SINGAPORE – Buyers jumped in after the Chinese New Year break in anticipation of an economic recovery, sending new private home sales last month to 1,296 units – the highest March take-up since 2017 and double the 645 units sold in February. Year on year, developers booked 96 per cent more sales in March, with[…]
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 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[…]
SINGAPORE – New private home sales in January surged to their highest for the month in eight years, as developers went all out with several new launches, including the mega 1,862-unit Normanton Park and 429-unit The Reef at King’s Docks, both of which accounted for more than 50 per cent of the units sold. The[…]
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[…]
SINGAPORE – New private home sales in December climbed to their highest level for the month in eight years, as buyers jumped in on expectations of further price increases with a post-pandemic economic recovery. Last month’s sales by developers jumped more than 57 per cent to 1,217 units from 774 in November. This was 126 per cent higher than[…]
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[…]
Healthy sales show not all segments hit by curbs on reissuing of OTPs, says expert The private residential market resumed its upward march last month, with sales up nearly 19 per cent month on month following a 225 per cent surge in the number of new homes launched. Last month’s uptick in sales to 767[…]
SINGAPORE – Sales of new private homes by developers plunged 51.7 per cent in October from the previous month, putting the brakes on a five-month-long buying spree after new curbs were imposed on the re-issue of options to purchase (OTPs). Buyers took up just 642 units in October from a more than two-year high of 1,329[…]
SINGAPORE (THE BUSINESS TIMES) – MIxed-use development The Linq @ Beauty World sold 115 out of 120 apartments over the weekend, in a Covid-19-era, tech-enabled launch. The freehold project, at Beauty World MRT station, includes two floors of shops and a 20-storey residential block. Units fetched between $2,150 and $2,200 per square foot on average,[…]
SINGAPORE (BLOOMBERG) – The Dysons behind the self-named British consumer electronics company are selling their triplex penthouse at Wallich Residence for $62 million – less than the record purchase price of $73.8 million paid last year – The Business Times reported on Monday (Oct 19). Singapore’s tallest penthouse, on the top three levels of the 64-storey Guoco[…]
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[…]