Individual seeking permanent-resident (PR) status via Singapore’s Global Investor Programme (GIP) must soon invest more: at least S$10 million in a business or S$25 million in an approved fund. For those establishing…
Category: News-At-A-Glance
Developers likely to convert more retail and office buildings into private housing
Experts expect more commercial properties to be converted to residential or mixed-use developments, given the high demand for residential properties and how the residential property market has thrived during the pandemic. Since…
Revival of en bloc sales
Meyer Park was successfully sold in its third attempt at en bloc sale. The price of S$392.18 million was a notch higher than its guide price of S$390 million. The freehold sea-fronting…
US Federal Reserve Raises Key Interest Rates And Signals More Hikes Possible
THE Federal Reserve raised its target interest rate by a quarter of a percentage point on 1 February 2023, yet continued to promise “ongoing increases” in borrowing costs as part of its…
Singapore private home prices up just 0.2% in Q4 on sharp drop in sales
The rise in Singapore private home prices here cooled to 0.2 percent in the fourth quarter of 2022, as sales dropped sharply in the face of growing economic headwinds, the latest property…
Singapore’s economic growth slows to 3.8% in 2022; outlook darkens for 2023
SINGAPORE – Singapore’s economy grew by 3.8 percent in 2022, slowing sharply from the 7.6 percent growth achieved a year earlier, said the Ministry of Trade and Industry (MTI) on Jan 3,…
H1 2023 GLS supply from Confirmed List and Reserve List
The Ministry of National Development (MND) will release sites on the confirmed list that can yield about 4,090 private homes (including 700 executive condos or EC units). ECs are a public-private housing…
Home rents saw unprecedented rises in 2022 YTD
SINGAPORE Rents of landed and non-landed residential properties recorded quarterly increases of 10.9% and 8.3% in 3Q2022. According to Savills Singapore, the rental index of these property types hit record levels in…
New URA guidelines on unit sizes for non-landed projects in Central Area
DEVELOPERS will need to provide for larger homes in non-landed projects in the Central Area from January 2023, when new guidelines from the Urban Redevelopment Authority (URA) for dwelling units kick in….
Private home prices saw a 3.4% QoQ rise while HDB resale prices rose by 2.4% in Q3
PRIVATE residential property prices rose 3.4 per cent in the third quarter, largely driven by strong sales at new launches in the suburbs which notched new benchmark prices, though price growth is…