Property News

Foreigners are making a comeback in Singapore’s residential property market after pulling back from it in 2012, following the implementation of the additional buyer’s stamp duty (ABSD). Based on the number of caveats lodged, statistics by the Urban Redevelopment Authority (URA) show that purchases by foreigners increased by 48% to 794 units in 1H2017 compared … Continue reading 5 foreign nationalities snapping up Singapore property in 2017

Home owners at freehold condominium Cairnhill Mansions are looking to ride the wave of collective sales as they gear up for their fifth attempt at selling their estate. The public tender will be called within weeks, marketing agent CBRE said yesterday. Owners are floating a guide price of $362 million, a shade higher than what … Continue reading Cairnhill Mansions makes fifth bid to sell en bloc

              Normanton Park estate near Kent Ridge Park has been sold for $830.1 million in one of the biggest collective sale deals seen here, it was announced last night. The price paid by Chinese firm Kingsford Huray Development is the highest land rate - that refers to price per … Continue reading Normanton Park sold en bloc for $830.1 million

SINGAPORE: As the collective sales market picks up, more former Housing and Urban Development Company (HUDC) estates are jumping on the bandwagon to go en bloc. A check conducted on Monday (Oct 3) showed that all remaining ex-HUDC flats are already at some point of the process Out of the 18 former HUDCs, 11 have … Continue reading All remaining 7 ex-HUDCs have started en bloc process

SINGAPORE - Housing Board resale flat prices fell by 0.6 per cent in the third quarter of 2017, compared with the previous quarter. Compared with a year ago, third-quarter prices dropped 1.3 per cent. This is according to latest flash estimates released by the HDB on Monday (Oct 2) and follows a general downward trend in … Continue reading HDB resale prices fall by 0.6% in Q3

SINGAPORE - Amber Park, a 200-unit development in Amber Gardens, has been sold in Singapore's latest collective sale to two units linked to City Developments (CDL) for S$906.7 million. This makes it a record amount garnered in a freehold collective sale in Singapore to date, said marketing agent JLL. The winning bid also smashes the … Continue reading CDL snaps up Amber Park for $906.7m, setting new record for freehold en-bloc sale

THIRD-QUARTER flash estimates for private home prices have showed the first uptick after four years - 15 straight quarters - of decline. The private residential property index of the Urban Redevelopment Authority (URA) rose 0.5 per cent in Q3, compared to a 0.1 per cent dip in Q2. The index had fallen more than 11 … Continue reading First price rise in four years backs talk of property rebound

After a holding period of more than 12 years, the seller of a 3,240 sq ft, four-bedroom penthouse at Park Infinia at Wee Nam made a $2.71 million (113%) profit, or 6.4% a year. The previous owner bought the two-level penthouse from developer Keppel Land at $2.4 million ($741 psf) in August 2005, before Park … Continue reading Park Infinia at Wee Nam penthouse sold at $2.7 mil profit

Downtown Line 3 (DTL3) stations will open on October 21 and will complete the third and final phase of the 42km Downtown MRT line that links the north-western and eastern housing estates to the old and new downtowns. Locations of the 16 DTL3 stations were announced in August 2011, and include interchange stations at MacPherson, … Continue reading East Coast properties get a boost from new DTL3 stations