Freehold site in Serangoon up for auction
A freehold re-development site measuring 8,666 sq ft at 13 Brighton Crescent in Serangoon is up for auction.
Continue Reading • 10 Sep 2014
Home prices may drop 20% by 2016: report
Home prices in Singapore could fall by 20 percent between 2014 and 2016, according to a Bank of America Merrill Lynch (BOAML) report.
Continue Reading • 10 Sep 2014
More launches expected in coming months
Developers are expected to launch more private residential projects in September and October.
Continue Reading • 8 Sep 2014
Tycoon spends $70 million on Grange Infinite units
Indonesian magnate and philanthropist Tahir has acquired 12 units at the 36-storey Grange Infinite condominium in District 10 for more than $70 million.
Continue Reading • 5 Sep 2014
Sales at Highline Residences could start next week
Keppel Land's Highline Residences in Tiong Bahru is expected to launch on 13 September at around $2,000 psf.
Continue Reading • 4 Sep 2014
Bidadari to get first underground bus interchange
The upcoming HDB estate in Bidadari will house the first underground air-conditioned bus interchange in Singapore.
Continue Reading • 2 Sep 2014
Thomson-East Coast Line to boost home prices by 10%
The capital values of new and existing residential projects along the upcoming Thomson-East Coast Line (TEL) could increase by up to 10 percent once it is completed.
Continue Reading • 2 Sep 2014
Five-room flats will not qualify for Lease Buyback Scheme
The Lease Buyback Scheme (LBS) was not extended to bigger flats like five-room flats said Deputy Prime Minister Teo Chee Hean.
Continue Reading • 1 Sep 2014
Why the lack of en bloc sites this year?
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
FIABCI celebrates the best real estate projects in S'pore
The FIABCI Singapore Property Awards 2014 honoured the best residential and commercial properties in Singapore.
Continue Reading • 31 Aug 2014
August's numbers unlikely to improve
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...
Continue Reading • 30 Aug 2014
Exciting plans to be carried out at a measured pace
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
Resale private home prices down 0.3% in July: SPRI
Resale prices of completed non-landed private homes in Singapore dropped 0.3 percent in July compared to June.
Continue Reading • 29 Aug 2014
Sim Lian records slight revenue dip
Sim Lian Group posted a four-percent drop in its revenue for FY2014, registering $714.7 million from $742.2 million a year ago.
Continue Reading • 29 Aug 2014
Developers consult residents on upcoming projects
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 instead...
Continue Reading • 28 Aug 2014
Residual demand remains low
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
More foreigners turn their backs on S'pore luxury property
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 up...
Continue Reading • 27 Aug 2014
Singaporeans overtake share of private home purchases
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
Activity in GCB market picks up
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 to...
Continue Reading • 26 Aug 2014
Seniors worry about outliving lease
The Pioneer Generation Joint Committee could look into the Lease Buyback Scheme in order to fine-tune this monetisation option and provide more clarity on its rules, according to media reports. Under the scheme, seniors may sell the lease of their HDB flat to the government, while keeping the...
Continue Reading • 25 Aug 2014