Why are prices of resale HDBs not increasing despite spike in transactions?

If you have been keeping a close watch on the resale transaction market, you will have noticed that between April and June this year, the number of resale applications rose by 29.8% from 4835 to 6276. The figure this year was also 5.6% higher…

Government releases GLS residential sites for 1H 2020

The Ministry of National Development (MND) announced on 3 December it will release three confirmed sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme. The 1H 2020 sites will yield a combined…

CRL to run directly beneath Central Catchment Nature Reserve: MOT

The government said the direct route will be more environment-friendly in the long run because it “has lower energy consumption”. After years of debate, discussion and consultation, the Ministry of Transport (MOT) has decided…

Doctor buys Geylang condo in $26 million en bloc sale

  Kwong Wai Shiu Hospital, the owner of Leshan Gardens condominium in Geylang, has sold the freehold property en bloc to an unnamed ear, nose, throat specialist for $26.28 million on a 104-year lease, reported The Business Times. The…

13 semi-d houses up for sale by Hakka association for $38m

The price works out to around $2.93 million for each house. Image: Google Fong Yun Thai Association, the umbrella body for three Hakka clans in Singapore, has put up 13 strata-titled semi-detached homes at Eleven @ Holland for sale via…

Property market broadly stable but face risks from geopolitical uncertainties

The government says it will continue to play an active role for the sake of market stability. Second Minister for National Development Desmond Lee believes that the property market is now broadly stable, but cautioned that risks from geopolitical…

One Holland Village Residences sees nearly one-third of total units sold on launch weekend

One Holland Village Residences, located within District 10’s Holland Village lifestyle precinct, received robust interest during its sales launch over the weekend, with 92 out of the 296 residential units available as of 6pm on 1…

Private residential price increase in Singapore unlike other cities: IMF

Private residential prices in Singapore appear to have “decoupled” from the worldwide chase for property rental yields since 2013, as wealthy foreign buyers continue to exert their influence on the city state, according to The…

MAS cautions property buyers as number of new launches racks up

  Prospective home buyers should take extra precaution before taking a home loan to finance their property purchase, given the economy’s uncertainty and softening labour market, the Monetary Authority of Singapore (MAS) advised…

2 residential sites at Canberra Drive launched for sale via public tender

The two adjacent sites can yield a total of 675 housing units.  Two residential sites (Parcels A and B) at Canberra Drive have been put up for sale via public tender under the confirmed list of the government land sales (GLS) programme…