Condo resale prices surged 10.3% in 2021, with sales up nearly 82%

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[…]

Shun Tak withdraws from $556.7m High Point deal

Hong Kong-listed Shun Tak Holdings has reportedly withdrawn from the collective sale deal for High Point condominium, less than a month after it announced the acquisition.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[…]

Collective sale hopeful Lakepoint Condo in private talks

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[…]

HDB calls tender for EC site in Bukit Batok West

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[…]