CDL bids $768m for Jalan Tembusu site in state land sale, consortium bids $586.6m for Lentor Hills site

Eight bidders vied for a 99-year leasehold residential site at Jalan Tembusu near the East Coast. PHOTO: SCREENGRAB FROM GOOGLE MAPS Updated from : The Straits Times, 19 Jan 2022 The results of the first two state tenders that closed on Tuesday after new cooling measures were introduced indicated that developers are still land hungry but more cautious. … Continue reading CDL bids $768m for Jalan Tembusu site in state land sale, consortium bids $586.6m for Lentor Hills site

Singapore announces new property cooling measures

The Singapore government on Wednesday (15 Dec) announced a slew of measures to cool the red-hot private residential and housing development board (HDB) resale markets. PHOTO: SPH Updated from : The Business Times, 16 Dec 2021 SINGAPORE on Wednesday moved to cool its housing market amid rising concerns that the property boom might tip the market … Continue reading Singapore announces new property cooling measures

New cooling measures overturn sanguine outlook for new private home market for 2022

The 99-year leasehold condominium is now the best-selling project launch in the Central Area this year. CAPITALAND/CITY DEVELOPMENTS Updated from : The Business Times, 16 Dec 2021 DEVELOPERS'  prognosis for the positive momentum in private housing spilling over into 2022 was overturned last night when the government announced a slew of property cooling measures. In the … Continue reading New cooling measures overturn sanguine outlook for new private home market for 2022

Resale condo prices up for 16th straight month in November, longest consecutive rise since 2013

Compared with November last year, prices are up by 9.3 per cent, data showed.PHOTO: ST FIL Updated from : The Straits Times, 14 Dec 2021 SINGAPORE - Condominium prices in Singapore continued to rise last month, inching up by 0.8 per cent to mark the 16th consecutive month of price rises, according to flash figures … Continue reading Resale condo prices up for 16th straight month in November, longest consecutive rise since 2013

MAS warns Singapore households on rising mortgage debt ahead of potential interest rate hikes

Household debt as a percentage of GDP rose to 70 per cent in the third quarter of this year from 67.1 per cent a year ago. PHOTO: ST FILE Updated from : The Straits Times, 6 Dec 2021 Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a … Continue reading MAS warns Singapore households on rising mortgage debt ahead of potential interest rate hikes

Two prime Pine Grove sites launched for sale; plots can yield over 1,000 condo units

Updated from : The Business Times, 30 Nov 2021 THE Urban Redevelopment Authority (URA) has released for sale 2 residential sites at Pine Grove (Parcels A & B), it said in a statement on Tuesday (Nov 30). The sites are released under the reserve list of the second half 2021 government land sales (GLS) programme. … Continue reading Two prime Pine Grove sites launched for sale; plots can yield over 1,000 condo units

More HDB upgraders buying condos as resale flat prices rise

Some 7,169 buyers with HDB addresses bought new and resale private homes in the first three quarters this year.PHOTO: ST FILE Updated from : The Straits Times, 15 Nov 2021 More Housing Board upgraders are snapping up condominium units in a buoyant property market, spurred by resale flat prices climbing faster than those for private … Continue reading More HDB upgraders buying condos as resale flat prices rise

International Plaza fails to get URA’s nod for CBD Incentive Scheme

Observers don't see major fallout for other qualifying buildings; the 45-year-old International Plaza is unique, being massively overbuilt vis-a-vis Master Plan 2019 and with a reasonably-sized residential component.. BT FILE PHOTO Updated from : The Business Times, 1 Nov 2021 THE Urban Redevelopment Authority (URA) has turned down an outline application for the proposed redevelopment of … Continue reading International Plaza fails to get URA’s nod for CBD Incentive Scheme

New rules for prime HDB flats not likely to impact private market: analysts

Located along Kelantan Road and Weld Road, the pilot project will include 960 units comprising 3-room and 4-room flats which will be offered for sale.  PHOTO: HDB Updated from : The Business Times, 28 Oct 2021 The new prime-location public housing (PLH) model is likely to have little impact on private residential demand, analysts say. … Continue reading New rules for prime HDB flats not likely to impact private market: analysts

UOL and Singapore Land jointly purchase Watten Estate Condominium en bloc for $550.8 mil

Watten Estate Condominium could potentially be redeveloped into a new 286 unit new residential project based on the minimum average size of 100 sqm or f 1,074 sq ft (Photo: Samuel Isaac Chua/EdgeProp Singapore) Updated from : EdgeProp Singapore; 28 Oct 2021 A joint venture between UOL Group and Singapore Land Group has emerged as … Continue reading UOL and Singapore Land jointly purchase Watten Estate Condominium en bloc for $550.8 mil