Vincent Ong 6598531741

Singapore private home prices eke out surprise 0.3% rise in Q2

Defying Covid-19 circuit breaker measures and a recession, private home prices in Singapore edged up 0.3% in the second quarter from the previous 3 months, according to final data from the Urban Redevelopment Authority (URA) on Friday (July 24). The URA also said that prices of landed properties remained unchanged in the second quarter of […]

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MAS Annual Report 2019/2020

The property market has remained stable, thanks in part to the macroprudential measures in place and new temporary relief measures in response to COVID-19. The property cooling measures — progressively implemented over the last 10 years — have helped to temper price increases and bring prices more in line with underlying economic fundamentals. The stabilization […]

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Vincent Ong 6598531741

Show galleries to remain closed even after 1 June

Show galleries that were set up by property developers to market and sell properties “shall remain closed until further notice. Urban Redevelopment Authority (URA) has said that show galleries by developers shall remain closed even as the circuit breaker measures is gradually lifted from 2 June. – May 22, 2020 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2020/5/188535/show-galleries-to-remain-closed-even-after-1-june

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Private home sales hit five-year low in March, set to worsen with April’s circuit breaker

Sales of new private homes hit a five-year low in March as tightened Covid-19 safe distancing measures resulted in fewer major condominium launches and shuttered showflats, data from the Urban Redevelopment Authority showed on Wednesday (April 15). Excluding executive condominiums (EC), a total of 660 units were sold last month, a steep 32.4% drop from […]

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Announcement (Updated on 21 April 2020)

In accordance with Singapore Government’s latest measures to contain the COVID-19 outbreak, Urban Redevelopment Authority (URA) has issued an advisory to all developers with a sale licence to close their show galleries from 7 April to 1 June 2020 (inclusive). All on-site, physical property transaction activities should be postponed until after 1 June 2020 or […]

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Vincent Ong 6598531741

New home sales up 114% in Feb, amid virus outbreak

Analysts cite reasons such as low interest rates and competitively priced projects. Singapore’s new home sales last month surged more than 114% from a year ago, defying the coronavirus outbreak and a looming global recession. Posting the 2nd-strongest February sales performance in 8 years, developers moved 975 private homes – up 57.3% from the 620 […]

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February’s private home sales up over 57% month-on-month: URA

DEVELOPERS in Singapore sold 975 private homes in February, 57% higher than January’s take-up, as more units were launched for sale last month. 933 units were launched in February, of which 601 were in the Core Central Region, 115 in Rest of the Central Region and 217 were Outside the Central Region. – Mar 16, […]

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New private home sales rebound; strongest January showing in 7 years

Sales of new private homes rebounded last month, marking the strongest January showing in 7 years. Developers sold 618 homes – excluding executive condominiums – last month, 14.9% higher than the 538 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Feb 17). This was also 41.4% more […]

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Vincent Ong 6598531741

Private home prices expected to rise this year after 2.5% gain in 2019

PRICES of private homes in Singapore are expected to rise by between 1 and 5% this year, analysts say, after clocking a 2.5% gain in 2019. In the 4th quarter of last year, prices of landed property rose 4 per cent, after edging up 1% in Q3 2019. Dr Lee Nai Jia, head of research […]

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Vincent Ong 6598531741

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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Vincent Ong 6598531741

What could be driving private home prices to an estimated five-year high?

Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high. This is based on second quarter flash estimates published on Monday (July 1) by the Urban Redevelopment Authority (URA). FACTOR 1: WEIGHT OF EN-BLOC MONIES FACTOR 2: NEW PROJECT LAUNCHES AT HIGHER PRICES FACTOR […]

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Vincent Ong 6598531741

URA launches 3 residential sites under 1H2019 GLS Programme

Together, the 3 sites are expected to yield around 1,545 residential units. Launched for sale under the confirmed list, the residential with commercial at 1st storey site at one-north Gateway has an area of 5,778.7 sq m and a maximum gross floor area (GFA) of 14,447 sq m. The residential sites at Hillview Rise and […]

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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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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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Normanton Park hit with ‘no-sale licence’

With close to 1,900 units, the new development on the former Normanton Park en bloc site was going to be one of the biggest residential projects to be launched in 2019. It would be second only to the 2,203-unit Treasure at Tampines – the biggest private condo in Singapore to date – which was launched […]

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New private home sales jump 47% in March as developers roll out multiple projects

Sales of new private homes in Singapore surged 47.2 per cent year-on-year in March as developers rolled out multiple projects following the seasonally slow Chinese New Year festive period. Additionally, 25 new private homes sold last month were above S$5 million, the highest number recorded for a single month since December 2013. Of the 25 […]

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URA Draft Master Plan to spark more home sales

Knight Frank expects the recently announced Draft Master Plan 2019 to encourage more sales within the areas that have been earmarked for future development. “While buying sentiment is subdued by the recent cooling measures, the announcement of the Draft Master Plan 2019 is likely the bright spark to trigger more sales activity, especially in areas […]

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URA plans new homes in CBD, including Shenton Way and Tanjong Pagar

To that end, the Government will give developers a higher gross plot ratio – the permissible development intensity of a land parcel – to encourage them to convert ageing offices into hotels and homes. “We want to introduce a broader mix of uses so that the CBD is not only a place to work, but […]

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Marina One Residences Project Team Leader 6598531741

Marina One Residences Feb 2019 Update

‼️ MARINA ONE RESIDENCES ‼️ Select premium and modern units from just S$21xx per square foot. Have a pick from 1 to 4 bedrooms and penthouses. Premium units are selling fast. Make an appointment today with Appointed Marketing Agency, Knight Frank, for an exclusive and private viewing now. ▪ 1 Bedroom (Garden view) 678 sq […]

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Govt to reveal underground master plan in 2019

The Singapore government plans to announce an Underground Master Plan next year in a bid to maximize the use of its precious resources, reported Reuters. The city-state has been reclaiming land for decades to help meet its space needs amidst its land area of 721.5 sq km, which is smaller than neighbouring Johor’s 19,102 sq […]

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