Property News

Property curbs make leap harder for first-time buyers, upgraders

The latest round of property curbs has come as a surprise to buyers as well as developers, who have greeted the new rules with unhappiness. Developers, in particular, have been hit with a higher Additional Buyer's Stamp Duty (ABSD) - 25 per cent instead of 15 per cent - and an extra ABSD of 5 … Continue reading Property curbs make leap harder for first-time buyers, upgraders

What the cooling measures mean for the private property market

The government is perhaps of the view that the best way to safeguard the health of Singapore’s property market and prevent it from overheating is to nip the exuberance in the bud. The demand-side measures announced on Thursday (July 5) could be the most draconian since the anti-speculative measures in 1996. Although it is just … Continue reading What the cooling measures mean for the private property market

Twenty Anson sold for $516m in biggest office property deal this year

The 20-storey Twenty Anson in Tanjong Pagar is believed to have been bought by a foreign private equity fund from CapitaLand Commercial Trust.PHOTO: CAPITALAND COMMERCIAL TRUST CapitaLand Commercial Trust (CCT) is selling Twenty Anson, a 20-storey office building in Tanjong Pagar, for $516 million in the largest office real estate deal so far this year. … Continue reading Twenty Anson sold for $516m in biggest office property deal this year

Singapore private home prices rise 3.4% in Q2, after 3.9% jump in Q1: URA flash data

The quarter-on-quarter increase in the second quarter was led by a 3.8 per cent rise in the prices of landed homes. PHOTO: ST FILE SINGAPORE - Private home prices rose 3.4 per cent in the second quarter from the previous three months, keeping pace with the 3.9 per cent increase in the first quarter, flash estimates … Continue reading Singapore private home prices rise 3.4% in Q2, after 3.9% jump in Q1: URA flash data

Jump in May home sales lifts hopes for second half

May’s firm pick-up in developers' property sales has prompted consultants to predict a take-off in the second half of the year as more new launches come onstream. While the year got off to a slow start - with residential launches lagging that of last year - developers' sales survey by the Urban Redevelopment Authority for … Continue reading Jump in May home sales lifts hopes for second half