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
Property News
ABSD hike: Pre-emptive but prudent
After repeated warnings of market exuberance, the Government finally announced a new set of property cooling measures which took effect on July 6. The measures included a hike of five percentage points in Additional Buyer's Stamp Duty (ABSD) rates for individuals and 10 percentage points for entities; a new 5 per cent non-remittable ABSD on … Continue reading ABSD hike: Pre-emptive but prudent
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
Clementi resale flat crosses $1m mark
Clementi Towers, the first Housing Board project to be integrated with a mall, has flats selling above the million-dollar mark. ST PHOTO: SYAMIL SAPARI IT professional K.S. Gee paid $1.068 million for a five-room flat at Clementi Towers, the highest to date for the first Housing Board project to be integrated with a mall. He believes … Continue reading Clementi resale flat crosses $1m mark
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
Park House in Orchard fetches record S$2,910 psf ppr price in collective sale
ORCHARD property Park House has fetched a record collective sale price of S$2,910 per sq ft per plot ratio, marketing agent CBRE said on Wednesday. The freehold District 10 development at 21 Orchard Boulevard sold for S$375.5 million, translating to S$2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the … Continue reading Park House in Orchard fetches record S$2,910 psf ppr price in collective sale
HK-listed FEC acquires Singapore property
Hot on the heels of other recent property dealings here in the prime district, Hong Kong-listed Far East Consortium International (FEC) has just acquired 21 Anderson Royal Oak Residence. FEC's indirect wholly owned subsidiary, Advance Delight Global, has agreed to purchase all of the issued and paid-up capital of Highest Reach Investments, which owns the … Continue reading HK-listed FEC acquires Singapore property
Three blocks in MacPherson Lane get nod for Sers
Block 82 MacPherson Lane, one of three blocks selected for the Selective En bloc Redevelopment Scheme, which involves demolishing old blocks, offering residents new units nearby, and redeveloping the old site. PHOTO: SCREENSHOT FROM GOOGLE STREET VIEW SINGAPORE - Three Housing Board (HDB) blocks in MacPherson Lane have been picked for the Selective En bloc Redevelopment … Continue reading Three blocks in MacPherson Lane get nod for Sers
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