Topic of Interest: #Residential (11,713 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.…

Couple fined $7,000 for trespassing on state land next to Seletar house for nearly 15 years

For close to 15 years, an architect and his wife unlawfully occupied 144.2 sqm of state land next to their three-storey house in Jalan Tari Zapin in Seletar, which was built in 2005 but had been left vacant…

194 families affected by construction delays requested interim rental flats from HDB

More than 190 families whose flats are facing construction delays have requested interim rental housing from HDB, as some housing projects have been hampered by work delay as well as labour and supply shortages due to Covid-19. HDB…

Sold: Property agent croons as he showcases Hougang flat in Marry Me Today parody

Not only did one local property agent close a sale, he also won netizens’ hearts — all thanks to his creative parody of Mandopop hit Marry Me Today. Playing the part of a groom, complete with a suit…

The Dover Forest debate: Can nature and development co-exist in urbanised Singapore?

The balance between Singapore’s urban development and preservation of its natural environment is again catching the public’s attention with question marks hanging over the fate of two forested areas. Dover Forest, a 33ha site within Ulu Pandan that…

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…

HDB resale prices up 3.1% in Q4 2020, 5% in 2020

Despite the difficult economic conditions, the HDB resale market remained in good shape, with prices rising for the third consecutive quarter by 3.1% in the fourth quarter of 2020. It is also the highest quarterly hike since Q3…

Linked detached house at Lengkok Merak for $16.95 mil

When Michael Ang, MD of Hansa Land and builder, Hong Kiat Construction, came across the semi-detached located at the corner of Lengkok Merak, just off One Tree Hill, he felt he had to buy it. This was because…

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…

Semi-detached unit sees fierce bidding in year’s first property auction

A semi-detached house in the Siglap area attracted an unusually high number of bids – 33 – at the year’s first public property auction on Wed, an event that also stood out for its high number of mortgagee…

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…

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…

HDB Fresh Start housing scheme: Does it make financial sense for people staying in public rental flats to buy their own 2-room flat?

In this article, we examine one of HDB’s housing schemes, the Fresh Start Housing Scheme, which is meant to uplift second-timer households who are living in public rental flats and assist them to own their own homes. Recognising…

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…

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…

81-year-old man to be charged for operating unlicensed massage establishments

An 81-year-old man will be charged on suspicion of running two unlicensed massage establishments in Hougang and Aljunied, SPF said on Tues. The police were alerted to the case at a HDB block along Hougang St 21 on…

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…

Residents complain of water seepage issues in homes after heavy rain in Singapore in recent weeks

Some residents are battling water seepage issues in their homes after heavy rain in recent weeks, with many turning to town councils and contractors for help. MP for Tampines GRC Baey Yam Keng shared that, in the last…

Three freehold residential buildings at Mount Emily Road for sale at $18 mil

Three freehold residential buildings at 2, 4 and 6 Mount Emily Road will be up for sale from Tues, Jan 19, at a guide price of $18 million, or $1,115 psf on the existing GFA. The portfolio comprises…

Property market must remain stable so young Singaporeans can own homes: DPM

DPM Heng said the government is paying “close attention” to the local real estate market “to ensure that it remains stable”. This is because “we must continue to enable young Singaporeans to own their homes and fulfil their…

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…

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