Wing Fong Court condominium up for collective sale for S$108m

Meanwhile, the adjacent condo, Wing Fong Mansions, might also be put up for collective sale soon. Image: Google Wing Fong Court in Geylang has been put up for collective sale by PropNex Realty with a $108 million reserve price, reported The…

Here’s why you should start diversifying your portfolio

Diversification is the process of spreading your investments around to more than one type of assets. Essentially, it is to “place your eggs into different baskets”. This practice has one important role in your investment strategy:…

Developers' to remain cautious in aggregating land in 2020

Developers have slowed down in their land-banking activity as they wait for demand for private homes to grow.  Having replenished their land banks during the 2016 to 2018 en bloc fever, developers have slowed down in their land-banking…

Research shows link between developers playing golf and bids for government auctions

The group of researchers say that insider trading among the top executives of real estate development firms happens on golf courses.  By analysing the public records of golf players in Singapore and the bids that developers made for government…

Around 20,000 HDB units annually to hit MOP starting 2020

Flats that will hit the MOP is expected to reach 17,000 to 19,000 annually over the next 10 years. Starting from 2020, there will be about 20,000 HDB units that will come off their minimum occupation period (MOP), reported Singapore Business…

New private home sales drop 53.1% in December

Parc Botannia sold the most units in December 2019.    With 370 residential units launched in December, developers sold 538 new private homes last month, down 53.1% month-on-month and 10.6% year-on-year, according to developers’…

Foreign buyers show resilience in the luxury condo market

While the cooling measures in 2018 have dampened demand for residential properties, foreigners who bought top-end condos are showing more resilience.  The cooling measures implemented in July 2018 may have lowered general home-buying demand,…

Knight Frank report: Auction listings jumped 23.9% in 2019

The surge in mortgage sale listings was due to higher retrenchments, hikes in interest rates, and drop in rental payments. Given the subdued economic growth in 2019, Singapore saw the number of auction listings, including repeat listings, jump…

Tenders for Jalan Bunga Rampai, Irwell Bank Road sites awarded

Wee Hur Development and CDL were the highest bidders for the GLS sites. Photo: Irwell Bank Road site.  The tenders for two residential Government Land Sales (GLS) sites at Jalan Bunga Rampai and Irwell Bank Road have been awarded the highest…

Casa Sophia finally sold en bloc for $29 million

The price works out to a land rate of $1,200 per sq ft per plot ratio (psf ppr). Casa Sophia, a 12-unit freehold residential development located along Sophia Road, has been sold en bloc for $29 million, reported The Business Times. Including…