PropertyGuru FastKey powers Phoenix Residences launch
With PropertyGuru FastKey powering the launch of Phoenix Residences, the entire sales and booking process was digitised, eliminating cumbersome and error prone paperwork, said Jason Gregory, Managing Director of PropertyGuru FastKey.
Continue Reading • 17 Dec 2020
Community care apartments to fill a gap in housing market
Experts believe that the new housing model is expected to plug "the physical, cognitive or psychological needs of seniors” by providing a safer, stress-free environment for the elderly.
Continue Reading • 16 Dec 2020
New private home sales up 18.9% in November
The increase in private home sales comes on the back of new project launches by developers, with The Linq @ Beauty World emerging as the best-selling development for November.
Continue Reading • 16 Dec 2020
Opening of Thomson-East Coast Line’s second stage delayed to Q3 2021
This comes after a five-hour disruption of the line on 4 December, which was due to a signalling fault, prompted the authority to “more thoroughly” review the software of the system with the contractor.
Continue Reading • 15 Dec 2020
49 cases of fallen windows in first 11 months of 2020
Over half of the cases, at 32, involved casement windows, while 16 involved fallen sliding windows. One case involved louvre windows. No injuries were reported from these cases.
Continue Reading • 14 Dec 2020
BTO flats in prime areas may be further subsidised, but could face resale restrictions
In response to concerns of the “lottery effect” of public housing, Minister Desmond Lee noted that a “whole range” of ideas could be applied in the new housing model, including introducing restrictions to resale conditions for flats in prime estates.
Continue Reading • 14 Dec 2020
New HDB community care flats to receive good demand, analysts
Based on the oversubscription for two-room flexi flats in the recent launches, experts believe that there will be good demand for the new Community Care Apartments launching this February.
Continue Reading • 11 Dec 2020
Senior-friendly housing type to be launched in February BTO exercise
Community Care Apartments, which cannot be resold or rented out, is sold with a subscription to a mandatory basic care package, which include 24-hour emergency monitoring and response, simple home fixes and basic health checks.
Continue Reading • 11 Dec 2020
MAS survey: Economy to contract 6% this year, before rebounding 5.5% in 2021
A further deterioration in the COVID-19 pandemic continued to top the list of downside risks to the economy. It is followed by concerns on insufficient stimulus as well as the escalation in US-China trade tensions, noted CNA.
Continue Reading • 10 Dec 2020
PropertyGuru Asia Property Awards Grand Final winners revealed
The 15th PropertyGuru Asia Property Awards Grand Final, held as a virtual gala event, saw 87 companies from Southeast Asia, India, China, Hong Kong, Macau, Japan and Australia vying for 35 accolades.
Continue Reading • 9 Dec 2020
Freehold site at Mounbatten Road on sale for $13mil
Working out to around $1,199 per sq ft (psf) based on the property’s 10,839 sq ft land area, the site offers the flexibility to be redeveloped into various landed housing types such as a pair of bungalows or detached houses. Image: Google Street View
Continue Reading • 9 Dec 2020
143 Ki Residences units sold at $1,790 psf on average
Built near Holland Village lifestyle hub and Bukit Timah Road, Ki Residences occupies the site of the former Brookvale Park, which was sold en bloc for $530 million to a joint venture between Sunway Developments and Hoi Hup Realty in 2018.
Continue Reading • 8 Dec 2020
New NoMa Condominium to rise around Geylang homes as owners refuse to sell
Macly Group had wanted to buy all seven terraced homes in Geylang for the freehold project, but only managed to purchase five of the houses. Despite this, NoMa condo has sold 46 out of the 50 units as of 4 Dec. It is expected to be completed by 2023.
Continue Reading • 7 Dec 2020
Contractors struggle with manpower crunch as migrant workers are unable to return
Contractors are unable to renew work permits for employees who are overseas due to the currently-imposed limited entry approvals for work pass holders. BCA and MOM explained that the limit is aimed at reducing the risk of imported COVID-19 cases.
Continue Reading • 7 Dec 2020
Clementi HDB residents first to try out SingPost’s smart letterboxes
With PostPal, residents will no longer have to check their letterboxes periodically as it will notify them of mail delivery and the number of items that needs to be collected.
Continue Reading • 4 Dec 2020
HDB issues $600mil fixed rate notes
Rated by AAA Fitch Ratings, the notes come in $250,000 denominations, with a coupon of 1.3% per annum payable semi-annually in arrear. They are set to mature on 3 December 2035.
Continue Reading • 4 Dec 2020
Government "carefully calibrated" GLS supply for 1H 2021
Taking the current uncertainties into account, the government maintains "a moderate supply of private residential units", while refraining from introducing "new sites for predominantly commercial or hotel use" in the latest GLS Programme.
Continue Reading • 4 Dec 2020
Analysts suggest various measures to mitigate “lottery effect” of well-located HDB flats
In response to Minister Demond Lee's statement, suggestions such as imposing a shorter lease and a longer MOP have come into talks on how to make BTO prices within prime locations more affordable.
Continue Reading • 3 Dec 2020
Sophia Ville, Fair Haven sold for $62mil
The sale comes after more than 80% of the owners have agreed to the collective sale subject to complying several conditions.
Continue Reading • 3 Dec 2020
MAS advises Singaporeans to exercise prudence when buying property or taking up debt
The recovery in the labour market is expected to be drawn out. This comes as the economy’s uncertain outlook could have “dampening effects on income streams”, while the resident unemployment rate will likely “remain elevated” in 2021.
Continue Reading • 2 Dec 2020