PropNex positive of private home market’s long-term outlook

The real estate firm noted that the month-on-month rebound in new home sales in May and the return of homebuyers to acquire units during Phase 2 of the circuit breaker is “a potential sign of underlying demand, particularly for strategically-priced…

Residential block at Mount Emily Road up for en bloc sale for $24mil

Situated at 2, 4 and 6 Mount Emily Road, the property comprises three adjoining units of three-storey buildings with attic and basement. Photo: Edmund Tie A freehold residential block within prime District 9 has been put up for collective sale…

Government unveils $1.36bil support package for the construction sector

Dubbed the Construction Support Package, the fund aims to help construction firms offset additional compliance costs due to COVID-19.  With migrant workers in dormitories comprising the majority of COVID-19 cases in Singapore, the government…

How will technology reshape the real estate sector in the new normal?

If there is one thing that the COVID-19 pandemic has taught us, it is that technology can truly reshape the way we work, live and play. With workers and families forced to make the best out of the situation while hunkering down in their respective…

Government cuts confirmed lists sites due to COVID-19

The Confirmed List includes one executive condominium (EC) site at Tengah Garden Walk that can yield 615 units. The supply of private housing units from the Confirmed List sites under the Government Land Sales (GLS) Programme for the second…

Property firms expect to see more transactions now that physical viewings are allowed

Many potential buyers still prefer physical viewings to get a feel of the space, environment and ambience before making a purchase decision. With the circuit breaker period forcing home buyers into virtual viewings, property firms expect to…

Reflecting on the past 140 days, Reshaping a new normal: COVID-19

As Singapore sets her sights on the careful reopening of her economy today, it is a good time to look back at how Singapore has braved the last 140 days, and even reflect on what could the future be. Since the first detected case of COVID-19…

Show galleries to re-open on 19 June

However, safe management measures must be implemented to reduce the risk of Covid-19 transmission. Developers can now look forward to re-opening show galleries and resuming business activities from 19 June as Singapore moves to Phase Two of…

New private homes sales spiked 75.5% in May

Including ECs, 509 units were sold in May, up 73.7% month-on-month but down 46.5% year-on-year. Photo: Treasure at Tampines. Despite the closure of showflats due to the government’s circuit breaker measures, sales for new private homes…

URA to review plans for urban renewal in CBD

COVID-19 has “sharpened the need” to have more mixed-development projects, amenities and housing in the CBD.  With more companies adopting flexible work arrangements in the wake of the COVID-19 outbreak, the Urban Redevelopment…