Singapore

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

950,000 HDB households to receive U-Save rebates in April

In total, the regular U-Save and U-Save Special Payment for this financial year will amount to $460 million in rebates, to support families with their household expenses.

Continue Reading5 Apr 2021

Singapore private home prices up 2.9% in Q1 2021

Non-landed property prices increased 2.1% in Q1 2021, mainly driven by non-landed private homes in the RCR.

Continue Reading1 Apr 2021

HDB resale prices up 2.8% in Q1

HDB resale prices have continued to increase for the fourth consecutive quarter, according to the Q1 2021 Resale Price Index flash estimates.

Continue Reading1 Apr 2021

Land set aside for terminated HSR project can house more commercial, housing projects

Suggestions to use the large tracts of land in Jurong include building more homes, community facilities and a retirement village.

Continue Reading1 Apr 2021

Freehold residential land in Braddell Heights Estate on sale for $1,000 psf

Potential buyers can make additions and alterations to the existing homes or redevelop the site into two linked-bungalows or detached houses. It added that multi-generation houses can also be built on the site.

Continue Reading31 Mar 2021

No monetary policy change in April by MAS despite hike in inflation

Economists do not expect the Monetary Authority of Singapore (MAS) to change its monetary policy despite the hike in inflation and economic recession.

Continue Reading30 Mar 2021

Malaysia pays $102.8 million to Singapore for terminated KL-Singapore HSR project

Based on the agreement, the termination compensation includes abortive costs but not land acquisition costs since the value of the land can still be recovered, said Singapore's Transport Minister Ong Ye Kung.

Continue Reading30 Mar 2021

Construction works for Hougang MRT station on Cross Island Line to start in Q4

The works cover the design and construction of interchange station and tunnels, as well as addition and alteration works to the present Hougang station on the North-East Line (NEL).

Continue Reading29 Mar 2021

MND to extend relief period for construction firms

COVID-19 (Temporary Measures) Act will be extended to 30 September for construction firms.

Continue Reading29 Mar 2021

950,000 households to receive $135 million in Service and Conservancy rebates

Depending on their flat type, eligible households will receive 1.5 to 3.5 months of S&CC rebates during this financial year.

Continue Reading29 Mar 2021

CDL wants to achieve master-developer status

City Developments Limited (CDL) eyes to become a master developer in Singapore, building an entire precinct or district instead of smaller, individual parcels.

Continue Reading26 Mar 2021

Swire Properties sells all 20 units at EDEN for $293 million – to one buyer

Each apartment unit occupies over 3,000 sq ft, and all 20 apartments feature four en-suite bedrooms.

Continue Reading26 Mar 2021

Mok Sze Sze joins SRI as Managing Partner of SRI Auction

Mok Sze Sze has handled property transactions over $1 billion throughout the years and has been instrumental in conducting auctions for various government agencies throughout the years.

Continue Reading25 Mar 2021

CapitaLand’s revamp may encourage other Singapore developers to follow

Developers in Singapore may follow CapitaLand’s move of splitting its business into a privately owned developer and a publicly traded investment manager, said analysts.

Continue Reading24 Mar 2021

Rail Corridor (Central) reopens with new features

The enhancement works at the 4km stretch – which runs between Hillview and the conserved Bukit Timah Railway Station – is now more inclusive and accessible for visitors.

Continue Reading23 Mar 2021

Midtown Modern sells 61% of units at launch

90% of all one- and two-bedroom units and close to 50% of all three-bedroom units were sold.

Continue Reading23 Mar 2021

Residents near former Kallang Gasworks complain of foul smell, noise from treatment works

Some residents said that they have been dealing with the noxious smell since February 2020 when the remediation works started, while the loud noise has disturbed them at all hours.

Continue Reading22 Mar 2021

Singapore developers’ profit margins on the downtrend

Some private housing projects saw pre-tax profit margins decline to around 10 to 12%, or even below 10%.

Continue Reading19 Mar 2021

Survey shows limited living space affects Singaporeans’ state of mind

More than 53% cited poor space allocation as a contributor to stress, discomfort, and dissatisfaction among family members.

Continue Reading19 Mar 2021

Construction on MRT train testing facility commence, to be fully operational by 2024

The Train Testing Centre (ITTC) will serve the needs of existing and upcoming MRT lines while allowing more than one project to be tested concurrently.

Continue Reading18 Mar 2021