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Private residential sales fall 58% in December

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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Measures To Cool The Property Market

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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MND announces stricter ownership criteria for HDB flats in prime areas

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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New private home sales down 31.4% in September

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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Residential GLS sites at Lentor Hills Road and Jalan Tembusu

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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Luxury home sales in Singapore’s central region hit 10-year high in Q2

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 land parcels at one-north’s Slim Barracks Rise

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 sole bidder for Marina View GLS site

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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Watten Estate Condominium up for collective sale

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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Development charge rates jump 10.9% for non-landed residential use

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 2 Bedroom Patio Condo for Sale call 6598531741

Riversails 2BR Condo at Upper Serangoon Crescent for Sale

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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FEO and Sino Group win Jalan Anak Bukit site

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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6 new Thomson-East Coast Line stations open on Aug 28

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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Developers’ depleted landbank heats up competition for GLS sites

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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