Developers bid more aggressively amid signs of housing market rebound
Spike in new home sales following an easing of property cooling measures saw more developers aggressively bidding at land auctions in Singapore
Continue Reading • 16 May 2017
Developers sold 1,555 private homes in April
Property developers sold 1,555 new private homes in April 2017, down 12.6 percent from 1,780 units a month earlier, according to URA data...
Continue Reading • 16 May 2017
UOL net attributable profit up 4% in Q1
UOL Group Limited saw its net profit increase by four percent to S$80.3 million in Q1 2017
Continue Reading • 15 May 2017
Property purchased for charity not subject to ABSD, court
High Court ruled that properties held by charitable purpose trust do not have “identifiable beneficial owners” for ABSD to apply and ordered the Commissioner of Stamp Duties to refund S$986,965 paid by the trustees of Chew How Teck Foundation
Continue Reading • 15 May 2017
Heeton posts 12.4% rise in Q1 revenue
Heeton Holdings Limited cautiously optimistic on the short term outlook for Singapore’s residential property market as its revenue increased by 12.4 percent to S$15.49 million in the first quarter of 2017
Continue Reading • 15 May 2017
Systra, Meinhardt bag design contracts for Singapore-KL HSR project
Systra and Meinhardt have been awarded two Reference Design Consultant (RDC) contracts by MyHSR Corporation, which is responsible for implementing the Singapore-Kuala Lumpur High Speed Rail.
Continue Reading • 12 May 2017
CDL posts 8.4% rise in Q1 revenue
City Developments Limited (CDL) recorded a revenue of SGD783.8 million in Q1 2017, up 8.4% from the SGD723.3 million in the same period a year ago
Continue Reading • 12 May 2017
URA unveils new occupancy cap
The Urban Redevelopment Authority (URA) has reduced its cap on allowable tenants for private properties from eight to six unrelated persons
Continue Reading • 12 May 2017
Shunfu Ville sale finally goes through
The collective sale of Shunfu Ville has finally received the green light, after the Court of Appeal dismissed the appeal lodged by objectors, media reports said...
Continue Reading • 11 May 2017
Developers tap VR tech to market projects
Property developers are making use of virtual reality (VR) technology to assist them in marketing their new projects, media reports said...
Continue Reading • 11 May 2017
Proportion of HDB flats down in 2016
While the number of HDB flats increased from 880,000 units in 2006 to 1.011 million units in 2016, the proportion of such flats out of the total housing stock fell from 78 percent to 73 percent
Continue Reading • 9 May 2017
New Futura to launch amid improved market sentiment
Property developer City Developments Limited (CDL) is gearing up to launch its New Futura condominium at Leonie Hill Road in prime District 9...
Continue Reading • 9 May 2017
Analysts expect more homes as sites revert back to the state
More homes expected in sought after areas such as Paterson Road and Tanglin Road as earmarked sites are returned to the government or placed temporarily for alternative uses
Continue Reading • 8 May 2017
One Tree Hill Gardens sold for $65m in first en bloc sale of 2017
One Tree Hill Gardens off Orchard Boulevard has been sold for $65 million to a subsidiary of Lum Chang Group, said Knight Frank on Friday...
Continue Reading • 8 May 2017
Vast majority of HDB flats not qualified for SERS
Most public housing are not eligible for the Selective En Bloc Redevelopment Scheme (SERS)
Continue Reading • 5 May 2017
Views wanted on proposed changes to Property Tax Act
The Ministry of Finance (MOF) is inviting the public to provide feedback on proposed changes to the Property Tax Act. The three amendments...
Continue Reading • 5 May 2017
CDL awarded Tampines condo site
Bellevue Properties, a unit of City Developments Limited (CDL), beat eight other bidders to win the tender for a residential site at Tampines...
Continue Reading • 4 May 2017
More first-timers turn to the resale market
One in five first-time buyers of Housing Board homes preferred a resale unit over a Build-To-Order (BTO) unit last year
Continue Reading • 3 May 2017
Pasir Ris to get 2,000 new HDB flats
Under the Remaking Our Heartland (ROH) programme, residents of Pasir Ris to get about 2,000 new HDB flats and a new mixed-use project at the town centre
Continue Reading • 2 May 2017
Sentosa Cove properties no longer profitable?
Properties in Sentosa Cove no longer guarantee profit for their wealthy owners as 16 of the 30 transactions registered over the last 12 months suffered losses
Continue Reading • 2 May 2017