Property Market Latest News

Redhill Close is currently missing Block 4 as it was reportedly demolished many years ago to make way for a road. Hawkins Road near Sembawang used to host Vietnamese refugees in the 1970s. More recently in 2005, the old National Library Building had to be torn down to build the Fort Canning...

Continue Reading • 1 Sept 2014

Not a single development was sold via the collective sale route in the first seven months of 2014, according to Colliers International’s latest white paper. The report attributed the stalemate in the residential collective sales market to the combination of factors such as a subdued private...

Continue Reading • 31 Aug 2014

With HDB flats and private property prices declining, it might be a good time to get your dream home and still have enough for retirement with proper planning...

Continue Reading • 31 Aug 2014

Following URA sales figures last months, analysts are expecting August to be a slow month as it is the hungry ghost month and home buyers tend to stay away from house-hunting. Christine Li, Research Head at OrangeTee, said, "Sales activities could pick up in September or October as a few large...

Continue Reading • 30 Aug 2014

Top 8 factors to consider when house hunting in Singapore...

Continue Reading • 30 Aug 2014

Although Singapore is expecting a slew of upcoming projects and developments, they are likely to be rolled out at a measured pace due to labour constraints, according to a recent report by DBS Vickers Securities. “With more contracts available, the onus is on construction companies to add to...

Continue Reading • 30 Aug 2014

The United World College South East Asia (UWCSEA)'s new High School building, under construction on Dover Campus, will feature some energy-efficient technology. Named the 3for2 concept, it allows developers to construct three floors within the standard space of two floors, without any impact...

Continue Reading • 30 Aug 2014

Weaker sentiment and the likelihood of further price drops will hamper sales volumes in the private housing market...

Continue Reading • 29 Aug 2014

Resale prices of completed non-landed private homes in Singapore dropped 0.3 percent in July compared to June.

Continue Reading • 29 Aug 2014

More HDB blocks are being fitted with solar panels and the number will grow from the current 176 to 300 blocks by the end of next year, National Development Minister Khaw Boon Wan said in a blog post. Aside from powering common services such as lifts and corridor lighting, the solar panels...

Continue Reading • 28 Aug 2014

Property players that have successfully acquired Government Land Sales (GLS) sites in predominantly residential areas are required to inform residents within a 100m radius about their upcoming project, based on new Urban Redevelopment Authority (URA) rules introduced in October 2013. But...

Continue Reading • 28 Aug 2014

Residual demand, which is the absorption of unsold housing units after stripping off demand from new launch or re-launches, has remained relatively stable with marginal improvement particularly in recent months, according to JLL. It said the effect of the Total Debt Servicing Ratio (TDSR) has...

Continue Reading • 28 Aug 2014

The proportion of more expensive private homes priced above the $2 million mark purchased by the top four groups of non-Singaporean buyers fell to 13 percent in H1 2014 compared to 21 percent in the six months before, said DTZ. According to the report, the top groups of non-Singaporeans buying...

Continue Reading • 27 Aug 2014

Following HDB's announcement in June that Tanglin Halt will be redeveloped under the Selective En bloc Redevelopment Scheme (SERS), several flats in the estate have entered the market commanding premium prices, according to media reports. For instance, PropNex agent Andy Azaly Suboh has been...

Continue Reading • 27 Aug 2014

A new Combined Heat and Power (CHP) pilot plant has been commissioned to harness waste heat and convert it to energy to power air-conditioning. The plant is funded by the A*STAR-Ministry of National Development (MND) Green Building Joint Grant call, with Building and Construction Authority...

Continue Reading • 27 Aug 2014

A new platform will be added to the Tanah Merah MRT station to help commuters travelling towards Expo and Changi Airport. With a third platform, there will be two tracks for the East-West Line and another two, heading to and from Changi Airport. With this, trains are expected to arrive and...

Continue Reading • 26 Aug 2014

Demand among HDB upgraders for non-landed private homes has risen slightly, with the proportion of buyers with public housing addresses increasing by three percentage points to 52 percent (1,842 units) in Q2 2014 from the previous quarter, revealed DTZ. Comparatively, buyers with private...

Continue Reading • 26 Aug 2014

Land prices across major Asian cities grew at a slower pace in the first six months of 2014, advancing by 4.9 and 2.9 percent for office and residential sites respectively, compared to 9.8 and 7.7 percent during the same period last year, according to Knight Frank.

Continue Reading • 26 Aug 2014

The share of private home purchases by Singaporeans increased to 74 percent in Q2 2014, according to a DTZ report, after falling for three consecutive quarters. Q1 2014 saw their share of private home purchases fell to 70 percent, the lowest ratio since Q4 2011. “As the share of private home...

Continue Reading • 26 Aug 2014

Following a quiet second quarter, Singapore’s Good Class Bungalow (GCB) market has seen some activity this quarter with at least five transactions, reported the media. Of these, the $35 million sale of an old bungalow located along Ridout Road was the biggest transaction. The price translates...

Continue Reading • 26 Aug 2014