Entries by The Colab Team

Rain, Rain, Go Away: Singapore’s problem with flash floods

For those suffering from travel bug bites and sighing at the inability to travel to Norway or Japan to catch snow during the Winter season, the weather here in Singapore has not disappointed much in the first two weeks of 2021. With temperatures reaching an all-time low of about 21.4℃ due to heavy torrential rainfall, […]

This post was originally published on Redbrick Blog Section

HDB issues $800mil fixed rate notes

In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.  The Housing and Development Board (HDB) on Tuesday issued $800 million, five-year fixed rate notes, with a coupon of 0.635% per annum. Payable semi-annually in arrear, the notes will mature on 19 January 2026. They are in denominations […]

This post was originally posted on Property Guru Property Market News Section

Ministerial comments, rising prices spark talk of additional property cooling measures

Minister Desmond Lee’s urge for Singaporeans to exercise prudence when acquiring property and the recent rise in private home prices have experts believing them as signals for another round of cooling measures. Analysts consider recent ministerial remarks on the property market as a signal of another round of cooling measures. Deputy Prime Minister and Finance Minister Heng Swee […]

This post was originally posted on Property Guru Property Market News Section

More homeowners installing CCTVs outside HDB flats

According to the law, residents in HDB flats are not allowed to install CCTV cameras outside their units, unless approved by the HDB.  A question on the installation of a closed-circuit television (CCTV) camera outside HDB flats drew mixed reactions from Singaporeans, with some saying it is acceptable for them. Posed on 12 January to the Facebook […]

This post was originally posted on Property Guru Property Market News Section

Public sector projects to drive construction sector’s recovery

The Cross Island MRT Line, relocation of Singapore Science Centre and the Toa Payoh Integrated Development are amongst the upcoming major public sector projects that will contribute to construction demand in 2021. Construction demand is projected to recover in 2021, driven by public sector which is expected to contribute 65% of total demand, revealed the Building […]

This post was originally posted on Property Guru Property Market News Section

More macaques sighted near new housing project in Punggol

Residents attribute this to the increase in development within the area and to food left by humans. A person caught feeding monkeys faces fines of up to $5,000 for a first offence under the Wildlife Act, with the amount doubled for repeat offenders. While Punggol residents are used to seeing a small number of monkeys within […]

This post was originally posted on Property Guru Property Market News Section

Normanton Park sells 600 residential units at $1,750 psf on first day of sales

The mixed-use development saw around 80% of the units sold in one- and two-bedroom units during its first day of sales. Buyers also snapped three commercial units. Image: Normanton Park Normanton Park sold about 600 residential units at an average price of $1,750 per sq ft (psf) during its first day of sales on 16 January (Saturday). […]

This post was originally posted on Property Guru Property Market News Section

Developer sales up in December, highest since 2012

Analysts expect the sales momentum in December to spill over to January 2021. However it is anticipated that while demand for new homes may remain high, the supply of new launches may decline this year. Image: Clavon, whose launch in December sold 473 units Developers in Singapore sold 1,217 units new private homes in December, up 57.2% […]

This post was originally posted on Property Guru Property Market News Section

Growing demand for Sentosa Cove bungalows

Singapore continues to draw foreign buyers despite travel restrictions, partly due to its success in handling the pandemic. Sentosa Cove is the only place where a foreigner may seek approval to acquire a landed residential property for their own use. Real estate agents expect the healthy sales momentum for bungalows within Sentosa Cove’s waterfront housing district to continue this […]

This post was originally posted on Property Guru Property Market News Section