Sales in prime non-landed, landed homes market up in H1 2021
In the first half of 2021, 245 non-landed residential units sold for a total of $2 billion, while 403 landed homes above $5 million were sold for a total of about $4.3 billion.
Continue Reading • 3 Aug 2021
Demand for BTO flats in Dover Forest expected to be high
Prices for the BTO flats in Dover Forest is expected to be close to the launch price of the Bukit Merah BTO exercise in May 2021, with 4-room flats starting around $600,000 to $700,000.
Continue Reading • 2 Aug 2021
DBSS flat in Bishan sold for record $1.295mil
The previous record for an HDB resale unit was set in June, when a 49-year old terraced house in Whampoa was sold for $1.268 million.
Continue Reading • 2 Aug 2021
Development plans for Ulu Pandan has been revised, says HDB
The eastern half of Ulu Pandan will be developed, with five hectares of greenery set aside for park and recreational use; plans for the western half will be reviewed again in about 10 years’ time.
Continue Reading • 30 Jul 2021
Lentor Central site awarded to GuocoLand
The Lentor Central site will be redeveloped into a mixed-use development, with 600 residential units and more than 96,000 sq ft of commercial, food and beverage and retail spaces.
Continue Reading • 30 Jul 2021
Auction success rate to exceed 5% this year
The auction success rate was at 6.5% in Q2 2021, with 13 properties, with a gross value of $36.9 million, being sold.
Continue Reading • 29 Jul 2021
Flynn Park makes second attempt at collective sale
Located at 18-22 Yew Siang Road, the 72-unit condominium is up for sale via public tender with a reserve price of $365 million.
Continue Reading • 29 Jul 2021
Proportion of flats under Married Child Priority Scheme cannot be increased, says MND
A third of new flats located in mature estates are already set aside for the Married Child Priority Scheme.
Continue Reading • 28 Jul 2021
More Malay households living in one-, two-room flats
Some reasons explaining why more Malay households were living in smaller flats included young families who needed interim housing while trying to acquire their own flat or families who have financial difficulties.
Continue Reading • 28 Jul 2021
Any potential measure to reduce EIP’s economic impact should apply to all races
With more HDB flat sellers from minority groups coming forward to appeal the EIP, the Ministry of National Development is carefully studying the situation.
Continue Reading • 27 Jul 2021
Higher construction costs not to be passed down to flat buyers
These higher construction costs stem from factors such as increased manpower costs and reduced productivity due to having to implement safe management measures.
Continue Reading • 27 Jul 2021
HDB to launch over 17,000 BTO flats next year, says Desmond Lee
Despite construction delays brought on by the COVID-19 pandemic, HDB is set to launch at least 17,000 BTO flats in 2022.
Continue Reading • 27 Jul 2021
‘Clustering’ in some neighbourhoods due to purchasing power disparity
Chinese clusters were seen in central areas, while Malay clusters were in the northern and eastern neighbourhoods; Indian clusters were found in Admiralty, Pasir Ris Drive and Boon Lay as well as areas such as Kampong Java and Bendemeer.
Continue Reading • 26 Jul 2021
Private home, HDB resale prices increase for fifth consecutive quarter
Private home and resale flat prices have continued to climb for the fifth straight quarter, as demand for properties continued to be strong in Q2 2021 despite the Phase 2 (Heightened Alert) measures.
Continue Reading • 23 Jul 2021
Land plots at Lentor Central, Tampines Street 62 receive nine bids each
Guocoland submitted the highest bid for the Lentor Central site at $784 million, while a joint venture between Qingjian Realty and Santarli Construction submitted the top bid for the EC site at Tampines Street 62 at $422 million.
Continue Reading • 23 Jul 2021
Two adjoining terraces at Chiap Guan Avenue up for sale
Located within the landed housing district of Kovan, the properties – which comprise an intermediate and corner terrace – have a combined site area of 440.7 sq m (4,744 sq ft), with a total frontage of 16m.
Continue Reading • 23 Jul 2021
LTA unveils new grant to install electric vehicle chargers in condos
The Land Transport Authority (LTA) revealed that the Electric Vehicle Common Charger Grant will help fund the installation cost of 2,000 EV chargers at such homes as an early adoption incentive.
Continue Reading • 21 Jul 2021
Construction works on Ang Mo Kio MRT interchange station to commence in Q4
The new CRL station will allow commuters to save 70 minutes of travel time between Ang Mo Kio and Aviation Park, bringing it to just 35 minutes. Travel time from Ang Mo Kio to Pasir Ris will also be reduced to 25 minutes from one hour.
Continue Reading • 21 Jul 2021
URA launches public engagement exercise to review long-term land use needs
The feedback will be used by URA and other relevant agencies to develop long-term land use plans and strategies to cater to various future possibilities.
Continue Reading • 21 Jul 2021
Property investment deals surged 127.3% in Q2, may hit $30bil by end-2021
Property investment deals increased 127.3% year-on-year to $5 billion in Q2 2021.
Continue Reading • 15 Jul 2021