HDB deficit increases to $2 billion in 2019
HDB saw its annual deficit rise to nearly $2 billion, due to a combination of fewer flat sales, disbursement of CPF housing grants, as well as the expected loss of flats under development.
Continue Reading • 24 Oct 2019
Delta-shaped site at 62 Florence Road for sale for S$13.5m
The unique delta-shaped site is zoned Residential under the 2019 Draft Master Plan and has a land area of around 15,871 sq ft with a 1.4 plot ratio.
Continue Reading • 23 Oct 2019
Residential investment sales surge 90.1% in Q3
However, residential investment sales for this year is expected to fall 55 percent from last year’s record level, due to a weaker en bloc market.
Continue Reading • 18 Oct 2019
Nassim Road GCB for sale for $175m
The two-storey bungalow has a total floor area of about 13,839 sq ft and is a mere five-minute walk to the Botanic Gardens, and is a 10-minute drive to the CBD. Image source: CBRE
Continue Reading • 17 Oct 2019
Small and expensive: This is what Singaporeans think of local property
While a majority of Singaporeans say that property prices are too expensive, most still say that they have high purchasing power, based on the latest survey by PropertyGuru.
Continue Reading • 17 Oct 2019
New home sales hit a 14-month high in September
Developers sold 1,270 private homes in September, driven by several new launches, including Avenue South Residence, which sold 361 units.
Continue Reading • 16 Oct 2019
Freehold, two-storey house at Neil Road for sale for S$4.8m
The freehold property sits on a land area of around 3,193 sq ft with a gross floor area of about 4,813 sq ft, and is accessible by several MRT stations.
Continue Reading • 16 Oct 2019
Midwood to open for preview this Saturday
Hong Leong Holding's 99-year leasehold development in the Bukit Timah area comprises of one- to four-bedroom units ranging between 484 sq ft and 1,259 sq ft.
Continue Reading • 16 Oct 2019
SLB reports S$1.9m profit for 1Q 2020
The Group’s residential projects, Affinity @ Serangoon and Riverfront Residences are seeing steady sales, with T-Space @ Tampines receiving strong reception.
Continue Reading • 15 Oct 2019
Shrinking household size requires 300,000 homes to be built in 10 years
This comes as the average household size continue to contract, resulting in smaller average sizes of new private houses.
Continue Reading • 14 Oct 2019
Government to pour in over $1b into upgrading private, public estates
Meanwhile, the government will also upgrade 55,000 HDB flats under the second round of the Home Improvement Programme (HIP), which is set to start from next year onwards.
Continue Reading • 14 Oct 2019
NEU at Novena to open for preview with units priced from $1.35m
The prime district 11 development features 87 residential units, ranging from two- to four-bedder apartments. There will also be dual key three-bedroom units for multi-generational families and investors.
Continue Reading • 11 Oct 2019
China drives sales of Singapore’s luxury apartment market
Mainland Chinese nationals bought 97 of the 315 units at Singapore's core central region in the first nine months of 2019.
Continue Reading • 11 Oct 2019
Hike in private home prices does not allude to a buoyant market
Experts at Edmund Tie & Company noted that higher land prices, declining average sell-down rates and compressing developer’s margin show that the market isn't as 'buoyant' like it appears.
Continue Reading • 11 Oct 2019
Singapore housing market remains in fair-valued zone
Singapore was cited as the country with the most improved housing market with regard to affordability. Property prices have stagnated and there are lesser transactions.
Continue Reading • 9 Oct 2019
Yarwood Avenue GCB to enter the market again with $23m price
The two-storey bungalow comes with five en suite bedrooms, a basement, sheltered terraces, a car porch, a landscaped garden, a koi pond and a swimming pool.
Continue Reading • 9 Oct 2019
Non-landed private resale home transactions drop 1.5% in September
OrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over the previous years.
Continue Reading • 9 Oct 2019
MND responds to queries on HDB rental flats applications
The MND stressed that with HDB soon embarking on redevelopment plans for many of the older blocks.
Continue Reading • 8 Oct 2019
More Singapore homeowners defaulting on mortgages
For the first half of 2019, there were 213 cases of mortgagee sales, compared with 258 for the whole of 2018. The figures are more than double the 123 mortgagee sales registered in 2014.
Continue Reading • 7 Oct 2019
The 9th PropertyGuru Asia Property Awards (Singapore) honours established and boutique developers
Established in 2011, the PropertyGuru Asia Property Awards (Singapore) is a highly-regarded accolade with every stage of its judging process being supervised by third-party BDO, one of the world’s largest networks of auditing and accounting firms.
Continue Reading • 5 Oct 2019