Property News

Sales drop sharply in February for new private homes; Chinese New Year lull and supply issues likely causes, analysts say

A view of the prime district area around Orchard Road with hotels and residential housing Updated from : Today Online, 16 Mar 2021 The sales of new private homes fell in February compared with the month before, which experts attribute to a lower supply due to the Chinese New Year. Developers typically hold back on … Continue reading Sales drop sharply in February for new private homes; Chinese New Year lull and supply issues likely causes, analysts say

Condo resale prices rise for 7th consecutive month in February

Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said more buyers are considering resale condos as new-home prices have been holding firm despite the pandemic. ST PHOTO: LIM YAOHUI Updated from : The Straits Times, 11 Mar 2021 There was no let-up in the private resale market last month with condominium … Continue reading Condo resale prices rise for 7th consecutive month in February

2 freehold residential properties near Somerset put up for sale

The guide prices are $376 million for The Bayron (right) and $66 million for Devonshire Apartment.ST PHOTO: CHONG JUN LIANG Updated from : The Straits Times, 10 Mar 2021 SINGAPORE (THE BUSINESS TIMES) - Two residential properties in Devonshire Road - The Bayron, a condominium, and Devonshire Apartment, a serviced apartment tower - have been … Continue reading 2 freehold residential properties near Somerset put up for sale

Kai Fook Mansion in Tiong Bahru launched for collective sale at S$123m

The 9,999-year leasehold site is a three-minute walk to Tiong Bahru MRT station and Tiong Bahru Plaza mall. PHOTO: HUTTONS ASIA Updated from : The Business Times, 9 Mar 2021 KAI Fook Mansion, a walk-up apartment located at Kim Tian Road, is up for collective sale via public tender with an asking price of S$123 million, … Continue reading Kai Fook Mansion in Tiong Bahru launched for collective sale at S$123m

Two adjoining GCBs on Ewart Park and Holland Rd for sale at S$35m and S$31m respectively

Updated from : The Business Times, 9 Mar 2021 TWO adjoining Good Class Bungalows (GCBs) on Ewart Park and Holland Road have been put up for sale with an indicative price tag of S$35 million and S$31 million respectively, said sole marketing agent Edmund Tie on Monday. Both freeholds have a total site area of … Continue reading Two adjoining GCBs on Ewart Park and Holland Rd for sale at S$35m and S$31m respectively

En bloc deals: Surrey Point sold for S$47.8m; Mt Emily Rd site fetches S$18m

Surrey Point (left) was sold to an Amara joint venture for S$47.8 million, while 2, 4 and 6 Mount Emily Road (right) changed hands for S$18 million in this year's first en bloc deal. PHOTOS: SRI, EDMUND TIE Updated from : The Business Times, 5 Mar 2021 ACTIVITY is picking up in Singapore's en bloc property … Continue reading En bloc deals: Surrey Point sold for S$47.8m; Mt Emily Rd site fetches S$18m

Pandemic will change S’pore’s land-use plans and designs: Indranee

Updated from : The Straits Times, 5 Mar 2021 The coronavirus pandemic will change Singapore's land-use plans and designs, and has already raised questions on how much office and retail space is needed as people shift towards e-commerce and telecommuting, said Second Minister for National Development Indranee Rajah yesterday. To guide future development, the Ministry … Continue reading Pandemic will change S’pore’s land-use plans and designs: Indranee

Monthly record of 23 million-dollar HDB resale flats sold in February

With 13 million-dollar flats sold in January, the number of such buys total 36 for the first two months of the year - compared to just eight for the same period in 2020. PHOTO: CMG Updated from : The Business Times, 5 Mar 2021 The Housing Board resale market continued to perform strongly in February as … Continue reading Monthly record of 23 million-dollar HDB resale flats sold in February

Asia’s ultra-rich rank S’pore as region’s top pick for luxury homes

Updated from : The Straits Times, 2 Mar 2021 Singapore has become one of the world's most sought-after locations for buying investment homes as its safe-haven reputation has been further strengthened by moves to successfully manage the pandemic and support businesses. According to Knight Frank's Wealth Report released today, private home prices in the country's … Continue reading Asia’s ultra-rich rank S’pore as region’s top pick for luxury homes

Development charges down for commercial use, up for residential

Development charges (DC) for commercial land use have decreased while those for residential land use were raised, with the largest increases in prime areas such as Orchard Boulevard, Stevens Road, River Valley Road and Bukit Timah Road. DC rates for commercial land use were adjusted down by 1.5 per cent on average in the latest … Continue reading Development charges down for commercial use, up for residential