HDB launches 8,230 flats in November

Artist’s impression of the Tampines GreenCourt BTO project. Source: HDB UPDATED: A total of 8,230 flats were launched for sale on Tuesday (14 November) by the Housing and Development Board (HDB) in its latest sales exercise. This comprises…

Developers must now study traffic impact, propose car-lite measures for en bloc sites

The government is worried that building more housing units could cause traffic problems in future. Residential en bloc redevelopment proposals must now include a pre-application feasibility study (PAFS) to assess traffic impact and recommend…

Rosy outlook for residential market

The outlook for Singapore’s housing market appears bright, according to an article written by Cushman & Wakefield Singapore’s Research Head Christine Li that was posted on TODAYonline. One main factor fuelling this positive sentiment…

Bukit Brown road unlikely to be ready this quarter

In order to ease traffic congestion, the LTA has awarded Swee Hong Limited the contract ER 382, Construction of New Road between Adam Flyover and MacRitchie Viaduct. (Photo: Swee Hong) The $134.7 million road in Bukit Brown was originally targeted…

Land sales to hit $14b, a sign of property market resurgence

Pearlbank Apartments in Outram is a 37-storey horse-shoe shaped building that comprises 280 apartments and eight commercial units. (Photo: Colliers International) More than $3.3 billion worth of land deals, including en bloc sales, are expected…

3 HDB flats resold for over $1mil

Despite a steady drop in HDB resale prices, at least three units in Holland Village and Commonwealth have been sold for more than $1 million so far this year, reported the Straits Times. According to PropNex, one of them is a 36th-floor unit…

Almost one-third of Parc Botannia’s units sold during launch

Parc Botannia in Sengkang successfully found buyers for about 230 units at an average price of $1,270 psf after the condominium was launched for sale on Saturday (11 November), reported The Business Times. Jointly developed by Wee Hur and Sing…

Home sales via auction soar to record high

Auction sales of residential properties in Singapore hit a one-year record high of $31.9 million in Q3 2017, according to a new report from Knight Frank. By value, this respectively translates to a 40.3 percent and 166.8 percent surge from the…

Make your money work harder for you: Mortgage interest offset accounts

Housing loans are one of the biggest financial liabilities we have in our lifetime. With the current low interest rate environment, a $500k loan over the low interest would still amount to a $120k payment towards interest over a 30-year tenure.…

Greenest buildings in Singapore

Artist’s impression of the 150,000 sq ft Urban Park at Tanjong Pagar Centre. Source: GuocoLand Singapore’s Garden City vision was started in the 1960s by then Prime Minister Lee Kuan Yew. Thousands of trees were planted along roads…