COVID-19 (temporary measures) act extends to buyers who buy from developers
The COVID-19 (Temporary Measures) Act has been extended to cover lease of residential properties, option to purchase (OTP) agreements as well as sale and purchase agreements (S&PA).
Continue Reading • 14 May 2020
Private residential transactions continued to push on during circuit breaker
There were 286 caveats lodged from 7 April to 30 April, according to Knight Frank Singapore.
Continue Reading • 14 May 2020
Rooftop farming to be allowed at nine HDB car parks
In a joint release, SFA and HDB noted that the sites for rent will be used to farm vegetables and other food crops as well as for other activities such as packing and storing produce.
Continue Reading • 13 May 2020
Some Singapore expats seek rent cuts
Singapore expats are asking for lower rents as they face the prospect of salary cuts amid slower businesses due to the Covid-19 pandemic. Clarence Foo, a real estate agent with APAC Realty unit ERA, revealed that he has encountered seven such cases in the past month – the most number of requests...
Continue Reading • 11 May 2020
Auction success rate drops despite hike in mortgagee sale listings
Singapore saw total auction listings decline 31.1% year-on-year to 235 in the first quarter of 2020, revealed an Edmund Tie report.
Continue Reading • 8 May 2020
Property Market Index Q2 2020
The PropertyGuru Property Market Index Q2 2020 report takes a look at the impact of the COVID-19 in Q1 2020. Access the report here.
Continue Reading • 6 May 2020
HDB resale prices will not “correct excessively”
OrangeTee & Tie expects property sales to “pick up speed and regain some momentum when the crisis subsides and safe distancing measures are gradually eased".
Continue Reading • 6 May 2020
New Bill increases fines for errant estate agencies, property agents
The new Estate Agents (Amendment) Bill will see the maximum fine increased to $200,000 for real estate agencies and $100,000 for property agents.
Continue Reading • 6 May 2020
Repayment of a wider pool of loans may be deferred from 6 May – MAS
Banks and financial institutions are going to provide for such deferments, but it is up for their customers to opt-in for it. The Monetary Authority of Singapore (MAS) announced that individuals may request for the deferment of loan repayments which include commercial and industrial property...
Continue Reading • 4 May 2020
Sales of luxury condo rose 72% in Q1 despite market uncertainties
OrangeTee & Tie attributed the stellar sales to the new sale segment where 554 new luxury condominiums were sold in Q1 2020.
Continue Reading • 4 May 2020
HDB announces EC GLS for sale in Yishun, the first in over six years
The Housing and Development Board (HDB) on 30 April launched an executive condominium (EC) site at Yishun Avenue 9 for sale by public tender. With an area of 21,514.0 sq m, the confirmed list site has a maximum permissible gross floor area of 60,240.0 sq m and maximum building height of 56 m...
Continue Reading • 4 May 2020
Singapore to face more job losses, wage cuts, MAS report
While the government has rolled out a slew of aid to help workers and employers, MAS still expects retrenchment and unemployment to increase.
Continue Reading • 29 Apr 2020
Project Focus: Parc Clematis by Sing-Haiyi Gold Pte Ltd (A Subsidiary of SingHaiyi Group Limited)
The facilities at Parc Clematis are divided into Relax, Balance, and Active; all have been designed to cater to different generations, tastes and demographics.
Continue Reading • 29 Apr 2020
Helping Those Affected By COVID-19
At PropertyGuru, we believe that every person should have a place to call home. We are canvassing support from kind-hearted individuals and organisations to help our fellowmen and women in need, across the region.
Continue Reading • 28 Apr 2020
Construction projects may be delayed by months
Faced with limited manpower, material shortages and the circuit breaker measures, construction projects are set to be pushed back.
Continue Reading • 27 Apr 2020
Private home prices down 1% in Q1 2020
Property sales were generally muted as well with lockdowns imposed around the world and stricter safe distancing measures.
Continue Reading • 24 Apr 2020
CapitaLand vows to aid elderly Singaporeans through $1million worth of Covid-19 reliefs
The group’s move is intended to enhance the emergency preparedness for the elderly, considering that heightened precautions limited the volunteer support and supplies coming at their homes.
Continue Reading • 24 Apr 2020
HDB resale volume down 7% amid Covid-19 outbreak
Resale HDB flats have declined by 7% in Q1 2020.
Continue Reading • 24 Apr 2020
COVID-19 crisis unveils socially responsible Asia Property Awards (Singapore) winning developers
As Singapore continues to battle the Covid-19 pandemic, winning developers at the PropertyGuru Asia Property Awards (Singapore) have stepped up to help curb the spread of the virus.
Continue Reading • 24 Apr 2020
Home buyers to remain cautious in the short term
With sentiment remaining weak amid the cooling measures in place and the job market rendered insecure, Edmund Tie expects homebuyers to show greater caution in home acquisitions at least for the first two quarters of 2020.
Continue Reading • 23 Apr 2020