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New home sales hit a 14-month high in September

New private home sales in Singapore soared to its highest level in September since July 2018. Urban Redevelopment Authority (URA) data showed that developers sold 1,270 private homes in September, or up 13.1 percent from the 1,123 units moved in the previous month. The figure, which excludes executive condominiums, is also 1.4 times the 932 […]

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Private residential prices climb 0.9% q-o-q in 3Q2019, led by high prices at new launches

Flash estimates from the URA show that private residential property prices climbed by 0.9% q-o-q in 3Q2019. This is the second straight quarter that prices have increased, following the 1.5% increase recorded in 2Q2019. This means that private home prices have cumulatively increased by 1.7% since the start of the year. Private home prices are […]

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HDB resale prices increase slightly in Q3 after four quarters of decline

Prices of resale flats for the 3rd quarter of this year rose 0.1% from the 2nd quarter, according to flash estimates released by the Housing and Development Board (HDB) on Tuesday (Oct 1). The resale price index – which provides information on the general price movements in the resale public housing market – is estimated […]

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Singapore luxury apartment sales hit 11-year high, driven by Chinese demand

Sales of Singapore apartments worth at least S$10 million have hit an 11-year high, fuelled by increased demand from Chinese millionaires seeking safe-haven assets. In the first eight months of 2019, 68 condominium units in the wealthy Asian city-state were sold for S$10 million and more, the highest tally since the corresponding period of 2008. […]

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August private home sales up 81.9% from year earlier

Sales of private homes by developers in Singapore rose 81.9% in August from a year earlier, official data showed on Monday (Sept 16). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,122 units last month, compared with 617 units in the same month a year earlier. – 17 September, 2019 Read more […]

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Higher income ceilings, enhanced housing grant for HDB flat buyers

The income ceilings to qualify for the purchase of new Housing Board flats will be raised and first-time flat buyers will get more generous housing grants from Wednesday (Sep 11). The household income cap will go up from S$12,000 to S$14,000 for families looking to buy a Build-To-Order (BTO) flat. This increased cap will also apply to […]

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New condo sales jumped 30.6% in Q2

Singapore saw new condo sales volume rose 30.6 percent quarter-on-quarter to 2,246 units in the second quarter of 2019, while resale volume climbed 18.2 percent to 1,966 units. This brings total sales volume for Q2 to 4,212 units or the highest since Q3 2018 when the government rolled additional cooling measures. – September 10, 2019 […]

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9 good class bungalows sold for $211m in H1

Nine good class bungalows (GCB) exchanged hands during the first half of 2019 for a total price of $211 million, reported Singapore Business Review citing a Knight Frank report. 16 Jervois Hill at Chatsworth Park emerged as the priciest GCB at $30.9 million or $2,032 per sq ft (psf), up 74.4 percent than the median […]

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GuocoLand bids $800.2 mil for site on Tan Quee Lan Street

The top bid of $800.19 million was submitted by a joint venture between GuocoLand and subsidiaries of Hong Leong Holdings, namely Intrepid Investments and Hong Realty. The bid price translated to $1,535 psf per plot ratio (psf ppr). This is $4.2% higher than the second bid of $1,473 psf ppr submitted by City Developments Ltd […]

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Private residential project launches rose 23.1% in Q2

Developers launched 16 new private residential projects in the 2nd quarter of 2019, up 23.1% from the 13 projects registered in the 1st quarter or one of the highest quarterly figures since the 4th quarter of 2013. Of the 16 projects, 8 are located within the Rest of Central Region (RCR), with 4 each in […]

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Higher Prices Or Not, These New Condo Units Are Moving Fast

Some private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank. Amber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480 per sq ft (psf). It is […]

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Should new policies be introduced to curb the ‘lottery effect’ of Greater Southern Waterfront flats?

Prime Minister Lee Hsien Loong announced in his National Day Rally speech plans to build 9,000 public and private homes on the site of Keppel Club as part of the mega waterfront development. Stretching 30km along the southern coastline, the GSW is set to become part of the central business district (CBD), featuring commercial, residential […]

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After Fed’s rate cut, where are Singapore interest rates and home loans headed?

Home owners hoping for some relief from their monthly mortgage repayments may be in for some disappointment, even if a benchmark local interest rate, which many home loans are pegged to, has edged down following a recent rate cut by the US Federal Reserve. This as some banks have begun trimming their home loan interest […]

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9,000 new HDB and private homes in ‘Punggol by the Bay’ at Greater Southern Waterfront

About 9,000 housing units – both public and private – will be built on the site of Keppel Golf Club as part of the future Greater Southern Waterfront, said Prime Minister Lee Hsien Loong. In sketching out what the Greater Southern Waterfront (GSW) will look like, Mr Lee said the entire area will be double […]

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Boon Keng 5-room HDB flat sells for record

The 39th-floor unit at City View @ Boon Keng went for $1,205,000 – $5,000 more than the previous record for a HDB resale set by a 5-room flat in Boon Tiong Road, in Tiong Bahru, in April. Despite that record price, HDB resale prices in July decreased by 0.2% from June, although the number of […]

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Temasek-Khazanah JV confirms S$1.58 billion Duo sale

M+S Pte Ltd will sell the office and retail areas of the Duo complex for S$1.575 billion, or S$2,570 per square foot of net lettable area. The sale – to Allianz Real Estate and Hong Kong private equity firm Gaw Capital Partners – comprises Duo Tower, an office block with 570,000 sq ft of prime […]

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Phoenix Road property in District 23 sold en bloc

A row of apartments and shops in Phoenix Road near Bukit Panjang has been sold en bloc for $42.6 million to CNQC Realty (Treasure), a subsidiary of developer Qingjian Realty (South Pacific) Group. The sale price is above the owners’ asking price of $42 million, and works out to an estimated land rate of $630 […]

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Wing Tai chief sells GCB for whopping $230m

The biggest Good Class Bungalow (GCB) plot on Nassim Road, at No. 33, has been sold for $230 million, setting a new record in terms of absolute transacted price. At 84,544 sq ft, it’s one of the largest freehold GCB plots on Nassim Road that remain intact today. The seller is Winright Investment, a private […]

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Singapore private home prices climb 1.5% in Q2 to highest in at least 5 years

Private home prices in Singapore rose unexpectedly in the second quarter to hit their highest level in at least five years, with apartments around the central region and suburbs proving most popular with buyers. The private residential property index increased 1.5% to 150.8 points in the second quarter, beating an initial estimate and reversing 2 […]

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About 160 units sold at One Pearl Bank on launch weekend

CapitaLand announced that 160 units or 80% of 200 units released during the first weekend of launch, have been sold as at 5pm on Sunday, July 21. The average sale price achieved was $2,400 psf. The sales rate achieved translates to 21% of a total of 774 units in the private condo development at 1 […]

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