Entries by The Colab Team

Sophia View is the first residential en bloc sale of 2019

Sophia View, a five-unit residential development in District 9, was sold in June to a private investor, making it this year’s first residential collective sale, reported Business Times. While marketing agent SRI refused to reveal the exact purchase price for the property, it shared that each unit will receive around $2 million. Located at 108 […]

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

Gibraltar Crescent site to house Singapore’s first dementia care village

A site at Gibraltar Crescent has been put up for sale by public tender to pilot a dementia care village. In a joint release, the Urban Redevelopment Authority (URA) and the Ministry of Health (MOH) revealed that the site will be specifically designed to provide a safe, home-like environment wherein residents are assisted to live […]

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

Singapore economic growth to drop to 0.9% by year-end

Fitch Solutions expects Singapore’s economic growth to fall to 0.9 percent by the end of the year, a reversal from its earlier forecast of 2.2 percent growth, reported Singapore Business Review. This comes after GDP growth shrank 3.4 percent quarter-on-quarter but increased by a measly 0.1 percent in the second quarter, after registering a 1.1 […]

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

June sales for new condos 25.5% higher than a year ago

Developers moved 821 units despite fewer units launched in June. Singapore’s private residential market achieved some semblance of stability a year after the government rolled-out additional cooling measures in July 2018. Last month, developers managed to sell 821 new units, excluding executive condominiums (ECs), even as only 670 new units were launched from four projects […]

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

Chinese buyers lead return of foreigners in Singapore’s luxury homes

Despite the cooling measures and hefty levies last year, data showed an unexpected rebound in the market as foreigners, especially Chinese buyers, are once again flocking into Singapore’s luxury property market. Chinese buyers have recently dominated the prime residential markets, taking over from affluent tycoons from Indonesia and Malaysia. While the cooling measures introduced last […]

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

Former residents among the 2,000 visitors at One Pearl Bank launch

One Pearl Bank attracted about 2,300 buyers during its opening, including former residents, two of which registered their intent to acquire units. However, a large part found that the new development is beyond their reach, even with the new payouts from the en bloc sale.  Some 2,300 prospective buyers, including former residents, thronged the sales […]

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