Clementi Forest to retain residential zoning
The site came under the spotlight after a drone footage of its green space went viral in October and a petition was started seeking for the area’s conservation as a nature park.
Continue Reading • 6 Jan 2021
Vacancy rate for rent in private residential market to rise up to 9% this year
Residential landlords are advised not to rely on the expansion of Chinese tech firms in Singapore to fill the growing number of empty homes, as experts believe that it is still too early to predict how many foreigners they will bring here.
Continue Reading • 5 Jan 2021
Singapore’s economy contracted 3.8% in Q4, 5.8% in 2020
On a seasonally-adjusted basis, the economy grew 2.1%, after expanding 9.5% in Q3 2020.
Continue Reading • 5 Jan 2021
Private residential prices up 2.1% in Q4, 2.2% in 2020
Looking ahead to 2021, overall private home prices is expected to rise by 1% to 4%, while new home prices may increase at a faster pace of between 2% and 5%, says Christine Sun, Head of Research and Consultancy at OrangeTee and Tie.
Continue Reading • 5 Jan 2021
KL-Singapore HSR termination: a chance for govt to re-examine Jurong plans
Experts see this as an opportunity for Singapore to review its plans for Jurong as a second CBD amid the changing work culture in a post-COVID-19, climate-changing world.
Continue Reading • 4 Jan 2021
940,000 HDB households to receive U-Save rebates this month
Of these, around 155,000 larger families will enjoy 2.5 times their regular U-Save rebates in the financial year 2020.
Continue Reading • 4 Jan 2021
HDB resale prices up 2.9% in Q4, 4.8% for entire 2020
HDB added that it will release the RPI for the entire quarter, along with the more detailed public housing data, on 22 January.
Continue Reading • 4 Jan 2021
Normanton Park to open for preview this Saturday
The development features 1,840 one- to five-bedroom units and penthouses spread across nine 24-storey towers.
Continue Reading • 31 Dec 2020
First Smart-Enabled HDB Homes in Punggol Northshore Completed
Over 1,400 residents at Punggol Northshore Residences I and II will enjoy the benefit of smart home living.
Continue Reading • 31 Dec 2020
Chip Eng Seng clinches $32.9mil upgrading contract from HDB
Chip Eng Seng Corporation’s wholly-owned unit, CES Engineering & Construction, has been awarded a $32.9 million contract by the Housing and Development Board (HDB).
Continue Reading • 30 Dec 2020
HDB gives out 35 design, construction and engineering awards this year
HDB revealed that 17 projects were conferred the HDB Design Awards, which is the highest number to date.
Continue Reading • 29 Dec 2020
GCB transaction volume, prices to increase in 2021
Demand for GCBs is expected to increase next year.
Continue Reading • 28 Dec 2020
Keppel Land China in joint venture to acquire stake in Shanghai residential site
The joint venture is in line with the strategy of Keppel Land China to deepen its presence in Shanghai, which is one of its focus cities in China.
Continue Reading • 24 Dec 2020
Housing market demand to remain resilient next year
The property market ‘roared back to life’ following the end of the circuit breaker period in June, and the buying sentiment is expected to improve further on the back of growing vaccine optimism, says OrangeTee.
Continue Reading • 23 Dec 2020
OCBC first bank to extend SORA-linked home loans
OCBC emerged as the first bank to offer home loans that are based on SORA as SIBOR and SOR are set to be discontinued in a few years.
Continue Reading • 23 Dec 2020
HDB to launch 17,000 BTO flats next year
Expected to be similar to what was launched this year, there will be a good mix of flats available in mature and non-mature estates. The upcoming developments will incorporate features under the new “Designing for Life” Roadmap.
Continue Reading • 22 Dec 2020
Property investment market to rebound next year
2020 sees the lowest investment sales volume since the 2009 financial crisis. CBRE Research assures that Singapore's investment market "has always been resilient", as proven by past cycles in its ability to recover strong from "crisis situations".
Continue Reading • 22 Dec 2020
Analysts see possible en bloc market revival in 2021
There were only two collective sales deals registered this year: Yuen Sing Mansion in Geylang which was transacted in August, and adjoining sites Fairhaven and Sophia Ville were sold early this month.
Continue Reading • 21 Dec 2020
Rising material and freight cost amongst growing woes for construction firms
The construction sectors’ problems have also affected home owners as their home renovation bills climb by about 10% to 15%. Homeowners are expected to be prepared for longer renovation periods, given the lack of building materials and workers.
Continue Reading • 18 Dec 2020
Keppel clinches multiple awards from BCA this year
One of the notable award received by Keppel Land this year for its Singapore projects include the BCA Universal Design Mark Gold (Design) Award for The Garden Residences.
Continue Reading • 17 Dec 2020