Room for growth in private home sales if foreign buyers return

Developers sold 23,000 units in 2013-2014 but just under 10,000 in each of past 2 years, says CDL While Housing Board upgraders have helped keep new private home sales buoyant, the possible return of foreign buyers amid vaccine roll-outs and more open borders could fire up the market, a City Developments (CDL) official said yesterday.[…]

GuocoLand development to plant 30 thematic gardens in the CBD

GuocoLand is weaving 30 gardens into a patch of Singapore’s concrete jungle, as more developers take up the challenge to embed green features in their projects. Through its second flagship integrated mixed-use development Guoco Midtown, the property developer looks to create the most extensive privately developed collection of gardens in the Central Business District, it[…]

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[…]