SLB reports S$1.9m profit for 1Q 2020

The Group’s residential projects, Affinity @ Serangoon and Riverfront Residences are seeing steady sales, with T-Space @ Tampines receiving strong reception. SLB Development Ltd. (“SLB” and together with its subsidiaries, the…

Singapore GDP grew 0.1% in Q3

This means Singapore narrowly avoided a technical recession, which is defined as two consecutive quarters of economic decline. The Singapore economy grew 0.1 percent on a year-on-year basis in the third quarter of 2019, which is the same pace…

Malaysia’s decision on RTS project to be announced on 31 October

Anthony Loke said he would communicate with his Singaporean counterpart Khaw Boon Wan after getting the Cabinet’s approval, as the project involves the two countries. Malaysia’s Transport Minister Anthony Loke revealed the decision…

Shrinking household size requires 300,000 homes to be built in 10 years

This comes as the average household size fell to 3.2 from 3.5 in 2018, resulting in the average sizes of new private houses going down to 70 sq m (753 sq ft) from 111 sq m (1194 sq ft) in 2018. Singapore must build at least 25,000 housing units…

Government to pour in over $1b into upgrading private, public estates

Meanwhile, the government will also upgrade 55,000 HDB flats under the second round of the Home Improvement Programme (HIP), which is set to start from next year onwards.  In a bid to support stakeholders in the built environment industry,…

NEU at Novena to open for preview with units priced from $1.35m

The prime district 11 development features 87 residential units, ranging from two- to four-bedder apartments. There will also be dual key three-bedroom units for multi-generational families and investors. NEU at Novena, a 17-storey freehold…

China drives sales of Singapore’s luxury apartment market

Mainland Chinese nationals, considered as Singapore’s largest foreigner buyer group, bought 97 of these units. Sales for the luxury segment of Singapore’s residential market is on a high, due to increased interest from mainland Chinese,…

Hike in private home prices does not allude to a buoyant market

Experts at Edmund Tie & Company noted that higher land prices, declining average sell-down rates and compressing developer’s margin show that the market isn’t as ‘buoyant’ like it appears. While private residential…

Singapore is world's most competitive economy

Singapore beat the US for the top spot, ranking first for financial system development, infrastructure and labour market functioning.  Singapore emerged as the most competitive economy in the world – beating US – as it scored…

Singapore housing market remains in fair-valued zone

  Singapore was cited as the country with the most improved housing market with regard to affordability. The cooling measures, declining population growth, and expected economic downturn are three factors that have caused prices to stagnate…