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Singapore’s private home prices rise at slower pace of 0.8% in Q2 amid heightened alert

Private home prices in Singapore rose 0.8 per cent in the second quarter, slightly below flash estimates released earlier in the month amid the COVID-19 heightened alert period. The private residential property price index increased to 163.5 points…

Two-bedroom loft at Draycott 8 on the block for $2.8 mil

A two-bedroom loft apartment at Draycott 8 in prime District 10 will be put up for sale by its owners with a guide price of $2.8 million at SRI property auction on July 29. The unit on auction…

GuocoLand tops bid for Lentor Central site with $1,204 psf ppr; sets new record for OCR land prices

The tender for the Lentor Central GLS site closed with nine bids today. The highest bid of $784.1 million, which translates to a land rate of $1,204 psf ppr, was submitted by GuocoLand. “If we are awarded the…

Inheriting an HDB or condo? Here are 5 simple guidelines to help you decide whether to sell or keep

1) Retain your existing flat and sell the inherited flat, or vice versa – It is impossible to own two HDB properties at once. You are required to sell one of the two flats. You will have 6…

Are condos really a good investment & are private properties a sign of riches in Singapore?

1) Condominium is not an “upgrade” from HDB – In exchange for a lifestyle “upgrade”, you would suffer a major “downgrade” in your personal finances. Most private property owners would not be able to service their loans with…

The Lincoln Residences achieves new high of $1,990 psf

This week, we look at projects that have hit new highs in terms of psf, and those that have crossed new lows, based on URA Realis data for the week of July 7 to 11. A project that…

Unit at Leedon Residence reaps $2.9 mil profit

The seller of a unit at Leedon Residence, located along Leedon Heights, made the top gain of $2.9 million over the week of July 6 to 13. The 4,704 sqft unit on the seventh floor was bought for…

An overview of resale condo prices in Rest of Central Region (RCR) for the past one year

Property prices have been increasing not just for resale flats, but also for resale condos in the past year. In this article, we take a closer look at the prices of resale condos in the RCR. If you’re…

Don’t ask security officers for help with buying food, watering plants: Association

Security officers should not be asked to change light bulbs or water plants, and neither should they buy food, collect letters or pick up deliveries for residents, said SAS. Their role is linked to key tasks such as…

Delays in new project launches as Phase 2 heightened measures return

Market sentiment took a beating following the government announcement that Singapore will be returning to Phase 2 (Heightened Alert) from July 22 until Aug 18. CEA informed property agents that in line with the tightened restrictions, the number…

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Condos, private apartments eligible for new grant to install electric vehicle chargers

A new grant that offsets half the cost of certain EV charger components will be made available to condominiums and private apartments looking to install such chargers. The EV Common Charger Grant will co-fund the installation costs of…

Resale condos are back in vogue in Singapore

The private resale market is making a solid comeback after a hiatus of two years. About 8,880 condominium units were sold last year, over 16 per cent higher than the 7,550 or so units sold in 2019. Moreover,…

4 ways Singapore population trends can impact home buyers

1) We might face an oversupply of resale flats – When the older generation of Singaporeans pass on, who is going to buy all their flats that most of us can’t inherit? Our shrinking population doesn’t inspire confidence…

Can resale condos maintain their momentum for the rest of 2021?

1) The wide price gap between new and resale condos in 2021 – As of end-June 2021, Square Foot Research showed the average price of a resale condo was $1,355 psf. At the same time, new launch condos…

Normanton Park leads in 1H2021 sales; consultants predict new home sales to cross 10,000 this year

Based on caveats lodged, Normanton Park was the best-selling private residential project in 1H2021, selling 923 or about 50% of the 1,862 units in the development. The next best-selling project in terms of number of units sold was…

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UOL to preview Watergardens at Canberra on July 17; prices start from $1,380 psf

Property developer UOL Group will preview its latest residential project, Watergardens at Canberra, on July 17. The 448-unit condominium is the first private residential development in the budding Canberra area. The site is close to Canberra MRT Station…

Stirling Residences sees new high of $2,350 psf

In this inaugural weekly piece, we look at condominium projects that have hit new highs in terms of price psf within the respective developments; and those that have slid to new lows too, on a psf basis. In…

Singapore’s new private home sales dip 2.6% in June amid COVID-19 restrictions

New private home sales in Singapore declined for a third consecutive month in June, with analysts attributing the drop to a lack of project launches and stricter COVID-19 measures in the first half of the month during Phase…

Singapore’s ‘nouveau riche’ drum up luxury home demand in first half of 2021

Demand for luxury and prime-area private housing picked up in the first half of this year, reflecting the gains from the nouveau riche in the finance, technology and pharmaceutical sectors, analysts said. Based on current numbers, some analysts…

Unit at Grange Residences reaps $3.5 mil profit

The seller of a unit at Grange Residences, located along Grange Road, made the top gain of $3.48 million over the week of June 28 to July 6. The 2,486 sqft unit on the second floor was bought…

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Condo rents unchanged in June while HDB rents rise 1%; rental volumes increase

Rents for private apartments were unchanged in June, while those for HDB flats edged up by 1 per cent from the previous month, according to flash data from SRX released on Wed. Rental volumes for both condominium units…

Singapore’s new private home sales dip in June, but demand stays buoyant: analysts

The absence of new launches in June on the back of heightened restrictions has moderated the month’s new private home sales, but analysts remain optimistic about market demand. Based on caveats lodged, analysts estimated that developers in Singapore…

Residential sector dominates investment sales for Q2 2021

Property investment sales in Singapore increased 15.4% q-o-q to $5.48 billion in the second quarter of 2021, with the residential sector accounting for 56% of the total sales at $3 billion, revealed an Edmund Tie report. Of the…

Geylang building launched for collective sale at $27 mil

Baode Building at 8 Lorong 35 Geylang has been launched for collective sale at an indicative price of $27 million. Colliers is managing the sale and tender of the freehold development. The eight-storey building sits on an 11,102…

S’pore condo resale prices up by slower rate of 0.1% in June; volume falls 12.6%

Resale prices for non-landed private homes grew at a slower pace in June as the number of transactions fell for the second straight month amid tighter Covid-19 measures. Condominium resale prices edged up 0.1 per cent m-o-m in…

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Four-bedroom unit at Shun Tak’s Les Maisons Nassim sold for S$39m

A four-bedroom unit at Shun Tak Holdings’ luxury 14-unit Les Maisons Nassim at Nassim Road was snapped up in early May for S$39 million, or S$5,930 psf. The 6,577 sqft unit, which appears to be the first transaction…

Is luxury property Eden the last of its kind?

Amid the strong performance of the Singapore private residential property market this year, a deal that stood out was the purchase by the Tsai family of Taiwan, who are behind snack food giant Want Want China Holdings, of…

Property agent admits role in backdating an Option to Purchase to evade stamp duties for buyers

In the first case of its kind, a property agent admitted on Mon that he instigated his seller’s agent into backdating an OTP to evade newly raised stamp duties. Mu Shen, 50, pleaded guilty to one charge of…

A first-time homebuyer’s journey: Single, over 35, and looking for a multi-generational home

35 is a threshold year for many singles in Singapore. If you’re not fortunate enough to be able to afford private property, 35 is the age at which you can buy your first HDB flat and decide whether…

6 super useful tips to spot an “undervalued” property in 2021

2021 is a bit of a conundrum, to investors and homeowners alike. While home prices are rising across the board, it’s a little painful not to take advantage of super-low interest rates; or face the prospect of prices…

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