plus flat model will come with income ceiling and rental restrictions. Meanwhile, SLA and URA have launched a tender to transform the former Bukit Timah Fire Station into a community hub.

Continue Reading28 Aug 2023

TMW Maxwell, The Arden, and Orchard Sophia Launch Over the Weekend, and More

Three Q3 2023 major new condos – TMW Maxwell, The Arden, and Orchard Sophia – launched over the weekend. Meanwhile, ahead of Prime Minister Lee Hsien Loong's National Day Rally 2023 speech, property experts predict the announcements he could make.

Continue Reading14 Aug 2023

Altura EC and The LakeGarden Residences Sell 61% and 23% of Units Over Launch Weekend, Respectively, and More

Altura, an executive condominium (EC), and The LakeGarden Residences, sold 61% and 23% of their units over the weekend, respectively.

Continue Reading7 Aug 2023

TMW Maxwell, Orchard Sophia, and The Arden Preview Over the Weekend, August BTO 2023 Launch Postponed to September 2023, and More

TMW Maxwell, Orchard Sophia, and The Arden previewed over the weekend. Meanwhile, HDB has pushed back the August BTO 2023 launch to end-September 2023.

Continue Reading31 Jul 2023

Black and White Houses May See Longer Leases, Lentor Hills Residences and The Myst Launch Over the Weekend, and More

Lentor Hills Residences sold 298 units or about 50% of its 598 units at an average price of $2,080 PSF over its launch weekend. Meanwhile, The Myst sold 27% of its 408 units at an average price of $2,057 PSF during its launch over the weekend.

Continue Reading10 Jul 2023

Pinetree Hill Preview Prices From $2,236 PSF, Kingsford Emerges As Top Bidder for Marina Gardens Lane GLS Site, and More

Pinetree Hill launched for preview on 29 June 2023, with prices starting from $2,236 PSF. Meanwhile, the Marina Gardens Lane GLS site closed with a winning bid of $1.034 billion, which totals $1401.51 PSF ppr.

Continue Reading3 Jul 2023

The Myst and Lendor Hills Residences Opened For Preview on 24 June 2023, Tiong Bahru HDB Resale Flat Sold for Record $1.5 million, and More

The Myst and Lentor Hills Residences opened for preview on 24 June 2023. The Myst saw unit prices ranging between $998,000 and $3.18 million, while Lentor Hills Residences saw unit prices ranging from $940,000 and $2.642 million.

Continue Reading26 Jun 2023

Condo Buyer Suffered $30,000 Loss for Backing Out of Blossoms By The Park Deal, HDB Wants to Rezone 6 Sites, and More

1,038 private homes were sold in May 2023, marking its fifth consecutive month-on-month (MoM) increase. Meanwhile, HDB eyes doubling the supply of HDB flats under the Parenthood Provisional Housing Scheme (PPHS) to 4,000 in the next two years.

Continue Reading19 Jun 2023

The Reserve Residences Sells 71% of Units at an Average of $2,460 PSF, May 2023 BTO Exercise Launches Tomorrow, and More

The Reserve Residences sold 71% of its total units at an average price of $2,460 PSF over the weekend. Meanwhile, why are buyers continuing to snatch up private properties after the April 2023 property cooling measures?

Continue Reading29 May 2023