Cooling measures a “retardant” to property market’s recovery

With the property market expected to finally make its long-awaited recovery, some analysts see the government’s cooling measures as a “retardant” to the market’s momentum of recovery. Ong Teck Hui, national director of…

Sixth Avenue Centre joins en bloc sale frenzy

Freehold mixed-use development Sixth Avenue Centre has jumped in the collective sales bandwagon, carrying an indicative guide price of $90.5 million. Factoring a development charge of around $526,000, the price works out to a land rate of $2,022…

2 freehold landed projects off Upper Bukit Timah launching this Friday

Artist’s impression of Kismis Residences, the first new launch of 2018.   Singapore-listed property developer Low Keng Huat is launching two new freehold landed housing projects this Friday (5 January) to kick off 2018, marketing…

City Towers attempts another collective sale at $355m

Each homeowner could receive $2.45 million to $10.17 million if the sale goes through. (Photo: Colliers International)  The freehold City Towers condominium at 317-325Q Bukit Timah Road will be put up for collective sale again this Thursday…

Construction sector remained sluggish in Q4 2017

Singapore’s construction segment continued to weaken for the fourth straight quarter in Q4 2017, declining by 8.5 percent on a quarterly basis due to sluggish building activities in the private sector, reported TODAYonline, citing statistics…

880,000 HDB households to receive utilities rebates

About 880,000 Singaporean households living in HDB flats will receive GST Voucher – Utilities-Save (U-Save) rebates this month to offset part of their utilities bills, revealed the Ministry of Finance (MOF) on Tuesday (2 January). Distributed…

Gov’t spent $1.93bil on home improvement programme

The Housing and Development Board (HDB) revealed that $1.93 billion had been spent under the Home Improvement Programme (HIP) since its launch in 2007 until 31 March this year, while another $40 million was spent under the Enhancement for Active…

Private home prices up 1% in 2017: URA data

The price increase signals positive market sentiment for private housing.  Private home prices continued to rise in the last quarter of 2017 by 0.7 percent, revealed latest flash estimates of the Urban Redevelopment Authority’s (URA)…

Kovan Apartments up for collective sale for $33mil

Kovan Apartments, a four-storey residential development along Kovan Road, has been put up for en bloc sale by tender, with an asking price of $33 million, revealed marketing agent Savills Singapore. The asking price, however, excludes an estimated…

Home prices unlikely to spiral, en bloc sales to slow down

Experts expect the recovery of Singapore’s real estate market to continue this year following three years of price drops, reported the Business Times. However, prices are unlikely to rise too high, like the 38.2 percent surge between mid-2009…