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Sales of new private homes up 30% last month

The Woodleigh Residences, an earlier launch, was among top sellers last month after its median price was cut to $1,823 per sq ft (psf) from around $2,000 psf at its initial launch in November last year, analysts noted. The nine new launches accounted for 29.8 per cent of total sales last month, with two – […]

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Penthouse at 3 Orchard By-The-Park fetches $31.5 mil

A five-bedroom penthouse at 3 Orchard By-The-Park has been sold for $31.5 million. In terms of absolute price, it is the most expensive penthouse sold this year to date. The price for the 6,555 sq ft unit translates to $4,805 psf. Completed in 2017, 3 Orchard By-The-Park was designed by Italian architect and furniture designer, […]

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Government reduces supply of land for private housing as demand continues to slow

The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). 13 land sites, comprising 5 confirmed sites and 8 reserved sites, were released for sale on Thursday under the Government Land […]

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Penthouse at Boulevard 88 sold at all-time high of $4,936 psf

In the week of May 14 to 21, there were 3 transactions at luxury projects in prime District 10 where prices crossed $4,000 psf. The biggest unit sold was a 5,673 sq ft penthouse at Boulevard 88, which fetched $28 million or $4,936 psf. Another big-ticket transaction was seen at Boulevard Vue, a freehold, ultra-luxury […]

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Completed condo prices edge up 0.2% in April from March

The rise was driven by a 1.4% increase in prices for apartments in the central region, excluding small units. In March, prices in the location had edged up 0.1%. However, prices of apartments outside the central region, excluding small units, fell 0.6% in April following a 0.1% dip in March. The NUS Institute of Real […]

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CapitaLand unveils design for One Pearl Bank

Property developer CapitaLand has unveiled its design for One Pearl Bank, a development that will take the place of Pearl Bank Apartments. The new development comprises two curved 39-storey towers linked at the roof by sky bridges. The building will also feature a vertical sky allotment garden for urban farming. Situated atop Pearl’s Hill, the […]

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Seventy units sold at The Woodleigh Residences

Japanese property developer, Kajima Development and Singapore Press Holdings sold 70 units at The Woodleigh Residences as at 10pm on Sunday, May 12. Many units sold were 2- and 3-bedroom units along with three four-bedroom apartments that achieved $2,331 psf. Prices at the project start at $1,733 psf, a revision from its starting price of […]

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5-room HDB Flat In Bukit Merah Sold For Record $1.2m

A standard 5-room HDB flat was sold for $1.2 million in April this year – the first time that a standard HDB flat price surpassed the most expensive non-standard flats (DBSS units, terraces, maisonettes or flats at Pinnacle@Duxton) ever sold. Located between the 34th and 36th storeys, the 112 sq m flat in Boon Tiong […]

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New rules on buying properties using CPF, HDB housing loans

New rules on buying homes using CPF or HDB housing loans will be introduced. The changes, which apply to the purchase of HDB flats, private properties and executive condominiums, take effect on Friday (May 10). Under the current rules, the amount of CPF allowed to be used is dependent on the remaining lease of the […]

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The Woodleigh Residences launching sales on May 11

An onsen (hot spring) with a view of a lake, and homes built with Japanese design and technology are what residents at The Woodleigh Residences can look forward to when it is completed in 2022. Residential units at the integrated development by Japanese developer Kajima Development and Singapore Press Holdings will be launched for sale […]

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HDB unveils plans for new park in Bidadari estate

A new park will be developed to form a “green lung” in the upcoming Bidadari estate, the Housing and Development Board (HDB) announced on Sunday (May 5). The 10-hectare Bidadari Park will feature a lake, a heritage walk, experiential trails and a play area for children. HDB noted that Bidadari is a natural sanctuary for […]

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Restrictions on use of CPF for older HDB flats to be relaxed by May

National Development Minister Lawrence Wong said in Parliament on Thursday morning (March 7) that his ministry is looking into relaxing Central Provident Fund (CPF) loan rules on the purchase of older Housing Board resale flats, and will announce the changes soon for implementation in May this year. He referred specifically to the restriction in CPF […]

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Condo residents in Jurong West shocked to find foreign workers listed as tenants under their addresses

Residents of a Jurong West condominium have found foreign workers registered under their addresses without their knowledge, and are looking for answers. One of The Floravale’s affected residents logged in to the Manpower Ministry’s (MOM) Foreign Worker Tenant Enquiry Service earlier this month and found that five strangers were registered as tenants in his apartment. […]

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Sim Lim Square announces en bloc at $1.25 billion

Sim Lim Square, Singapore’s well-known tech shopping mall on Rochor Canal Road, was yesterday put up for collective sale via public tender with a reserve price of $1.25 billion. Its 423 owners stand to receive between $488,000 and $67.5 million each if the sale is successful. – Apr 30, 2019 Read Full Article at https://www.asiaone.com/business/sim-lim-square-announces-en-bloc-125-billion

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Kallang River Gets A New Lease Of Life

Singapore’s longest river, Kallang River is set to be revitalised with the introduction of new homes, work places, recreation and community spaces along the waterfront. The Urban Redevelopment Authority revealed that both public and private housing “will be introduced in precincts along the river”. This comes as the government targets to have over 90% of […]

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Le Arc Apartment up for collective sale again

After a failed attempt last year, Le Arc Apartment at 6 Lorong 26 Geylang is once again up for collective sale. This time the owners expect a minimum offer of $18.5 million, down from their previous expectation of about $20 million to $22 million. – April 24, 2019 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/4/179639/le-arc-apartment-up-for-collective-sale-again-at-18-5m

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CDL chairman’s family buys two units at Boulevard 88

City Developments Limited (CDL) chairman Kwek Leng Beng’s family has purchased 2 units at the company’s latest luxury condominium project. Kwek’s wife and son – Cecilia and Kingston – purchased an 18th floor unit in Boulevard 88 for $9.8 million, while his nephew – Kwek Eik Sheng, who also serves as group chief strategy officer […]

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Guoco Midtown development to add homes, retail and office space to Beach Road district

A new mixed-use development Guoco Midtown in the Beach Road district, Guoco Midtown, will offer 200 residential units and 770,000 sq ft of office space when it is completed in the first half of 2022. There will also be more than 32,000 sq ft of retail space, which spans 2 storeys, in a development that […]

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