Some developers offering discounts of up to 30%
To avoid paying hefty extension charges, some developers are resorting to big discounts and creative marketing schemes to move units at various high-end residential projects, said media reports...
Continue Reading • 13 Jun 2016
Developers told to stick to rules when offering incentives
The Urban Redevelopment Authority (URA) has reminded property developers to comply with the rules when offering buyers incentives, media reports said...
Continue Reading • 9 Jun 2016
Developer sales down 36.2% from year ago
New private home sales in Singapore, excluding ECs, fell by 11.6 percent to 745 units in April 2016, compared to the 843 units sold in the previous month, according to the latest URA data...
Continue Reading • 16 May 2016
Singapore property developer sentiment still bleak in Q1: survey
Property developers remain pessimistic over the current state of the residential market and its outlook, according to the latest NUS-Redas Real Estate Sentiment Index, said media reports...
Continue Reading • 9 May 2016
Private home prices down 0.7% in Q1
Prices of private residential properties in Singapore fell by 0.7 percent in the first quarter of 2016, compared to the 0.5 percent decline in the previous quarter, according to complete URA data...
Continue Reading • 22 Apr 2016
Developers confident of disposing units before ABSD deadline
Some developers in Singapore are optimistic they can sell all the remaining units in their private residential projects before the stipulated deadline, even if they don’t offer huge discounts...
Continue Reading • 21 Mar 2016
Home price drop of over 20% unlikely, say experts
Analysts believe that private residential prices will continue to fall this year and into 2017, but the rate of decline is unlikely to exceed 20 percent, media reports said...
Continue Reading • 11 Mar 2016
URA revises rules for property developers
In a bid to promote accountability and protect the interests of home buyers, the URA recently revised the criteria for issuing sales licences for home builders...
Continue Reading • 10 Mar 2016
Singapore's richest property developers are now poorer: Forbes
Forbes has just released its 2016 ranking of the world’s richest people, with 17 billionaires from Singapore making it on the prestigious list. Property developers are among the wealthiest...
Continue Reading • 3 Mar 2016
No respite from mounting extension charges for developers
Property developers forked out $24.9 million in extension fees last year for failing to dispose of all the residential units in their developments within a certain period...
Continue Reading • 3 Mar 2016
Home buying momentum remains despite slower sales
Sales of new private homes in Singapore fell 16 percent to 322 units in January this year from the 384 units sold in December 2015, according to URA data...
Continue Reading • 16 Feb 2016
Developers cut prices as ABSD deadline looms
Under the ABSD rules, developers are given five years within which to complete a housing project and sell all units, otherwise they incur a penalty...
Continue Reading • 20 Jan 2016
Nearly 50% drop in Dec home sales
Property developers sold fewer homes last month due to weak market conditions and the year-end festive period which put buyers off...
Continue Reading • 15 Jan 2016
New rules for developers
Tighter rules for condo showflats to ensure more transparency in the housing market...
Continue Reading • 29 Sept 2015
New home sales down 69% in August
A combination of the Hungry Ghost Festival and fewer project launches last month contributed to the drop in sales...
Continue Reading • 15 Sept 2015
Thai property market hit by recent bombing
Developers in Thailand are set to postpone or scale down property launches in the coming months due to the deadly bomb blast in Bangkok recently...
Continue Reading • 1 Sept 2015
Developer sentiments still downbeat: survey
Majority of Singapore developers expect property market conditions to remain bearish for the rest of 2015...
Continue Reading • 5 Aug 2015
Property tycoons among Singapore's wealthiest
Singapore property tycoons top Forbes rich list...
Continue Reading • 24 Jul 2015
Calls to scrap DBSS flats
The Design Build and Sell Scheme was recently put under the spotlight after residents complained of various defects in their new units...
Continue Reading • 22 Jun 2015
Developer discounts now listed on URA website
A new nett price column has been added on the URA website showing the rebates and discounts for individual transactions...
Continue Reading • 8 Jun 2015