Property News

Siglap Shopping Centre relaunched for collective sale; price unchanged at S$120m

Siglap Shopping Centre comprises eight commercial units and eight residential units. It has access to the dining, shopping and recreational amenities of the Siglap/Katong area. PHOTO: ORANGETEE ADVISORY Updated from : The Business Times, 4 Aug 2021 LOCAL real estate consultancy OrangeTee Advisory on Wednesday announced it is relaunching Siglap Shopping Centre for collective sale in … Continue reading Siglap Shopping Centre relaunched for collective sale; price unchanged at S$120m

Landlords to bring back previous Phase 2 (Heightened Alert) support schemes

Updated from : The Business, 21 July 2021 MAJOR landlords are bringing back the support schemes they provided last May, as Singapore enters Phase 2 (Heightened Alert) for the second time in three months. To boost online presence and purchases, CapitaLand and City Developments Ltd (CDL) will absorb the on-boarding, commission and delivery fees from … Continue reading Landlords to bring back previous Phase 2 (Heightened Alert) support schemes

Singapore’s ‘nouveau riche’ drum up luxury home demand in first half of 2021

Developers in Singapore sold 872 new private homes in June, easing 2.6 per cent from May's 895, according to data from the URA on Thursday. ST PHOTO: LIM YAOHUI Updated from : The Business Times, 15 July 2021 DEMAND for luxury and prime-area private housing picked up in the first half of this year, reflecting the gains … Continue reading Singapore’s ‘nouveau riche’ drum up luxury home demand in first half of 2021

1 in 3 HDB resale flat buyers paid cash over valuation this year, up from 1 in 5 in 2020

From January 2020 to April 2021, fewer than one in four resale flat buyers paid above market valuation for their flat.ST PHOTO: GAVIN FOO Updated from : The Straits Times, 11 July 2021 Around one in three buyers of a Housing Board resale flat paid above market valuation this year, an increase from one in … Continue reading 1 in 3 HDB resale flat buyers paid cash over valuation this year, up from 1 in 5 in 2020

Grab CEO Anthony Tan’s family buys GCB in Bin Tong Park for S$40m

The couple is expected to redevelop the property, which has a bungalow on site understood to have been built in the 1990s. PHOTO: GOOGLE MAPS Updated from : The Business Times, 9 July 2021 GRAB co-founder and CEO Anthony Tan's family has bought a property in the Bin Tong Park Good Class Bungalow (GCB) Area for … Continue reading Grab CEO Anthony Tan’s family buys GCB in Bin Tong Park for S$40m

Singapore’s shophouse transaction value up 29.9% in H1 2021

Updated from : The Business Times, 9 July 2021 SINGAPORE'S total shophouse transaction value hit S$836.1 million in H1 2021, up 29.9 per cent from H2 2020, backed by the pick-up in activity from the fourth quarter of 2020. This total was made up of the first and second quarter's transaction values of S$365.4 million … Continue reading Singapore’s shophouse transaction value up 29.9% in H1 2021

Most Singaporeans want more subsidies, strict criteria to keep flats in prime areas affordable

The most difficult challenge in formulating the new model is to ensure that flats remain affordable in the long term.PHOTO: MINISTRY OF NATIONAL DEVELOPMENT Updated from : The Straits Times, 4 July 2021 SINGAPORE - New Housing Board flats in prime areas such as the city centre and Greater Southern Waterfront can be kept affordable … Continue reading Most Singaporeans want more subsidies, strict criteria to keep flats in prime areas affordable