• Supply glut may not occur, there will be strong growth for condo prices: JLL

    An excess is unlikely to happen in Singapore’s private suburban market due to the pessimistic look of the Real Estate Developer Association of Singapore (REDAS). This may lead to new property curbs that would erode market confidence and worsen the high supply condition, reported Channel NewsAsia.

    According to the recent survey from JLL Singapore and the ...

  • Analysts at odds on Daintree Residence’s pricing

    The analysts at odds due to the pricing of Daintree Residence, it is set for launch on 28 July. According to the Business Times, some people believed it is reasonable while other claimed it is on the high side.

    According to SP Setia’s general manager Neo Keng Hoe, “This is the first condominium to launch since ...

  • Freehold condo Sutton put up for sale at $268m

    Sutton Place is a five-storey residential development located along Farrer Road. According to Knight Frank Singapore, it has been put up for sale with a fixed price of about $268 million.

    Based on the confirmation from related authorities, a development charge of $17.88 million is allocated for the redevelopment of the freehold condo. This is converted ...

  • URA orders a comprehensive survey on Airbnb-type rents

    According to public consultation, URA received mixed reviews and will continue to scrutinize the conditions.

    Based on the mixed results received through the public consultation, the Urban Redevelopment Authority (URA) has specially assigned a research organization to conduct a detailed survey of Singaporeans analyses on short-term accommodation, reported by the Straits Times. 

    URA believed that ...

  • The Horizon Towers extends the tender closing date due to the new curbs

    According to marketing agent JLL, Horizon Towers has postponed its en bloc sale tender closing date starting from 7th August to 12th September.

    It was noted after the government introduced a new round of property measures that took effect following the 211-unit development launched for sale on 5th July.

    Under the new policy, the government increased the ...

  • The Urban Redevelopment Authority to rezone some suburban locations in Tiong Bahru

    On the 24th July 2018, the Urban Redevelopment Authority (URA) declared that it would begin to rezone sites surrounded by the Tiong Bahru estate from “residential apartment” to “commercial resident at the 1st storey.”.

    According to URA, the estate has about 800 buildings and 120 approved businesses located at the first storey residential ...

  • Far East siblings named as Singapore’s richest people

    The net worth of the top 50 richest people in Singapore jointly increased by 11% to almost US$116 billion, with two real estate magnates claiming the top position, according to the rankings released by Forbes.

    Brothers Robert and Philip Ng, the owners of the Far East Company, clinched the top spot after they ...

  • 99-year leasehold site at Anchorvale Crescent Activated for sale

    A site at Anchorvale which happens to be an executive Condominium (EC) has been activated for sale through public tender. This followed the investment made by a developer to the tune of $255 million in bid. This information was made available to the public on Wednesday, 25th July by the Housing and Development Board (HDB)

    Previously ...

  • Developers reduce prices in response to regulation measures.

    The developers in charge of the The Tre Ver apartment situated in Potong Pasir has taken a decision to offer considerable discounts to draw homebuyers in the wake of a new property regulation  measures.

    “In the neighbourhood, we are quite aware that an apartment sells for $ 1,750 psf on the average, and if we would ...

  • Residential auction sales dropped in first half 2018: Colliers

    There has been an increase in the number of properties offered for auction, however sales have reduced.

    The total number of properties in Singapore added to the auction block, together with re-listings, surged to   21.7 % year-on-year to 454 or the maximum since the second part of 2009, Colliers international report outlined.

    Out of this figure, ...