HDB issues $800mil fixed rate notes

In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.  The Housing and Development Board (HDB) on Tuesday issued $800 million, five-year fixed rate notes, with a coupon of 0.635% per…

Ministerial comments, rising prices spark talk of additional property cooling measures

Minister Desmond Lee’s urge for Singaporeans to exercise prudence when acquiring property and the recent rise in private home prices have experts believing them as signals for another round of cooling measures. Analysts…

More homeowners installing CCTVs outside HDB flats

According to the law, residents in HDB flats are not allowed to install CCTV cameras outside their units, unless approved by the HDB.  A question on the installation of a closed-circuit television (CCTV) camera outside HDB flats…

Public sector projects to drive construction sector’s recovery

The Cross Island MRT Line, relocation of Singapore Science Centre and the Toa Payoh Integrated Development are amongst the upcoming major public sector projects that will contribute to construction demand in 2021. Construction demand is…

Mount Emily residential buildings on sale for $18mil

Located 200 m away from Little India MRT interchange, the freehold properties are near Mount Emily Park, Orchard Road and the central business district. Image: Edmund Tie & Company A portfolio of three freehold residential buildings…

More macaques sighted near new housing project in Punggol

Residents attribute this to the increase in development within the area and to food left by humans. A person caught feeding monkeys faces fines of up to $5,000 for a first offence under the Wildlife Act, with the amount doubled for repeat…

Normanton Park sells 600 residential units at $1,750 psf on first day of sales

The mixed-use development saw around 80% of the units sold in one- and two-bedroom units during its first day of sales. Buyers also snapped three commercial units. Image: Normanton Park Normanton Park sold about 600 residential units…

Developer sales up in December, highest since 2012

Analysts expect the sales momentum in December to spill over to January 2021. However it is anticipated that while demand for new homes may remain high, the supply of new launches may decline this year. Image: Clavon, whose launch…

Growing demand for Sentosa Cove bungalows

Singapore continues to draw foreign buyers despite travel restrictions, partly due to its success in handling the pandemic. Sentosa Cove is the only place where a foreigner may seek approval to acquire a landed residential property for…

Singapore residential investment volume doubles in Q4 2020

Singapore’s full-year property investment tally stood at $23.7 billion in 2020, revealed a Cushman & Wakefield report. Singapore saw total property investment volume for the fourth quarter of 2020 hit $3.33 billion, while the…