Both 99-year leasehold plots could yield nearly 1,200 units in total The hot housing market – for private and Housing Board flats – and developers’ need to replenish their land bank look set to ignite demand for government land sale (GLS) sites this year, with two plots in particular standing out from the pack. A[…]
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[…]
BTO flat delays, rising values in private home market, improving sentiment cited as factors The hot streak continues for Housing Board flats, with resale prices up again last month – the ninth straight month of increase – and the all-time high now within touching distance. Buyers are being driven to the sector by a cocktail[…]
SINGAPORE – More condominium units and Housing Board (HDB) flats were leased in March while rents continued to rise, as landlords opened their homes for viewing after the Chinese New Year lull and tenants flocked back to the market. Rental volume for condo apartments rose to an eight-month high last month, surging by 32.4 per[…]
SINGAPORE – The Maritime House building in Tanjong Pagar, known as a hotel exclusively for seafarers transiting through Singapore, will be torn down and redeveloped by late 2024, according to tender documents put up by the Maritime and Port Authority of Singapore (MPA) in late March. A project brief in the tender, which closes on[…]
SINGAPORE – Private home prices in Singapore rose for a fourth straight quarter, jumping 2.9 per cent in the first three months of this year, raising bets on a fresh round of cooling measures. This is the steepest quarterly increase since the second quarter of 2018, when private residential prices rose by 3.4 per cent[…]
A Good Class Bungalow (GCB) in Nassim Road has been sold for $128.8 million to the wife of the founder of Nanofilm Technologies International – a local nanotechnology solutions company. Property website EdgeProp reported on Tuesday that Ms Jin Xiao Qun had bought the 32,159 sq ft property – about the size of 33 four-room[…]
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.[…]
SINGAPORE – En bloc fever last swept Singapore in 2016 before the 2018 cooling measures effectively doused it, but the heat is building up again, with at least 10 projects launched for sale since the start of the year. More than 20 other developments, including Golden Mile Complex and Thomson View, have also started the collective sale[…]
Rents kept heading north last month for private apartments and Housing Board flats, as lease numbers for both fell amid the double whammy of the Chinese New Year lull and Covid-19 restrictions. Rents of condominiums and private apartments rose 1 per cent from January to February while HDB rates increased 0.5 per cent, according to[…]
Buyers can soon submit documents and be assessed for grants, loans in one application Flat buyers can soon submit their documents and be assessed for grants and loans in one application, instead of having to send multiple applications. Buyers can also apply for housing loans from participating financial institutions directly on the Housing Board flat[…]
Housing Board flats remain a hot commodity with a record 23 units changing hands last month for a million dollars or more, while overall resale prices rose for the eighth straight month. Resale prices climbed 1.4 per cent last month from January, and a striking 8.3 per cent from February last year, although they are[…]