Entries by The Colab Team

Application rate for 2-room Flexi flats from singles down to 4.4

The application rate has steadily dropped in recent years due to HDB’s efforts to ramp up the supply of two-room Flexi flats. The application rate for two-room Flexi flats from singles has steadily dropped from 8.5 in 2015 to 4.4 in 2018, revealed the Ministry of National Development in Parliament on Monday (19 Nov). This […]

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

Govt: New URA rules don’t impose a minimum size

The new URA guidelines do not stipulate a minimum built-up area for private properties and instead imposes higher average sizes. National Development Minister Lawrence Wong explained that new rules announced by the Urban Redevelopment Authority (URA) last month doesn’t set a minimum size for private condos outside Singapore’s central region. “To clarify, our guidelines do […]

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

HDB to provide more help to seniors looking to unlock flat’s value

More personalised information could soon be provided to help seniors make better retirement decisions, such as the estimated proceeds from the sale of their flats. Unlocking the value of one’s HDB flat can prove to be a complex task, wrote National Development Minister Lawrence Wong in a blog post. And since every individual’s circumstance is […]

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

Nature-Inspired Stirling Residences Wins Best Private Condo Architectural Design Award 2018

  Contributor Feature By Nadia Willan A forest-inspired natural wonder of Singapore that reflects and redefines the setting of its Queenstown locale, Stirling Residences is a fine example of how development design can be inspired by the landscape along with the concept of creating a relaxing neighbourhood-style lifestyle for residents. Developed by the joint forces […]

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

Property cooling measures averted a 10-15% growth in home prices

National Development Minister Lawrence Wong clarified that the government wants to stabilise the property market so that prices may move broadly in line with income growth. While developers may want a “complete laissez faire situation” of allowing “the market to run its own course”, the government cannot take a hands-off attitude on the property cycle […]

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

New private home sales down 48% in Oct

10 Evelyn in Newton was the only residential project launched last month. Excluding executive condominiums (ECs), private home sales declined by almost 48 percent to 487 units in October compared to 932 units in the month before. On an annual basis, sales fell by 36 percent from 761 units, according to data released by the […]

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

Sengkang’s The Vales Wins Best Executive Condo Architectural Design Award 2018

SingHaiyi’s chief financial officer Gregory Sim (right) picked up the Award at the recent gala dinner.  Contributor Feature By Nadia Willan Sustainable design, durable functionality and thoughtful, efficient architecture create a unique executive condo development with The Vales. Located in Singapore’s increasingly popular neighbourhood of Sengkang, the site adopts an architectural ethos to create spacious […]

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

Fragrance Group subsidiary buys Waterloo Apartments for $131.1m

Fragrance Group plans to develop the 14,369 sq ft site into a hotel. (Photo: Cushman & Wakefield) Waterloo Apartments, a 30-unit residential development at 64 Waterloo Street within the Bras Basah/Bugis area, has been sold en bloc for $131.1 million to a fully-owned subsidiary of Fragrance Group, reported the Business Times. It plans to redevelop […]

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

Majority of shoebox apartment investors profited: Knight Frank

Owners of shoebox apartments can expect to enjoy healthy capital gains.  About 88.4 percent of resale transactions involving shoebox apartments, units smaller than 50 sq m (approx. 538.2 sq ft), made a profit, according to an analysis of caveats by Knight Frank. “A majority of investors who have put their faith in shoebox units have […]

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

CapitaLand’s net profit rose 13.6% in Q3

View of The Nassim condominium project. CapitaLand’s net profit for the third quarter of 2018 rose 13.6 percent to $362.2 million from $206.3 million in Q3 2017, on account of higher operating profit and gains from asset recycling. Operating profit for Q3 2018 increased 13.3 percent to $233.7 million, primarily due to contributions from newly […]

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