Private home sales see robust price gains in fourth quarter

The private home market has defied the pandemic and Singapore’s worst-ever recession to notch up price gains in the fourth quarter of last year. The numbers racked up in the fourth quarter would have scarcely been believed back in April, when pundits were forecasting sharp price falls if the economic slump worsened and the circuit[…]

Normanton Park gets green light to sell, but with conditions

Developer must complete Quality Mark assessment for units before applying for TOP Normanton Park, a 1,862-unit leasehold condominium project that was hit with a no-sale licence nearly two years ago, has got the green light to sell its units, but with conditions. The largest and first new launch for next year will open for public[…]

No further extension for ABSD remission deadline: Some disappointment over no additional time for unit sales

Some residential developers are disappointed that the additional buyer’s stamp duty (ABSD) remission deadline to sell all units in a project was not further extended, although they have been given an additional six months to complete construction. Additional temporary relief measures were announced on Thursday night for developers whose construction timelines have been disrupted by[…]

60% of Penrose condo units sold over launch weekend

Hong Leong says timing and sensitive pricing among main factors for the positive response The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic. As of 5pm yesterday, 341[…]

New home sales surge to 11-month high in August

Analysts cite attractively priced launches, pent-up demand among reasons for increase Hungry ghosts were no match for hungry home buyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes, up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were[…]

Dual-envelope tender launched for Jalan Anak Bukit site

SINGAPORE – The Urban Redevelopment Authority (URA) on Tuesday (June 30) launched a “dual envelope” tender of a choice site at Jalan Anak Bukit for a landmark residential and commercial development with a bus interchange to help rejuvenate the Beauty World area. The 3.2 hectare site in Upper Bukit Timah can yield 865 private housing units,[…]