2019 Philippines Property Awards Winners

The Philippines’ finest developers from Luzon, Visayas and Mindanao have been accorded the real estate industry’s highest honours at the 7th Annual PropertyGuru Philippines Property Awards, presented by global brand Kohler at an…

Construction work for phase two of Tuas mega port begins

Construction work for the second phase of the Tuas mega port started on Thursday (4 July), with the installation of a caisson – a watertight structure that will form part of the wharf, reported CNA. Spanning 387 hectares, the second phase…

Singapore slid to second place as best location for expats

After remaining on top for the past four years, Singapore was dethroned by Switzerland as the best destination for expats to work and live, reported CNA citing HSBC Global Report. Singapore slid to second place while Switzerland jumped seven…

One Year On: How The Cooling Measures Came And Shook Up The Housing Market

Today marks exactly one year since the Government dropped the surprise announcement that it was raising Additional Buyer’s Stamp Duty (ABSD) rates and tightening Loan-To-Value (LTV) limits just after 7pm on July 5. The measures, which…

Clementi Avenue site attracts 5 bids, Canberra Link site gets 8

The tenders for a residential site at Clementi Avenue 1 (pic) and an executive condominium (EC) site at Canberra Link attracted healthy interest from developers with five and eight bids received, respectively. A consortium comprising units of…

Ong Choon Fah named new chair of ULI Singapore

Ong Choon Fah, current CEO and head of research & consulting at Edmund Tie & Company, has been appointed as the new chair of Singapore for the Urban Land Institute (ULI). She succeeds Khoo Teng Chye, executive director for the Centre…

Unsold Residential Inventory Rises Above Long-Term Average

Unsold residential inventory in Singapore has continued to increase, hitting 37,800 units (including executive condominiums) by the end of the first quarter of 2019, reported Singapore Business Review citing OCBC Investment Research. The figure…

930,000 HDB households to get U-Save rebate in July

About 930,000 Singaporean households living in HDB flats will get the next instalment of the GST Voucher – Utilities-Save (U-Save) rebate this month, revealed the Ministry of Finance (MOF) on Monday (1 July). For this year, $300 million…

Private home prices unexpectedly climbed 1.3% in Q2

After two consecutive quarters of contraction, private home prices in Singapore unexpectedly increased in the second quarter of 2019. The private residential property price index rose 1.3 percent in Q2, flash estimates from the Urban…

HDB Resale Prices Continue To Fall In Q2

Resale prices of Housing and Development Board (HDB) flats continued its downward trend, falling 0.2 percent in the second quarter of 2019, revealed flash estimates from the HDB. Providing information on the general price movements within the…