Casa Sophia up for en bloc sale despite new cooling measures

Despite the government’s release of new property cooling measures, the owners of Casa Sophia in District 9 remained undeterred as they launched the 12-unit development up for collective sale with a reserve price of $36 million. If the…

Plans for Jurong Lake District not changed regardless of HSR result

The overall impetus and vision for Jurong Lake District has not changed, regardless of the outcome of the high-speed rail (HSR) project between Singapore and Malaysia, said National Development Minister Lawrence Wong in Parliament on Monday. His…

People to buy HDB resale flats instead due to new curbs

Experts revealed that the government’s surprise implementation of new cooling measures on the private residential market last week is expected to prompt some people to buy HDB resale flats instead, but the number is unlikely to be significant,…

No rationale for new property cooling measures, says REDAS

The Real Estate Developers’ Association of Singapore (REDAS) sees no rationale in imposing new property cooling measures considering that the Singapore property market is still in the “early stages of a recovery and the recovery…

Fate of en bloc bids now uncertain with new housing curbs

The government’s surprise release of new property cooling measures has left many homeowners jittery, especially those planning to go en bloc. This comes as the fate of their collective sale bids has now become uncertain, given that developers…

New home sales to drop 15-20% in 2018

Image source: Logan Property (Stirling Residences) The government’s latest property curbs that took effect on Friday (6 July) is expected to reduce new private home sales by 15 percent to 20 percent year-on-year for the whole of 2018,…

Top 5 smart properties in Singapore and the perks they offer

Artist’s impression of the Le Quest project in Bukit Batok. Housing developments in Singapore equipped with various high-tech features are increasingly attracting strong interest from property seekers. In fact, an online study by Qingjian…

UOL Group’s Gwee Lian Kheng to retire as CEO

UOL Group’s total assets have grown to about $20 billion as at 31 March.  UOL Group’s board of directors is on the lookout for a new group chief executive as its current chief Gwee Lian Kheng is set to retire on 31 January 2019,…

Horizon Towers up for en bloc sale for $1.1b

The reserve price works out to a land rate of $1,964 psf per plot ratio. (Photo: JLL) Horizon Towers, a 211-unit residential development at Leonie Hill in District 9, has been launched for collective sale with a reserve price of $1.1 billion. Including…

Govt cools property market with higher ABSD rates, tighter LTV limits

Buyers rushing to submit their cheques at Riverfront Residences before the 12am deadline to avoid the revised ABSD rates. (Photo: Jeanice Ong) The government has raised the Additional Buyer’s Stamp Duty (ABSD) rates and tightened the Loan-to-Value…