Govt releases land for 7,550 homes in second half of 2016
The government on Wednesday (8 June) launched four confirmed list sites and 11 reserve list sites under the second half 2016 Government Land Sales (GLS) Programme...
Continue Reading • 8 Jun 2016
Harbour View Gardens up for collective sale at $34m
Harbour View Gardens in Pasir Panjang has once again been put up for collective sale at around $34 million, media reports said. Owners of 13 of 14 units agreed to the sale...
Continue Reading • 8 Jun 2016
Singapore property price correction attracts HK interest
Boutique property investment firm, Arch Capital Management, is looking at Singapore as its next investment target, as property correction here is faster than in Hong Kong, media reports said...
Continue Reading • 8 Jun 2016
Forested area to make way for new homes
A large part of a 30ha secondary forest will be cleared to make way for private homes within Teacher’s Estate, media reports said. The URA revealed that land preparation works for the new neighbourhood will start in Q3...
Continue Reading • 7 Jun 2016
Shunfu Ville sale fuels en bloc market
The $638 million collective sale of Shunfu Ville has stoked the interest of developers looking for potential redevelopment sites, as well as homeowners hoping to dispose their older properties, media reports said...
Continue Reading • 6 Jun 2016
Good class bungalow in Bukit Timah on sale for $29m
A GCB at Kingsmead Road in Bukit Timah is being sold for $29 million, or $1,065 psf. If the deal goes through, it would be the most expensive bungalow sold in nearly a year...
Continue Reading • 6 Jun 2016
Gay-friendly short-term rentals gaining popularity in Singapore
The debate about whether short-term rentals should be permitted in Singapore continues to make news, after a public consultation conducted by the URA provided no clear consensus on the issue...
Continue Reading • 3 Jun 2016
Mystery Singaporean who bought $5.5m island revealed
Media reports have revealed that the Singaporean businessman who bought Australia’s Waterhouse Island for nearly AU$5.5 million is none other than Fragrance Group’s founder...
Continue Reading • 3 Jun 2016
New URA website offers easier access to property information
The Urban Redevelopment Authority (URA) on Thursday, 2 May, launched a new website that allows consumers to search for information on property-related matters easily and for free...
Continue Reading • 3 Jun 2016
Developer’s map blunder sparks row with Indonesia
Following a Singapore-based developer’s map blunder, which gave the wrong impression that Indonesia’s Pulau Manis islands are part of the city-state, Jakarta announced on Wednesday (1 June) that the issue has been resolved...
Continue Reading • 2 Jun 2016
Drone invasion irks condo developer
The operation of drones in Singapore is in the spotlight once again, after an alleged incident involving one flying into the construction site of a condominium in Redhill raised serious concerns...
Continue Reading • 2 Jun 2016
More foreign workers in Singapore, but rents still falling
Even though more foreigners are coming to Singapore to work, rents of residential properties continue to fall further, according to media reports. The rental index has declined by roughly 10 percent since 2013,...
Continue Reading • 2 Jun 2016
Former property agent jailed, fined $100k for corruption
For bribing a development firm’s executive to get VIP access to a property launch, a former real estate agent was fined $100,000 and sentenced to imprisonment for 12 weeks, media reports said...
Continue Reading • 1 Jun 2016
Developers of Gem Residences forced to tweak triple-key units
The URA has instructed the developers of Gem Residences in Toa Payoh to build only one kitchen for each triple-key unit instead of three as shown in the sales brochure, media reports said...
Continue Reading • 31 May 2016
High demand for AMK, Bedok BTO flats
The results of the Housing Board’s latest Build-To-Order (BTO) sales exercise, which closed on Monday (30 May), shows that buyers still favour flats in mature estates, media reports said...
Continue Reading • 31 May 2016
Qingjian awarded Bukit Batok mixed-use site
A 99-year leasehold mixed-use site at Bukit Batok West Avenue 6 has been awarded to Qingjian Realty, the Urban Redevelopment Authority said on Monday, 30 May...
Continue Reading • 31 May 2016
Resale condo prices up 0.3% in April: NUS index
Prices of completed condos in Singapore rose by 0.3 percent in April 2016, after falling by 1.1 percent in the previous month, according to latest flash estimates of the NUS price index...
Continue Reading • 30 May 2016
Sales at Gem Residences lose sparkle
Despite selling close to 300 of its 578 units within four hours during a VIP sales booking last Friday (27 May), Gem Residences in Toa Payoh only sold about 15 units on the first weekend of sales,...
Continue Reading • 30 May 2016
Singapore developer makes history at property industry Oscars
Far East Organization is the first Singapore property developer to win two World Gold prizes in a single competition at the recent FIABCI World Prix d'Excellence Awards,...
Continue Reading • 30 May 2016
Car loan rules eased, property measures next?
The Monetary Authority of Singapore (MAS) this week raised the maximum loan-to-value (LTV) ratio for motor vehicles to 60 to 70 percent, from 50 to 60 percent previously...
Continue Reading • 28 May 2016