Property News

Of the amount already given out, the biggest chunk was in the form of wage subsidies under the Jobs Support Scheme.PHOTO: ST FILE Singaporean workers and businesses have received more than $16 billion from government support packages so far. Second Minister for Finance Indranee Rajah gave the update yesterday, noting that "disbursing $16 billion in … Continue reading Coronavirus: Over $16b in govt aid disbursed to Singaporeans, businesses

Demand for renting both private apartments and Housing Board flats plunged last month because of the circuit breaker measures, which prevented prospective tenants from visiting and viewing properties offered for lease, said market observers. The month-on-month drops are also the largest in percentage terms since at least 2011. The number of non-landed private homes leased … Continue reading Condo, HDB rental volumes plunge amid circuit breaker

The relief measures will last for six months, with the possibility of being extended for a further six months.PHOTO: ST FILE Property buyers who are finding it hard to make payments on account of the Covid-19 pandemic can get temporary reprieve under a new law that buys time for individuals and businesses to satisfy the … Continue reading Coronavirus: Relief for home buyers with payment problems

The pandemic could spark greater collaboration among competitors.ST PHOTO: LIM YAOHUI The Covid-19 pandemic has been challenging for businesses and governments, but it is also a good opportunity for businesses to transform and collaborate, said analysts. Professor Lutfey Siddiqi, visiting practice professor at the London School of Economics, said Covid-19 could prompt closer scrutiny of … Continue reading Pandemic is opportunity for businesses to transform, collaborate

An artist's impression of Jem's exterior featuring Ikea's billboard. The Swedish retailer will take over some of the the space now occupied by Robinsons.PHOTO: IKEA Swedish retailer Ikea will be expanding to the west of the island and opening its third outlet in Singapore at Jem next year. The 70,000 sq ft store, to be … Continue reading Ikea to open new store at Jem next year

  The Housing Board resale volume last month is lower than the previous record low, in May 1990, when 778 flats were resold. It is also lower than the 2,160 flats resold in April 2003 during the severe acute respiratory syndrome outbreak. Overall, resale prices last month were 0.04 per cent lower than in March, … Continue reading HDB resale volume falls 78% to record low

HIGHLY indebted owners continue to hold out even as more homes go under the hammer amid worsening economic conditions due to the Covid-19 pandemic. Only one property was sold at auction in Q1 2020 as sellers baulk at firesale prices. Auctioneers say prices may drop 5-8 per cent later when mortgage relief measures end by … Continue reading More mortgagee listings go under hammer but buyers come up empty as sellers refuse to blink

The consortium will also transfer half of an outstanding shareholders' loan to Alibaba Singapore.ST PHOTO: KELVIN CHNG A consortium led by Perennial Real Estate Holdings will divest a half-stake in AXA Tower to Chinese e-commerce giant Alibaba Group's Singapore subsidiary, which is an anchor tenant at the property. Work on redeveloping the 50-storey Grade A … Continue reading Perennial, SPH consortium to sell half-stake in AXA Tower to Alibaba

Temporary relief measures have been passed to support those affected by disruptions to construction timelines, operations at sales galleries, and home viewings. (Picture: Samuel Isaac Chua/The Edge Singapore) The government announced temporary relief measures for property developers and individuals affected by disruptions to construction timelines and sales of housing units as a result of the … Continue reading Developers get six-month extension for project completion amid construction timeline disruptions

Several policy changes to help young home buyers get their first homes have been rolled out in recent years.PHOTO: ST FILE SINGAPORE - From Wednesday (Sept 11), more first-time buyers will get higher grants and more flexibility to choose the size of their flat and where it is located. The income ceiling for eligible buyers … Continue reading More first-time HDB flat buyers to get higher grants; income ceiling for eligible buyers raised