Developers sold 650 new residential units (excluding executive condos or ECs) in December 2021 – a decline of 58% from the 1,547 units sold in November. Leonard Tay, head of research at Knight Frank Singapore, says: “As with past announcements of government measures to temper demand in the […]
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With effect from 16 December 2021, Additional Buyer’s Stamp Duty (ABSD) rates will be raised, and the Total Debt Servicing Ratio (TDSR) threshold will be tightened. The Government will also tighten the LTV limit for loans from HDB, increase public and private housing supply to cater to demand. […]
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The Government is setting tighter criteria for homeownership for new HDB flats to be built in prime locations such as the Greater Southern Waterfront and the city centre and towns surrounding it. Home buyers of new HDB flats at prime locations will have to occupy their units for […]
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According to data from URA, there were 834 new private homes sold in September 2021, excluding executive condominium units, a 31.4% month-on-month decrease. New private home sales in Singapore fell 31.4% month-on-month in September – the second month where sales dropped by double digits. – October 18, 2021 […]
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HDB resale prices rose 2.7% q-o-q and 12.3% y-o-y in 3Q2021, registering an increase for the sixth straight quarter, according to HDB flash estimates. Meanwhile, 67 HDB flats were sold for $1 million and above, 14 more than in 2Q2021. The most expensive flat sold in 3Q2021 was […]
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2 residential sites under the Confirmed List of the 2H2021 Government Land Sales (GLS) programme have been launched for sale. One is Lentor Hills Road (Parcel A) and the other is at Jalan Tembusu. A site under the Reserve List, Lentor Hills Road (Parcel B) is also open […]
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The sale of luxury homes in Singapore’s upscale central region covering Bukit Timah, Holland, Sentosa and other sought-after areas hit a 10-year high in the 2nd quarter. Data from the Urban Redevelopment Authority (URA) showed that private home sales in the core central region surged 25% quarter-on-quarter to […]
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Two residential-cum-commercial sites at Slim Barracks Rise in Buona Vista attracted 10 bids each, said the Urban Redevelopment Authority (URA). Both are 99-year leasehold sites. Land parcel A, which spans 7,957 square metres (sq m) or 85,648.4 square feet (sq ft) fetched a top bid of $320.1 million […]
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IOI Properties was the only developer to submit a bid because it was the developer that triggered the release of the reserve list site for sale. The developer’s bid of $1.508 billion is just $101 higher than its application bid and this price translates to a land rate […]
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The seller of a unit at Marina Bay Residences on Marina Boulevard made the top gain of $5.47 million over the week of Sept 5 to 14. The 4,489 sq ft unit on the 51st floor was bought for $13.88 million ($3,092 psf) in October 2013 and sold […]
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Watten Estate Condominium in Shelford Road has been put up for collective sale via tender with a minimum price of $500 million. Spanning 220,241 sq ft, the freehold elevated site is zoned residential with a gross plot ratio of 1.4 and an allowable height of up to 5 […]
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Flynn Park in Pasir Panjang has been sold for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments. Located along Yew Siang Road off West Coast Highway, Flynn Park sits on 208,443 sq ft of freehold land. It is about 350m from Pasir Panjang […]
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Developers in Singapore sold fewer homes in August, down 23.6% from the 1,591 units sold in July. Including ECs, new home sales fell by 24.3% m-o-m to 1,322 units in August, from 1,746 units transacted in July. And compared to a year ago, new sales excluding ECs slipped […]
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International Plaza in Tanjong Pagar, Singapore’s largest collective sale in terms of number of units and value, is launched for sale at a reserve price of $2.7 billion. The reserve price works out to a land rate of $2,448 per square foot per plot ratio If the 25% […]
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SINGAPORE has again increased the development charge (DC) rates for landed and non-landed residential use groups, as the private housing market remains buoyant. However, the government is cutting DC rates for commercial use for the 3rd consecutive time. The latest revisions in rates apply to the six months […]
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Riversails at Upper Serangoon Crescent District 19 for Sale ▪ 2 Bedroom Patio condo approx 915 sq ft ▪ Well maintain as Owner hardly stayed ▪ Windy, Quiet corner, Pool facing ▪ In close proximity to Sungei Serangoon and Punggol Waterway Park ▪ Next to Punggol Park ▪ […]
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Far East Organization and its sister company, Hong Kong-based Sino Group, the joint venture partners won the 3.22 ha mixed-use commercial-and-residential site at the junction of Upper Bukit Timah Road and Jalan Jurong Kechil with a bid of $1.03 billion, which translates to $989 psf per plot ratio […]
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The second stage of the MRT line opens on Saturday (Aug 28), the Land Transport Authority (LTA) said on Friday. The second phase of the Thomson-East Coast Line spans 13km and comprises six stations: Springleaf, Lentor, Mayflower, Bright Hill, Upper Thomson and Caldecott. The three currently operational stations […]
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Most newly launched projects have recorded steady sales amid a resilient market this year. Thus, developers are keen to replenish their depleted landbanks to prepare for the next cycle of new projects from 2022. In the 2Q2021 housing statistics released by the URA on July 23, there was […]
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The owners of Sim Lim Tower formed a collective sale committee (CSC) in June. This is their 1st collective sale attempt. The 17-storey Sim Lim Tower at 10 Jalan Besar was developed by Sim Lim Realty opened in 1980. Retail shops span the basement to the 3rd level. […]
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