Homes sold at auctions are closer to their starting prices
Auction homes are being transacted close to their opening prices, either at auctions or after the auction.
Continue Reading • 18 Mar 2021
Gap between condo prices and household income highest since 2010
Known as the “affordability ratio”, the gap between household income and prices of new condominium sold is at its biggest in 10 years.
Continue Reading • 17 Mar 2021
HDB issues $900mil fixed rate notes
Rated AAA by Fitch Ratings, the notes come in denominations of $250,000, with a coupon of 1.37% per annum payable semi-annually in arrear. They are set to mature on 16 March 2028.
Continue Reading • 17 Mar 2021
Four sites to be cleared to make way for residential projects
The sites are expected to be sold to developers through the biannual Government Land Sales process, should the plots be used for private housing.
Continue Reading • 16 Mar 2021
New private home sales drop 60.5% in February amid lack of new launches
February saw only 167 new units launched, down 93.6% from the 2,600 units launched in January, and is also the lowest number of units launched since December 2018.
Continue Reading • 16 Mar 2021
Huttons names new Legal Counsel, Head of Training and Special Projects
Huttons Group has appointed Yeo Chin Hao as its new Legal Counsel and Shaun Tan as Head of Training and Special Projects.
Continue Reading • 15 Mar 2021
HDB calls for sixth solar leasing tender
Under this tender, vendors “will be required to install smart electrical sub-meters at HDB blocks to track energy usage”.
Continue Reading • 15 Mar 2021
Property agents, condo buyers charged with backdating Option to Purchase to evade higher ABSD
If found guilty under the Stamp Duties Act, all four can be imprisoned for up to three years and/or fined up to $10,000.
Continue Reading • 15 Mar 2021
Marina One Residences: Perfect For Live, Play and Work
Marina One is a 3.67 million square feet integrated development comprising, residences, over 140,000 sq ft of retail, lifestyle and F&B spaces, and Grade A offices, Marina One Residences is shaping up to be an ideal place to live, play and work.
Continue Reading • 15 Mar 2021
Robots to deliver groceries, parcels in Punggol as part of trial
With the robots, customers can choose when the items would be delivered to them instead of following a fixed delivery schedule, resulting in more convenience and faster deliveries.
Continue Reading • 12 Mar 2021
New home sales fell 60% in February 2021
Developer sales plunged 60% to 639 units in February from January’s 1,609 units, on the back of the Chinese New Year celebrations and the lack of new launches.
Continue Reading • 12 Mar 2021
Singapore GDP to grow 5.8% this year, MAS survey
The estimates of 24 economists polled by MAS showed that Singapore’s GDP is anticipated to increase 5.8% this year, up from the 5.5% forecast in the previous survey in December.
Continue Reading • 11 Mar 2021
ERA unveils new overseas partnership, ground-breaking proptech tools
ERA, Singapore’s largest international real estate agency, is expanding its regional presence with its entry into a new overseas partnership with homegrown Indian real estate agency, HomeSFY.
Continue Reading • 11 Mar 2021
Freehold Devonshire Apartment on sale for $66mil
Currently fully leased to a single operator, the freehold, 12-unit serviced apartment has a total gross floor area of about 23,233 sq ft.
Continue Reading • 10 Mar 2021
The Bayron relaunched for sale with price unchanged at $376mil
This works out to a land rate of around $2,377 per sq ft per plot ratio (psf ppr) or about $2,287 psf ppr should the 7% bonus gross floor area for balconies are taken into consideration.
Continue Reading • 10 Mar 2021
About 6,000 appeals for third HDB loans received in 2020
Households requiring a third housing loan have to seek financing from financial institutions regulated by the Monetary Authority of Singapore (MAS).
Continue Reading • 9 Mar 2021
Two adjoining GCBs at Ewart Park and Holland Road on sale
The bungalow at Ewart park occupies a 17,300 sq ft freehold site, while the GCB at Holland Road spans 15,500 sq ft.
Continue Reading • 9 Mar 2021
Singapore economy to rebound to pre-pandemic levels by Q4
Singapore's economy is expected to recover to pre-COVID-19 levels by Q4 2021 and will be one of the key markets in growth in the Asia Pacific region.
Continue Reading • 8 Mar 2021
GCB market sees strong sales momentum
GCB deals in the first two months of 2021 have registered nearly $424 million of deals, or nearly 40% of the tally for the whole 2020.
Continue Reading • 8 Mar 2021
HDB to further streamline flat buying process
HDB will roll out new features on the HDB Flat Portal to improve the buying process, including a new document that consolidates the results on buyers’ eligibility assessment for a new or resale flat purchase, HDB loans and housing grants.
Continue Reading • 5 Mar 2021