Virtual auction draws 15 bids for freehold house; no takers for 7 other properties up for sale It took only eight minutes for a 21/2-storey semi-detached house in Toh Tuck Road to be sold for $3.4 million in a virtual auction. The freehold property at 69 Toh Tuck Road, which has a land area of[…]
Resale prices of Housing Board flats rose in the third quarter of this year, with the resale price index reaching 133.7, said HDB yesterday. This is an increase of 1.4 per cent from the previous quarter. Last quarter’s performance also marked a significant improvement from the previous quarters. The resale price index had risen by[…]
SINGAPORE – Despite the Covid-19 pandemic and a recession, prices of private homes in Singapore picked up in the third quarter as Singapore entered phase two of its reopening after a nearly two-month-long circuit breaker. The overall price index for private residential properties rose by 0.8 per cent, faster than the 0.3 per cent rise in the[…]
SINGAPORE – Developers are restricted from reissuing options to purchase (OTPs) to the same buyer of the same unit within 12 months after the expiry of the earlier OTP, the Urban Redevelopment Authority (URA) said in a circular issued on Monday morning (Sept 28). They are also restricted from providing upfront agreements to buyers to[…]
Hong Leong says timing and sensitive pricing among main factors for the positive response The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic. As of 5pm yesterday, 341[…]
Maxwell House, which has been around since 1971, is up for collective sale with a new mixed-use commercial and residential project or hotel possibly taking over the site. Owners of the 13-storey building at 20 Maxwell Road have set a reserve price of $295 million, sales consultant Cushman & Wakefield said yesterday. The block comprises[…]
SINGAPORE – Singapore retail sales in May suffered their biggest year-on-year fall since record-keeping began in 1986 amid a second month of circuit breaker measures, but the worst may be over for retailers, with the economy’s phased reopening. Takings at the till plunged by 52.1 per cent year on year, after sinking a then-record 40.3 per cent[…]
CIMB Bank will maintain the floor rate for its mortgages pegged to the Singapore inter-bank offered rate (Sibor) and swap offer rate (SOR) after customers’ pushback against a planned hike. The bank said on Wednesday that it will reduce its deposit rates and cost of deposits, and this will allow the bank to maintain its[…]
Analysts cite attractively priced launches, pent-up demand among reasons for increase Hungry ghosts were no match for hungry home buyers as new home sales jumped to an 11-month high last month, with developers selling 1,256 non-landed private homes, up 16.3 per cent from the 1,080 private homes sold in July. Year on year, sales were[…]
British fashion brands Topshop and Topman will close their last outlet in Singapore next Thursday and go online instead, with retail experts saying more brands might follow suit. Yesterday, Wing Tai Retail, brand manager for Topshop and Topman here, confirmed the closure of the VivoCity outlet, and said its focus for the two brands will[…]
SINGAPORE – The number of private non-landed homes resold hit a two-year high last month while prices firmed slightly in what observers see as another sign of the Singapore’s property market’s growing recovery from the effects of the Covid-19 pandemic. An estimated 1,052 resale condominiums and apartments changed hands last month – up 7 per cent[…]
SINGAPORE – The retail sector in Singapore continued its recovery from the Covid-19 crunch, with the sales drop in July easing on an annual basis – reflecting the relaxation of the circuit breaker measures in late June. Retail sales fell 8.5 per cent in July after a revised 27.7 per cent decline in June, figures released on[…]