Singapore

News, Resource and information of Singapore for Singapore property market by PropertyGuru.com.sg, Singapore’s leading property site.

JLL launches $2.6mil talent development programme

The three-year talent development programme by JLL will cost $2.6 million and support young talent, mid-career transitions and upskill the local workforce.

Continue Reading15 Jul 2021

Residential sector dominates investment sales for Q2 2021

7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion.

Continue Reading14 Jul 2021

Geylang development up for collective sale for $27mil

Located at 8 Lorong 35 Geylang, the eight-storey Baode Building is a residential development that is going for $27 million.

Continue Reading14 Jul 2021

Property agent pleads guilty to instigating another agent to backdate Option to Purchase

By illegally backdating the Option to Purchase, the buyers were able to pay 10% Additional Buyer's Stamp Duty, instead of 15%, effectively evading $69,000 in stamp duty fees.

Continue Reading13 Jul 2021

Grab CEO’s wife acquires GCB in Bin Tong Park for $40mil

The 21,6327 sq ft Bin Tong Park property, bought for $40 million, is expected to be redeveloped by the couple.

Continue Reading12 Jul 2021

Singapore-based HiLife Interactive clinches $8mil funding in Series A round

The smart living company will use the funding to double its presence within Southeast Asia with new markets like Cambodia, and break into the European and Australasia markets by the end of this year.

Continue Reading9 Jul 2021

BTO flat buyers hit by construction delays may appeal to cancel booking without penalties

If the buyer’s appeal is granted, the option fee penalty and one-year wait-out period will be waived by the HDB.

Continue Reading9 Jul 2021

Singapore may see more smaller homes, shorter-lease units: Experts

Smaller household growth and an ageing population could see more smaller homes with shorter leases in the future.

Continue Reading8 Jul 2021

Allgreen-Kerry joint ventures secure $861.75mil green loan for Pasir Ris 8

This marks the first green loan for both Allgreen and Kerry. It was raised under a new green loan framework that was set up by Allgreen Properties, with support from OCBC.

Continue Reading8 Jul 2021

Increasing property prices a key driver in worsening wealth inequality: MAS Chief

Ravi Menon, Managing Director of The Monetary Authority of Singapore (MAS) believes that rising property prices is one of the key drivers in the worsening wealth inequality across many parts of the world.

Continue Reading8 Jul 2021

Most BTO projects delayed by six to 12 months, says MND

To reduce the length of delays, the HDB is working with various agencies on mitigating measures such as securing “exemptions to allow less noisy construction activities to be carried out on Sundays and Public Holidays where possible”.

Continue Reading7 Jul 2021

Proportion of HDB resale buyers paying COV on the uptick

Despite the increase, the ministry noted that the majority of HDB resale buyers did not pay any COV, with the median COV for each year remaining at $0.

Continue Reading6 Jul 2021

Ethnic Integration Policy remains important to building racial harmony, says Desmond Lee

Lee explained that the EIP remains “critical, because so much of our lives, and our children’s lives, revolve around our homes and our neighbourhoods”.

Continue Reading6 Jul 2021

Freehold property at Robin Drive sold for $17mil

Located near the Steven MRT Interchange, the regular shaped site has an area of 951.8 sq m (10,245 sq ft) and is zoned for 'Residential' use under the 2019 Master Plan with a plot ratio of 1.4.

Continue Reading6 Jul 2021

NTU international students allowed to retain housing on campus

NTU has now allowed international students who are current residents on campus to keep their places “on an exceptional basis, regardless of their hall points. Photo: Google Street View

Continue Reading5 Jul 2021

Singaporeans call for additional subsidies to make flats in prime areas more affordable

According to public feedback gathered by the HDB and MND, most Singaporeans want the Government to provide additional subsidies for flats in prime locations.

Continue Reading5 Jul 2021

New circular allows developers to extend delivery date of possession

Under a circular issued by the COH, developers who are unable to meet their delivery date of possession can serve property buyers a notice for an extension of up to 122 days, effective from 1 July onwards, subject to certain qualifying conditions.

Continue Reading2 Jul 2021

Private home prices, HDB resale prices continue to increase in Q2 2021

Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.

Continue Reading1 Jul 2021

Secretlab gaming chair CEO acquires two properties for $51mil in a week

The 28-year-old co-founder of the ergonomic chair retailer acquired a good class bungalow (GCB) on Olive Road for $36 million, as well as a five-bedroom triplex penthouse at Leedon Residence.

Continue Reading1 Jul 2021

Authorities ‘highly vigilant’ of property prices hikes, but says market not overheated

The MAS, MND, URA are keeping close tabs on property price hikes, and will intervene before the market overheats.

Continue Reading1 Jul 2021