MTI sees GDP growth forcast in 2019 and 2020

Singapore’s economy is expected to have a growth of “0.5 to 2.5%” in 2020. The Ministry of Trade and Industry (MTI) expects that the Singapore economy to grow by 0.5 to 1.0% this year and by 0.5 to 2.5%” in 2020, according…

Proportion of condominium buyers with HDB addresses fall to 29.5%

Meanwhile, the proportion of condominium units sold to private homebuyers stood still at 50% from the previous quarter. The proportion of condominium units sold in in Q2 2019 to those having HDB addresses dropped to 29.5% from 37.8% in Q1, reported…

Economists give positive adjustments to Singapore’s GDP predictions

This comes as a poll conducted by Reuters showed that the final gross domestic product in Singapore is expected to be higher than the government’s advance estimates. Singapore’s economy in the third quarter of 2019 is projected to…

Liang Court redevelopment to include 700 prime condo units

The site currently consists of Liang Court shopping centre, Novotel Singapore Clarke Quay, Somerset Liang Court Singapore. Photo: CapitaLand In a joint announcement by City Developments Limited (CDL), CapitaLand, and Ascott Residence Trust…

Robust interest for larger BTO flats in Ang Mo Kio, Tampines

Competition for Tengah’s bigger flats, however, was sparse. Image: HDB Bigger Build-to-Order (BTO) flats within the mature estates of Tampines and Ang Mo Kio proved to be a hit among homebuyers at a Housing and Development Board (HDB)…

Frasers Property cautiously optimistic of Singapore’s residential market

The group has been cautious in acquiring residential sites given that land prices remain high while the take-up rate has been slow. High land price and low take-up rate of properties in Singapore have prompt Frasers Property Limited to take…

Condominium resales fall 8.5% in Q3 2019

The Rest of Central Region (RCR) recorded the biggest resale drop of 10.7%, while the Outer Central Region (OCR) and the Core Central Region (CCR) both recorded 7.6% declines. Island-wide condominium resale volumes in Q3 2019 dropped 8.5% quarter-on-quarter…

Private home sales drop 27% in October

However, the sales figures still show an 84.9% increase compared to a year ago. New private home sales in Singapore fell 27% in October from September, reported Channel News Asia, according to data released by the Urban Redevelopment…

Digital platform, Showsuites, allows for faster booking of homes

The digital booking platform not only helps to reduce hundreds of thousands of sheets of paper, but it also helps to trim the average booking transaction time by half.  Since August 2018, more than 1,000 units and US$1 billion (S$1.36 billion)…

New condominium sales rose 49.2% QoQ in Q3 2019

Despite a dip in new project launches, more units put up for sale compared to Q3 2018.  New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018, reported Singapore…