Topic of Interest: #Condominium (6,738 Articles Found)

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Condo rents decline in 2020, with one notable exception

Covid-19 may have left much of the Singapore property market unscathed in 2020, but the economic effects of the pandemic has undoubtably impacted investor-landlords. According to the URA Rental Index, condo rents declined by 0.5% y-o-y in 2020.…

Prices of HDB resale flats, private homes rise in 2020, sparking concerns about affordability

Prices of public housing resale flats surged to multi-year highs last year in defiance of the largest recession since Singapore’s independence, while private property prices also climbed, based on data released by the authorities on Fri. Some property…

Private home prices up in Q4 2020, while new homes sales fell

Singapore saw private home prices increase for a third consecutive quarter by 2.1% q-o-q during the fourth quarter of 2020 – the steepest quarterly increase in over two years. For the whole of 2020, private home prices rose…

The Reef at King’s Dock: ‘An urban village’

The Reef at King’s Dock previewed over the weekend of Jan 16–17 and drew 1,300 visitors. It will be officially launched on Jan 30–31. The 429-unit luxury condominium, which sits on a 284,266 sqft, 99-year leasehold land strip…

Three-bedder at Sommerville Grandeur reaps $1.69 mil profit

The most profitable deal during the week of Jan 5 to 12 was the sale of a 1,830 sqft three-bedroom unit at Sommerville Grandeur in District 10. Bought for $1.59 million ($869 psf) in Feb 1995 and sold…

Three-bedder at Grand Duchess At St Patrick’s on the market for $2.5 mil

A three-bedroom unit at the Grand Duchess at St Patrick’s, located on Saint Patrick’s Road in District 15, is on the market for $2.5 million, or $1,799 psf on the floor area. The 1,389 sqft unit is listed…

Talk of more private property cooling measures

Talk of another round of property cooling measures has intensified in the wake of recent ministerial remarks that the Government is keeping a close watch on the market, which has so far defied the pandemic-induced recession. This comes…

Did UOL underprice its Clavon launch?

When UOL Group sold 442 units at the Clavon condo along Clementi Ave 1 by the end of the first day of its public launch, Dec 12, it achieved the best launch-day sale volume for a Singapore private…

Ministers’ statements on property market fuel fear of new cooling measures

The casual real estate observer must be left wondering about the government’s intentions when not one, but two, ministers sounded out warnings about the property market on 18 Jan 2020. The warning was directed to both developers and…

What you need to know about en-bloc sales in 2021

1) Limited supply of land in limited places – For 1H 2021, there are only three confirmed residential sites. So coupled with the healthy uptick in transaction volumes, we do expect more collective sale interest in the coming…

Property developers facing better year ahead in 2021

A feared slump in the private property market did not quite materialise in 2020; and with the ongoing momentum in the sales of private homes, things may have turned a corner for developers heading into 2021. Despite the…

Private home buyers undaunted by rise in unemployment rate last year

Higher unemployment is a symptom of Singapore’s worst recession since its independence – but all those dour numbers have not deterred home buyers here. Besides signalling the lure of cheap debt, the exuberance in the property market today…

Singapore may act to stall rising home prices, analysts say

Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move. Comments made by the city-state’s DPM indicate the government is…

An increase in property price index between 5-8% could tip property market into ‘bubble territory’: DBS

As the Singapore property market maintains its upward trajectory in 4Q2020 despite the country entering the worst recession in 20 years, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong has identified four factors…

Condominium neighbours in court over woman’s alleged splashing of water, bouncing of basketball

A woman went on trial on Tues for allegedly abusive behaviour, such as repeatedly splashing water down into her first-floor neighbour’s condominium unit and deliberately bouncing a ball and causing “unreasonable noise”. Madam Helen Lim Hai Loon is…

New launch or resale condo: Five factors to consider before buying a private property

1) Affordability – It’s imperative that you perform detailed calculations of your finances, set a budget, determine how much you need for your cash outlay, and the home loan options available. The main costs you need to take…

Singapore government to ensure property market is in line with economic fundamentals

The Singapore government is monitoring the developments in the property market “very closely”, and will adjust policies if necessary, to maintain a stable and sustainable property market for Singaporeans, said MND Minister Desmond Lee. Speaking at BCA-Redas Built…

OrangeTee & Tie CEO thinks cooling measures unlikely; weighs in on HDB ‘lottery’ effect

Residential property prices in Singapore will probably go on a stable and gradual uptrend, instead of “shooting up”, due to a K-shaped economic recovery. That’s according to OrangeTee & Tie CEO Steven Tan, who does not expect the…

Why homebuyers do the wrong things

Once we were invited to a friend’s housewarming party. The young couple was pleased to show us around. Suddenly, the wife lamented that they were upset about the agent who sold them the flat and the contractor who…

Normanton Park sells close to one-third of units on launch weekend

Chinese developer Kingsford Huray Development’s Normanton Park, the first new residential project launch of 2021, sold about 600 residential units by 9pm on Jan 16, the first day of its launch. That is equivalent to 32.6% or one-third…

How does Normanton Park’s former “no-sale license” matter to buyers?

Normanton Park is shaping up to be one of the hot launches of 2021. It’s close to the One-North tech hub, an area where housing options have been few to date; and we won’t be too surprised if…

Developers expected to continue milking positive market conditions to push new projects this year

After topping their 2019 sales performance last year despite the pandemic-induced recession, developers are poised to continue their new project launch momentum this year. JLL Singapore’s senior director of research and consultancy, Ong Teck Hui, noted that for…

Despite recession, Singapore’s property market surprises again with stellar new private home sales in December

The country may be going through its worst-ever recession, but Singapore’s property market, which has repeatedly surprised observers with its continued growth in prices and sales transactions, has recorded another batch of upbeat data. According to figures released…

Singapore residential investment volume doubles in Q4 2020

Singapore saw total property investment volume for the fourth quarter of 2020 hit $3.33 billion, while the full-year investment tally stood at $23.7 billion, revealed a C&W report. Residential investment volume doubled from $0.82 billion in Q3 2020…

Two-bedder at Southbank on the market for $1.68 mil

A two-bedroom unit at Southbank, located on North Bridge Road in District 7, will be put up for auction on Jan 20. The 958 sqft unit will be offered with a guide price of $1.68 million ($1,753 psf)…

Renewables firm dishes out free EV chargers with solar and energy efficiency projects. Will this propel the energy transition in cities?

With Singapore’s EV charging scene getting more crowded, the newest entrant to the market has come up with an offer to entice private condominium and commercial and industrial building owners. Clean energy developer Urban Renewables will install EV…

Four-bedroom unit at St Regis Residences incurs $3.2 mil loss

The top loss during the week of Dec 29, 2020, to Jan 5, 2021, was incurred by the seller of a four-bedroom unit on the seventh floor at St Regis Residences in District 10. The 2,594 sqft unit…

Mapletree, Keppel Land to launch luxury waterfront project

Mapletree Investments and Keppel Land are jointly developing a new luxury waterfront project, The Reef at King’s Dock, which will open for preview from 16 Jan The Reef at King’s Dock is strategically located in the HarbourFront and…

More condo and HDB units rented out in December: SRX

The rental volume for both HDB flats and condominium units went up in Dec as more overseas Singaporeans and long-term pass holders returned to Singapore. Condo leasings rose 5.3 per cent last month to an estimated 4,414 units,…

Singapore ranks low in residential price growth amongst 150 countries

Residential property prices have steadily increased in Singapore in 2020 compared to 2019, but the country still ranks low in the Knight Frank Global Residential Cities Index. According to Knight Frank Research, Singapore recorded only 0.7% price growth…

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