43 cases of fallen windows from Jan to Nov
BCA has recorded 43 cases of fallen windows from HDB and private homes for the first eleven months of 2014.
Continue Reading • 15 Dec 2014
Private home prices down almost 5% in 2014
Prices of private properties in Singapore fell by 4.79 percent during the first nine months of 2014, compared to an annual increase of 2.1 percent in the same period last year.
Continue Reading • 12 Dec 2014
81% of Popular's Balestier condo unsold
In a statement, the group said there are still 21 unsold units in Ei8ht Raja as at 31 October 2014, and only five units were sold since obtaining the Temporary Occupation Permit in May 2013.
Continue Reading • 12 Dec 2014
25.7% of private homes to get tax cut
Amidst rising vacancies and a sluggish residential market, the Inland Revenue Authority of Singapore (IRAS) will reduce the property tax for next year of about 73,300 private houses.
Continue Reading • 11 Dec 2014
Hong Leong Group is Singapore's top seller
City Developments Limited (CDL) and its parent Hong Leong Group emerged as Singapore's top seller of residential units, selling 1,370 new homes so far this year.
Continue Reading • 9 Dec 2014
Govt trims land sales in sluggish times
Fewer land sales made available to allow the market to absorb unsold units...
Continue Reading • 8 Dec 2014
Private homes prices may fall up to 15% in next two years: report
Residential home prices is forecasted to dip ten to 15 percent over 2015 to 2016, according to OCBC Investment Research in a recent report.
Continue Reading • 8 Dec 2014
URA may revise private property price index
The move could provide a clearer picture of Singapore's private residential market...
Continue Reading • 5 Dec 2014
Govt to release 19 land sites yielding 8,770 homes
The Singapore government releases more land for private housing units and commercial space to meet demand.
Continue Reading • 4 Dec 2014
Cooling measures to stay until prices fall to 2008 level: HSR
Property prices will have to be affordable and match prices in 2008 before it would be reasonable to relax some of the current cooling measures.
Continue Reading • 3 Dec 2014
Punggol EC to boost Keong Hong's revenue
Keong Hong will see its first revenue recognition from its property development arm when its first foray into property development, Twin Waterfalls, receives TOP in 2015.
Continue Reading • 3 Dec 2014
Govt expected to reduce private housing land for H1 2015
The government is expected to trim down the supply of land intended for private housing on the confirmed list for H1 2015 Government Land Sales (GLS) programme due to rising vacancies and sluggish sales.
Continue Reading • 2 Dec 2014
Rental yield for shoebox units in suburbs reasonably high
Property analysts caution that landlords may not get the kind of rental income they expect in the near future, considering that the Urban Redevelopment Authority (URA) predicts around 11,000 shoebox units by end-2015.
Continue Reading • 28 Nov 2014
2014 "most dismal year since 2008"
As 2014 nears its end, developers are likely to time the launch of their projects to avoid the year-end lull period.
Continue Reading • 27 Nov 2014
Vacancy may rise to 10%; govt should intervene: REDAS
Vacancy rate of private homes could reach up to 10 percent due to the upcoming supply of 68,000 new units over the next few years, according to Chia Boon Kuah, President of the Real Estate Developers' Association of Singapore (REDAS).
Continue Reading • 27 Nov 2014
Song family acquires Holland Park GCB for $30 million
The Song family, which controls Nanshan Group Singapore, has purchased a new Good Class Bungalow (GCB) in Holland Park from Frasers Centrepoint for $30 million.
Continue Reading • 26 Nov 2014
Prices of 2 Sentosa condos reduced by $1,000 psf
Two apartments at Turquoise, a luxury condominium in Sentosa Cove, have entered the market at low prices that could result in losses of nearly $3 million each.
Continue Reading • 25 Nov 2014
More repossessed homes up for auction
Singapore's weak property market saw the number of homes put on auction by banks increase significantly.
Continue Reading • 24 Nov 2014
31% of private home in Q3 sold for less than $1 million
Only 777 non-landed units were sold below $1 million in Q3 2014, mainly located in suburban areas, dropping from the 41 percent of non-landed units transacted below $1 million in Q2.
Continue Reading • 24 Nov 2014
Eye on Geylang: Defying reputation
Geylang is fast transforming into a favourable city fringe area as it continues to attract developers, homebuyers and investors.
Continue Reading • 24 Nov 2014