Stories By: PropertyGuru (2,180 Articles Found)

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New private home sales down 2.6% in April

New private home sales in Singapore dropped 2.6% m-o-m to 1,262 units in Apr, showed URA data on Mon. Including EC, new home sales declined 2.3% m-o-m to 1,342 units. RCR accounted for the bulk of sales last…

Roxy-Pacific associate buys 999-year leasehold site at 11 Institution Hill for $23mil

Roxy-Pacific Holdings’ indirect associated company, Mequity Hills, has agreed to acquire a 999-year leasehold residential site for $23 million. Located at 11 Institution Hill, the site has an estimated total area of 5,539 sqft and a plot ratio…

CapitaLand sees recovery for retail segment head towards pre-COVID levels

CapitaLand’s operational performance continued to improve from 2H 2020 into Q1 2021, with recovery for its retail segment heading towards pre-pandemic levels. Singapore posted an improvement in retail shopper traffic and tenants’ sales in Q1 2021 compared to…

CapitaLand’s improving operational performance continued into Q1 2021

CapitaLand shared that the improving operational performance of its asset classes continued from the second half of 2020 into the first quarter of 2021. However, the pace of recovery is varied across geographies, it said in a business…

Retail podium at Grandview Suites on sale for $26mil

A retail podium of eight adjoining ground floor shops at Grandview Suites has been put up for sale via EOI with a guide price of $26 million, revealed Knight Frank. Grandview Suites is a freehold mixed-use development at…

4,600 public rental households have moved to home ownership in the past five years: MND

About 4,600 public rental households went on to acquire their own homes in the last five years, or around 2% of rental households each year, revealed MND in Parliament on Mon. Of these, 36% became homeowners in less…

Around 2,000 HDB units still do not have direct lift access due to technical and cost constraints: HDB

HDB has received 28 complete applications for the Lift access Housing Grant (LHG) as of Feb 2021, of which 22 were approved and four are under evaluation, revealed MND in Parliament on Mon. The LHG was introduced in…

Frasers Logistics & Commercial Trust DPU up 9.5% in 1H FY2021

Frasers Logistics & Commercial Trust (FLCT) saw its DPU increase 9.5% to 3.80 Singapore cents in the first half ended 31 Mar 2021 from 3.47 cents over the same period last year, revealed Frasers Logistics & Commercial Asset…

URA awards Northumberland Road site to CDL, MCL Land joint venture

The tender for a 99-year leasehold site at Northumberland Road has been awarded to Maximus Residential SG and Maximus Commercial SG, announced URA on Wed. This comes after the JV between CDL and MCL Land submitted the highest…

ERA unveils $10mil support plan to help 8,000 agents

ERA is contributing more than $10 million to its 2021 COVID-19 business support plan. The plan comprises three grants, namely digital, training and career, which are aimed to help over 8,000 agents with digital adoption, skill upgrading and…

Large unit at Queensway Shopping Centre up for sale for $7.5mil

A large unit occupied by Anytime Fitness at Queensway Shopping Centre has been put up for sale via private treaty, with a guide price of $7.5 million. Spanning 2,734 sqft, the unit is one of only two large…

High-floor strata office at Suntec Tower 2 on sale for $37.5mil

A strata office floor at Suntec Tower 2 has been put up for sale via EOI carrying an indicative price of $37.5 million or $3,050 psf on strata area, revealed CBRE. Located above level 30, the high office…

Number of million-dollar HDB flats may hit new record this year, OrangeTee & Tie

The number of million-dollar HDB flats will likely hit a new record as more flats are expected to reach the MOP this year, said OrangeTee & Tie in its latest report. HDB data showed that 25,530 flats will…

JTC launches Gul Avenue, Tampines North sites

JTC has launched two sites – plot D at Gul Ave and plot 9 at Tampines North Drive 5 – under the first half of the 2021 IGLS programme. The second of the three confirmed list sites, the…

Northumberland Road site attracts 10 bids

A 99-year leasehold site at Northumberland Road attracted robust interest during the close of its tender on Tues evening, with 10 bids received. Maximus Residential SG Pte Ltd and Maximus Commercial SG Pte Ltd submitted the top bid…

