Landed home sales up by more than 50% in Q3 2020

In total, the number of landed properties transacted in the first nine months of 2020 was 1,142, a slight increase from the 1,118 transactions registered over the same period last year.  The number of landed homes transacted in the third…

Natura Loft DBSS unit sold for $1.2mil

This makes it the highest resale Design, Build and Sell Scheme (DBSS) sold so far. The previous record price for a DBSS was $1.205 million. Image: ADDP Architects A five-room flat at Natura Loft in Bishan was sold for $1.208 million this…

Three new grants to help companies switch to environment-friendly water-cooled chillers

These grants will support firms in switching to low-Global Warming Potential (GWP) refrigerant water-cooled chillers as well as “smoothen the transition to the use of climate-friendly RAC equipment”. Three new grants have been launched…

Government unveils additional temporary relief measures for property developers affected by COVID-19

The additional relief measures include extending the project completion period for most development projects by another six months. The conditions to qualify remain the same as those provided on the temporary relief measures unveiled on…

URA proposes to conserve Golden Mile Complex

URA proposes to conserve the main building with its signature terraced profile atop the podium block as key features to be retained.  URA proposes “to conserve the main building with its signature terraced profile atop the podium…

An abrupt freeze to a long-standing procedure: URA halts re-issue of Option to Purchase

URA shocked the private property market with its recent news of halting the re-issuing of Option-to-Purchase (OTP). This comes amidst a weakened economy and rising unemployment rates due to the rippling effects of the COVID-19 pandemic. OTPs…

Individuals with housing loans may apply to repay 60% of their monthly instalments for up to nine months

As part of a series of the COVID-19 relief measures, applicants need only prove that their income has been affected and that their loan payments are not more than 90 days due, whether or not they had availed of earlier payment reliefs.  Starting…

Banks allowed to use HDB loan as security interest for liquidity

The new Bill aims at strengthening the resilience of Singapore banks amid the COVID-19 crisis. This change would not affect the rights of HDB flat owners to their units, nor change their housing loans’ terms and conditions.  In…

Shortlist for 10th PropertyGuru Asia Property Awards (Singapore) revealed

For the first time, this year’s PropertyGuru Asia Property Awards (Singapore) will be held as a virtual gala event and will be broadcasted on AsiaPropertyAwards.com and partner channels, including YouTube and Facebook. The shortlist of…

Singaporeans with homes in Malaysia see their living costs double up

Singaporeans with properties in Malaysia are paying double the living cost since Malaysia’s movement control order (MCO) kicked in.  Since Malaysia’s movement control order (MCO) kicked in on 18 March, many Singaporeans with…