More than 19,000 suspended home renovation projects given green light to resume

BCA noted that the resumption of renovation works will depend on the companies’ availability of supplies and manpower. The Building and Construction Authority (BCA) on Saturday (13 June) announced that over 19,000 suspended home renovation…

Food for thought: Will my children be able to afford housing with current rates of inflation?

“Last time, our fishball noodles were 10 cents only!”. Most of our young readers here would know these phrases well, with parents and grandparents repeatedly displaying their awe and shock at just how much prices have risen across…

Drop in private home prices to continue, analysts

With developers still not allowed to open sales galleries in the city-state’s first phase of reopening post-circuit breaker period, most analysts expect prices to continue to drop. Singapore saw sales for new private homes drop 12% during…

TSky Balmoral offers “priced to sell units” at Sloane Residences

These units have discounts between $100,000 and $123,000. With Singapore progressively phased to open following the extended circuit breaker, TSky Balmoral is offering “priced to sell units” at Sloane Residences in District 10 to…

New home sales surged by 81.3% in May despite circuit breaker

May saw some 484 new sale caveats, up 81.3% from April’s 267 new sale caveats. Singapore’s real estate market showed signs of life with 967 caveats in the private residential sector from 7 April to 1 June, said Knight Frank. This…

Government to help construction industry get through ‘difficult patch’, Wong

Despite the various challenges faced by the construction industry, National Development Minister Lawrence Wong says that the government will work closely with the industry during this challenging period.  In order to stem the tide of Covid-19,…

Frasers Property secures $350mil green loan for its executive condo project

Obtained via its subsidiary, Fernvale Lane, the loan marked the group’s tenth green financing initiative and the first green loan for an EC development in Singapore. Photo: Mr Loo Choo Leong, CFO of Frasers Property. Credit: Frasers Property…

COVID-19 Updates: Support for the community, lifeline for families in Fortitude Budget

In our previous article, we took a glance into what Budget Fortitude would bring to local enterprises and workers affected by the pandemic. Today, we will be looking at the second portion of Budget Fortitude and the respective relief measures…

Private home acquisitions by foreigners drop 26.1% in Q1 2020

In terms of absolute transaction volume, buyers of all residential status have declined, but the biggest drop came from foreign home buyers (non-PRs) which fell by 26.1% to 215 units in Q1 2020. Singapore saw private homes sales drop by 14.4%…

CIMB Bank makes U-turn on floor rate following customer backlash

A group of over 100 CIMB customers had banded together and set up a website where they expressed their anger over the bank’s plan to raise the mortgage floor rates on 18 May. CIMB Bank has decided to keep the floor rate for mortgages tied…