Govt to explore easier ways for seniors to monetise flats
The government is looking into ways to make it easier for retirees to monetise their flats, Prime Minister Lee Hsien Loong said in his National Day Message on 8 August. Acknowledging Singapore’s ageing population, PM Lee said seniors need to be assured they can retire happily, and most of them...
Continue Reading • 11 Aug 2014
Price drops may continue for 12-18 months
With private home prices falling by just two to three percent in H2 2014, it could take another 12 to 18 months of price drops before the government may consider recalling some of its existing property cooling measures, said Steve Melhuish, CEO and Founder of PropertyGuru, in media reports....
Continue Reading • 11 Aug 2014
Singapore's future population still uncertain: Chan Chun Sing
The numbers of six million and 10 million have been floated around whenever the discussions turn to Singapore's possible population size, said media reports. However, Social and Family Development Minister Chan Chun Sing put forward another potential figure: a population of below four million....
Continue Reading • 11 Aug 2014
ERA celebrates National Day
Property agency sets new Singapore record. Singapore's largest property agency celebrated the nation's 49th birthday last Tuesday with a day of fun. Some 1,200 people including ERA teammates, salespersons, guests and industry partners attended the grand celebration at Toa Payoh stadium,...
Continue Reading • 11 Aug 2014
Sengkang residential sites awarded to consortium
The consortium comprising CEL Development and Unique Residence has been awarded the tenders for two residential sites at Fernvale Road. The developers submitted the highest bid of $234.9 million and $252.1 million for Parcel A and Parcel B respectively. The residential sites were launched...
Continue Reading • 11 Aug 2014
Renting may increase school admission chances
Parents in search for a home near a school of their choice may not need buy within the neighbourhood in order to increase their children's chance of being accepted. Sometimes, it would be better to just rent the property, according to a commentary in the media. The distance of one's home to a...
Continue Reading • 8 Aug 2014
Eye on Orchard: The cream of the residential crop
There's more to Orchard Road than retail therapy and tourism, as Muneerah Bee explores. While Orchard is known as the shopping mecca of Singapore, housing areas are also nestled in the area. In fact, as early as the 1860s, Orchard Road had a great number of private houses and bungalows on...
Continue Reading • 8 Aug 2014
EcoHouse closes its SG office
EXCLUSIVE: The Singapore offices of Brazil social housing developer EcoHouse have closed. The units at Suntec Tower 2 were opened by the company in February 2013 with a series of events for its Singapore-based investors. In 2012 the company is reported to have sold more than 1,200 individual...
Continue Reading • 7 Aug 2014
Jervois Road GCB sold for $18.8m
City Developments Limited (CDL)’s Chief Investment Officer Sherman Kwek has acquired a Good Class Bungalow (GCB) located near the junction of Jervois Road and Tanglin Road for $18.8 million, according to media reports.
Continue Reading • 7 Aug 2014
Singapore's prime prices dip 7.7%
Prime residential prices across the cities on Knight Frank’s latest Prime Global Cities Index rose by 6.2 percent on average in the year to June 2014. However, Singapore is listed at the bottom of the list of 32 cities as its prime prices dropped 7.7 percent in June 2014 from June 2013....
Continue Reading • 7 Aug 2014
Developers submit top bids for two Sengkang sites
UPDATED: The tender for the two residential sites at Fernvale Road has closed, the Urban Redevelopment Authority (URA) said today. Parcel A received four bids with CEL Development and Unique Residence jointly submitting the highest bid of $234.9 million. The same pair of developers also...
Continue Reading • 7 Aug 2014
Toa Payoh set for a makeover
Toa Payoh is poised to change its image as one of Singapore’s oldest housing estates as more land within the area are earmarked for new homes, reported the media.While Housing Board flats are among the priciest in the township, its Build-to-Order (BTO) units received overwhelming interest...
Continue Reading • 5 Aug 2014
Yishun to undergo massive transformation
Northpoint City, an upcoming integrated development by Frasers Centrepoint in Nee Soon, will breathe a new lease of life into the district. The mega project will include the largest mall in northern Singapore, a residential development North Park Residences, the first Community Club to be located...
Continue Reading • 5 Aug 2014
Woodlands Central to have new retail and food complex
Woodlands Central will serve as one of the business hubs outside the city, featuring its own retail and food complex by 2017, reported the media.A joint development by HDB and the National Environment Agency (NEA), the $31.1 million project will be built in the open space next to Woodlands Sports...
Continue Reading • 5 Aug 2014
Eye on Kampong Glam: A New Living Heritage
Muneerah Bee discovers how a district better known for embodying Singapore’s rich heritage is increasingly welcoming more residential developments. While Kampong Glam is better known as a cultural and historical zone, its excellent location on the outskirts of the city centre is drawing...
Continue Reading • 1 Aug 2014
Property market outlook remains positive amid price declines
Singapore’s property market outlook remains positive in the longer term, even as residential prices are expected to decline by 10 to 15 percent over the next two years, said industry watchers at the Real Estate Developers' Association of Singapore (Redas) property market update seminar as...
Continue Reading • 1 Aug 2014
Plan for a population of 10 million: ex-HDB head
It is necessary for the city-state to look beyond the White Paper’s population projection of 6.9 million by 2030 and plan for a higher figure of 10 million, according to Liu Thai Ker, who is widely regarded as the architect of modern Singapore.The 6.9 million forecast is an interim figure...
Continue Reading • 1 Aug 2014
Chinese firm to revamp Bottle Tree Park
Yishun’s Bottle Tree Park is set to close next month, after its current management was outbid by a Chinese firm, which plans to turn the seven hectare site into a leisure park with more F&B options and activities like fishing and camping, according to media reports.“The project...
Continue Reading • 31 Jul 2014
Prices of semi-Ds reach historic high
Semi-detached home prices hit a record high in Q2 2014, defying the trend in the private residential market, according to the latest data from the Urban Redevelopment Authority (URA) reported in the media.In the second quarter, prices of semi-Ds rose 4.2 percent compared to the previous quarter....
Continue Reading • 30 Jul 2014
Majority of unsold units located in central areas
The possibility of a surplus of private homes as well as a poor rental market are keeping home seekers from purchasing completed homes, particularly in the city centre, reported the media.Notably, majority of the unsold units at completed developments in Singapore are located in upmarket...
Continue Reading • 30 Jul 2014