SINGAPORE – The rental markets for Housing Board (HDB) flats and private apartments ended on a robust note in 2021, as rents surged by more than 10 per cent despite demand slipping in December. Condo rents jumped by 11.4 per cent while HDB rents climbed by 10.4 per cent in the whole of last year,[…]
SINGAPORE – Prices of resale condominium units climbed 10.3 per cent last year, underscoring the hot property market that triggered new cooling measures in mid-December. In 2020, condo resale prices gained just 1.4 per cent. This comes after resale prices rose in December by 1 per cent, marking the 17th consecutive month of growth, according[…]
SINGAPORE – More people who used their Central Provident Fund (CPF) monies to pay their housing loans were unable to fully refund the amount after selling their properties in 2020, compared with the previous two years, data published by the CPF Board showed. However, not a single person who was unable to do a full[…]
SINGAPORE – The growth in Singapore’s private home prices accelerated in the final quarter of last year, with a 5 per cent jump over the previous three months, underscoring the hot market that triggered December’s new property cooling measures. For the whole of 2021, prices surged 10.6 per cent, which is the highest annual growth[…]
SINGAPORE – Housing Board (HDB) resale prices rose 12.5 per cent for the whole of 2021, climbing for the seventh consecutive quarter to fresh highs, flash estimates showed on Monday (Jan 3). In the fourth quarter of 2021 alone, HDB resale flat prices grew 3.2 per cent, a faster pace than the 2.9 per cent[…]
SINGAPORE – With double-digit gains in Singapore’s private and public home prices last year outpacing the country’s preliminary 2021 gross domestic product growth of 7.2 per cent, the latest property cooling measures are timely. This is especially so as household debt increased by 6.8 per cent in absolute terms over the past year, and any steep correction[…]
SINGAPORE – About 14,500 Housing Board (HDB) flats were delivered in 2021 despite disruptions to the construction industry caused by the Covid-19 pandemic. This number is a more than 50 per cent increase over the 9,400 flats handed over in 2020, and higher than the 13,500 units delivered in pre-pandemic 2019. The waiting time for the[…]
SINGAPORE – Home buyers deterred by high Housing Board (HDB) resale flat prices may have a better shot at securing a unit next year, given that new property cooling measures are widely expected to dampen the red-hot market. The double-digit growth earlier tipped for HDB resale flat prices has been lowered by at least two[…]
Hong Kong-listed Shun Tak Holdings has reportedly withdrawn from the collective sale deal for High Point condominium, less than a month after it announced the acquisition. The Business Times reported yesterday that Shun Tak is understood to have forfeited its $1 million tender deposit. The cancelled deal could possibly be the first casualty of the[…]
Offers for collective sale hopeful Lakepoint Condominium fell short of its reserve price as developers start to move more cautiously in the light of new cooling measures. The tender has closed and a private treaty negotiation process is in progress, PropNex Realty said in a statement on Wednesday. The 99-year leasehold development was launched for[…]
Site could draw fair amount of interest, given shrinking supply of new EC units, say analysts An executive condominium (EC) site in Bukit Batok West Avenue 8 was launched for sale via public tender yesterday. The 99-year leasehold site can potentially yield about 375 residential units. It was launched by the Housing Board under the[…]
SINGAPORE – A sustained rise in property prices despite the Covid-19 pandemic has prompted the authorities to introduce cooling measures, in a surprise move that will lead to property buyers paying higher stamp duties. From Thursday (Dec 16), the additional buyer’s stamp duty (ABSD) that must be paid for purchases of residential properties will be[…]