Singapore auction market sees higher success rate in Q1 2021

Singapore’s auction market registered a success rate of 3.5% in the first quarter of 2021, which is higher compared to pre-COVID-19 when the quarterly success rate was between 1% and 3%. “This came as auction properties continued to…

One-North Eden sold 85% of units over launch weekend

One-North Eden, the first residential launch within the one-north hub, has sold 140 units or almost 85% of its 165 units during its virtual launch weekend on 24 and 25 Apr. Take-up rate across all unit types was…

Industrial property prices, rents up in Q1 2021

Singapore saw industrial property prices and rents increase 0.9% and 0.6%, respectively, in the first quarter of 2021 from the previous quarter, marking two consecutive quarters of positive growth according to JTC. On an annual basis, prices and…

HDB resale prices up 3% in Q1

Resale prices of HDB flats increased 3% q-o-q in the first quarter of 2021, marking its fourth consecutive quarterly hike, showed HDB data on Fri. On an annual basis, HDB resale prices rose 8.1%. Christine Sun, Senior VP…

Private home prices up 3.3% in Q1, its steepest increase since Q2 2018

Singapore’s property market continued to be bullish in the first quarter of 2021, with private residential property prices increasing 3.3% q-o-q, showed URA data on Fri. The hike marks the fourth quarterly increase and is the steepest growth…

Provence Residence to open for e-applications this Saturday

Provence Residence, MCC Group’s 413-unit EC at Canberra Crescent, is set to open for e-applications this Sat. The second EC to be launched this year and the first within the Canberra estate over the past 12 months, Provence…

MCC, Hao Yuan to open One Bernam condominium for preview this Saturday

MCC and Hao Yuan are set to open the residential component of mixed-use development One Bernam for preview this Sat. Located at 1 Bernam St in District 2, the 35-storey mixed-use development comprises a 351-unit condominium, a two-storey…

Victory Land acquires residential site at 1C Evelyn Road for $18.25 million

Evelyn Pte Ltd, a subsidiary of Victory Land Pte Ltd had acquired 1C Evelyn Road at $18.25 million ($1,363 ppr factoring bonus balcony GFA). Centrally located in prime District 11, the unique and rare freehold residential site received…

Singapore prime retail rent falls 12.9% in Q1 2021

Island-wide prime retail rents declined 12.9% y-o-y to average $26.60 psf pm during the first quarter of 2021, as the hike in retail activity remained uneven due to the continued implementation of restrictive dining capacity limits, according to…

Basement-level retail unit at The Adelphi up for sale

A 999-year leasehold strata retail unit at the basement level of The Adelphi has been put up for sale via EOI, revealed CBRE. With an area of 4,090 sqft, the retail unit is fully leased to a KTV…

New private home sales double in March amid fresh interest in luxury properties

Singapore saw sales of new private homes, excluding ECs, double to 1,296 units in Mar from 645 units in Feb, according to UIRA data released on Thurs. On an annual basis, developers’ sales soared 96.4% from the 660…

Lentor Central, Tampines Street 62 sites launched for tender

URA and HDB on Thurs launched two sites at Lentor Central and Tampines St 62 (Parcel A) for tender. Launched for sale under the confirmed list in the first half 2021 GLS Programme, the two sites come with…

Non-landed private home prices up 2.1% in Q1 2021

Prices of non-landed private homes, excluding ECs, increased 2.1% q-o-q in Q1 2021, the fourth consecutive quarterly hike since Q2 2020, according to Knight Frank’s Residential Market Research Q1 2021 based on the URA flash estimates in Q1…

Nanofilm to acquire property at 11 Tai Seng Drive for $30.38mil

Nanofilm Technologies Intl Limited has exercised an OTP to acquire a property at 11 Tai Seng Drive for $30.38 million. In an SGX filing, the company revealed that the OTP was granted by G.W.T Intl Pte Ltd. It…

Irwell Hill Residences sells over 50% of units during launch weekend

Irwell Hill Residences, a 99-year leasehold residential development of City Developments Limited (CDL) in District 9, sold 278 units or over 50% of its 540 units during its launch weekend at an average price of $2,700 psf. Singaporeans…

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