Property News

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

Singapore private home prices may jump 6-7% this year, analysts say

Updated from : The Business Times, 22 Oct 2021 THE private housing market in Singapore may well end this year on a high note, as the economy continues to recover while the luxury and rental segments could enjoy a boost from foreign demand, analysts said. This comes as overall prices of private residential properties islandwide clocked … Continue reading Singapore private home prices may jump 6-7% this year, analysts say

Most S’poreans want HDB priority schemes removed, buyers limited for resale flats in prime areas: MND report

Updated from : The Straits Times, 20 Oct 2021 SINGAPORE - Removing Housing Board priority schemes and limiting those who can buy prime HDB resale flats on the open market are two ideas the majority of Singaporeans in public consultations support to keep public housing in prime areas accessible and affordable. The majority of Singaporeans … Continue reading Most S’poreans want HDB priority schemes removed, buyers limited for resale flats in prime areas: MND report

Prime HDB flats: Accept the lottery effect

Enabling HDB owners to profit from asset appreciation alongside the smaller segment of private property owners appears fair and equitable.  BT FILE PHOTO Updated from : The Business Times, 21 Sep 2021 THE Singapore government does not want housing in prime locations to be restricted only to the affluent. It seeks to avoid having racially … Continue reading Prime HDB flats: Accept the lottery effect

What’s behind the resilience of Singapore real estate?

Updated from : The Business Times, 16 Sep 2021 THE housing market has again taken centre stage in what many have described as a property boom, with homebuyers and investors steadily picking up residential properties of all types. Across the board, price increases appear to be on the cards, be it for landed homes including … Continue reading What’s behind the resilience of Singapore real estate?

Flynn Park in Pasir Panjang sold en bloC for $371 million

Flynn Park comprises 72 apartments and sits on 208,443 square feet of freehold land.PHOTO: SAVILLS Updated from : The Straits Times, 10 Sep 2021 SINGAPORE (THE BUSINESS TIMES) - Flynn Park in Pasir Panjang has been sold for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments, property consulting group Savills Singapore announced … Continue reading Flynn Park in Pasir Panjang sold en bloC for $371 million

Marina View: Testing the ‘work, live, play’ concept within CBD

Updated from : The Business Times, 7 Sep 2021 SINGAPORE'S Central Business District (CBD) has transformed over the last decade or so. It expanded with the new business and financial precinct of Marina Bay, which houses Grade A office space at developments such as Marina Bay Financial Centre, Marina One and Asia Square. Older parts … Continue reading Marina View: Testing the ‘work, live, play’ concept within CBD