URA to adjust guidelines if developers build too many shoebox units

Developers are allowed to build condo units of different sizes, assuming an average size of 753 sq ft. The Urban Redevelopment Authority (URA) said on Wednesday (3 May) that it will intervene, if needed, to prevent property developers from building…

Two freehold properties launched for en bloc sale

Holland Tower in District 10 was put up for sale with a reserve price of $65 million. (Photo: SRI) More homeowners are trying their luck at collective sales, with two freehold developments launched at a combined price of $103 million. The Holland…

CapitaLand net profit down 18.8% on absence of one-off gain

Net profit fell due to the absence of a $160.9 million gain from the sale of The Nassim a year ago. CapitaLand’s net profit for the first quarter of 2018 fell 18.8 percent to $319.1 million, primarily due to the absence of a $160.9 million…

Resale condo prices doubled in March

Prices of resale condos grew by 1.0 percent in March 2018. Resale condominium prices in Singapore rose by two-fold in March on a monthly basis, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall prices of…

Growth rate of resale condo prices doubled in March

Prices of resale condos grew by 1.0 percent in March 2018. UPDATED: The growth in resale condominium prices rose by two-fold in March on a monthly basis, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Overall…

Up to 29 new launches offering 14,200 units for rest of year: report

Is the upcoming supply excessive and will it result in an overheating housing market?  Up to 29 private residential projects could be launched between the second and fourth quarters of this year, supplying about 14,200 new units and raising…

Conversations with: Pam Chuang, GoBear

If you are someone who visits comparison websites when looking at various financial products such as travel insurance and credit cards, you would most likely have come across GoBear. If that doesn’t ring a bell, then surely the iconic…

Private home prices rose at faster pace in Q1

Non-landed home prices across Singapore grew by 4.4 percent compared to a marginal increase of 0.8 percent previously.  Private home across Singapore rose by 3.9 percent quarter-on-quarter in Q1 2018, faster than the 0.8 percent increase…

HDB resale prices down 0.8% in Q1

This is the highest decline seen for resale flat prices in over two years.  Prices for HDB resale flats fell by 0.8 percent in the first quarter of 2018 – its highest decline for the last nine quarters since Q1 2016, according to…

PropertyGuru News Roundup (Apr 2018)

Our top Singapore property stories. Amber 45 To Be Launched At Average Price Of Over $2,000 Psf Property developer UOL Group opened the Amber 45 showflat for preview on Saturday (28 Apr). The freehold condominium will comprise one 21-storey…