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…
Category: News-At-A-Glance
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…
Unsuccessful En Bloc Attempts
The public tender sale of Orchard Bel Air closed on Sep 6, 2022 without a bid. Its owners have entered into discussions with potential buyers under the 10-week private treaty phase. Located…
TE Capital, Lasalle Investment Management JV Eye Forward Sale of New Office Project on Cecil Street
The TE Capital Partners and LaSalle Investment Management tie-up that owns the PIL Building along Cecil Street is considering a forward sale of the new 20-storey freehold office project to be built…
Two Private Residential Sites in Bukit Timah Link and Hillview Rise for Sale
Developers’ interest is expected to be healthy for two 99-year leasehold government sites in Bukit Timah and Hillview areas, Singapore. The two sites where new private home supply is limited amid strong…
National Day Rally 2022: Future Plans for Singapore
At the National Day Rally 2022 held on August 21, Prime Minister Lee Hsien Loong announced plans for a “new business and lifestyle destination” to be built next to Changi Airport Terminal 5…
11 new MRT stations in Stage 3 of Thomson-East Coast Line to open by end of the year
The Land Transport Authority (LTA) handed over 11 stations in the third stage of the Thomson-East Coast Line (TEL) to SMRT on Aug 17 for the rail operator to carry out further…
More MAS tightening expected as Singapore inflation has yet to peak
On July 14, the Monetary Authority of Singapore (MAS) announced it would re-centre the mid-point of the Singapore dollar nominal effective exchange rate policy band to help slow the momentum of inflation…