Private home acquisitions by foreigners drop 26.1% in Q1 2020
In terms of absolute transaction volume, buyers of all residential status have declined, but the biggest drop came from foreign home buyers (non-PRs) which fell by 26.1% to 215 units in Q1 2020.
Continue Reading • 5 Jun 2020
CIMB Bank makes U-turn on floor rate following customer backlash
A group of over 100 CIMB customers had banded together and set up a website where they expressed their anger over the bank’s plan to raise the mortgage floor rates on 18 May.
Continue Reading • 4 Jun 2020
Over 5,400 renovation projects get green light to resume works
BCA noted that new applications to resume renovation works will be approved in two days provided “the submission is in order”.
Continue Reading • 4 Jun 2020
Government to build new dormitories for 100,000 foreign workers 'in the next few years'
Unused state properties, including vacant factories and former schools such as the former Bedok North Secondary School building and the former Anderson Junior College Hostel, will temporarily be fitted out to house around 25,000 workers.
Continue Reading • 3 Jun 2020
Wong urges renovation contractors to patiently work through guidelines
Although there are “quite a few” guidelines, these are necessary and Wong called on all parties involved to work through these new requirements systematically and patiently.
Continue Reading • 2 Jun 2020
HDB to offer 7,800 BTO flats in August sales exercise
The BTO exercise which was originally scheduled for May, will be combined with August's launch.
Continue Reading • 1 Jun 2020
Tanah Merah Kechil Link site launched, with longer tender period
Analysts say that the site is expected to get a good amount of interest, due to its locational attributes and affordable quantum. A residential with commercial at first storey site located at Tanah Merah Kechil Link has been launched for sale by public tender under the Confirmed List of the...
Continue Reading • 29 May 2020
Suspended renovation works, building works for landed homes to resume from 2 June
Companies intending to restart suspended renovation works will have to secure BCA’s approval.
Continue Reading • 28 May 2020
PropertyGuru offers 360 degree walkthroughs of projects with StoryTeller
With StoryTeller, FastKey allows property developers to go to market as soon as their project is approved, without the need to wait for the construction of its show flat or sales gallery.
Continue Reading • 28 May 2020
CapitaLand obtains $500 million sustainability-linked bilateral loan from UOB
The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore.
Continue Reading • 28 May 2020
Fortitude Budget eyes to support workers, business
The $33 billion budget will provide support for workers and businesses to transform, adapt and seize new opportunities.
Continue Reading • 27 May 2020
Government has placed a range of measures for homeowners affected by construction delays
HDB and URA have been exercising flexibility on a case-by-case basis for households who are in genuine difficulty and need temporary accommodation, according to Lawrence Wong.
Continue Reading • 27 May 2020
Man who posted “After a long day... we are having an illegal gathering, so what? Enjoy the food to the max.” fined $4,500 for illegal gathering
He was fined $4,500 for attending a social gathering just a day after the circuit breaker measures took effect and posting the event on social media.
Continue Reading • 22 May 2020
Bathroom ceiling in HDB home falls on boy, injuring him
HDB reminded the public to carry out repairs early once they notice signs of spalling concrete to prevent it from deteriorating further or affect a bigger area. Photo: Syasha DanialAlissa/facebook The Housing and Development Board (HDB) has reminded residents to take early action once they detect...
Continue Reading • 22 May 2020
Show galleries to remain closed even after 1 June
Show galleries that were set up by property developers to market and sell properties “shall remain closed until further notice. Property developers in Singapore may have to wait a little longer before they can reopen their show galleries to market their properties. This comes after the Urban...
Continue Reading • 22 May 2020
DPM Heng to announce fourth round of measure to help people, businesses on 26 May
According to the release, the statement would set out the plans of the government to “help businesses and individuals adapt and build resilience, in our continuing fight against the Covid-19 pandemic”. Photo: facebook.com/hengsweekeat
Continue Reading • 20 May 2020
Guocoland obtains $730mil green loan for Tan Quee Lan Street mixed-development project
The new mixed-development project at Tan Quee Lan Street will be situated right above the Bugis MRT interchange station.
Continue Reading • 20 May 2020
Homeowners still expect delays in renovation works even after circuit breaker
Despite the government’s announcement that renovations works can resume after 1 June, Siti Nurlina Yunus does not expect works at her Buangkok flat to be carried out on full speed. Renovation work at her new HDB flat, which started in early March, was put on hold when the circuit breaker...
Continue Reading • 19 May 2020
Construction works for some projects may be allowed to resume after circuit breaker
Construction works for critical and time-sensitive projects will be allowed to resume when the circuit breaker ends on 1 June, as long as the contractors meet the COVID-19 safety measures.
Continue Reading • 18 May 2020
New private home sales drop 58% in April
Developers sold 277 new private homes in April, down 58% from the 660 units shifted in March.
Continue Reading • 18 May 2020