Condo Resale Volume Rises 0.4% in September 2020

Resale volumes for apartments and condominium units in Singapore has risen 0.4% month-on-month, inching up to a new 2-year high in September 2020. This is a slight uptick from the 1,281 resale units transacted in August 2020, that had already been the highest since May 2018. Based on figures released on Tuesday by the SRX

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GLS Sites Drew Keen Bidding Above Expectations

The bidding for the 2 residential land parcels on the confirmed list of the GLS (Government Land Sales) programme for the first half of 2020, has just closed yesterday. Both the 99-year leasehold sites – at Yishun Avenue 9 and also at Tanah Merah Kechil Link – launched for sale by the Housing Board (HDB)

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Home Buyers Looking for Bigger Units

Home owners in Singapore appear to be trading up to bigger homes, spurred by the work-from-home trend that the COVID-19 pandemic has wrought. This has led to an upswing in the sales of larger sized condominium units. These are generally above 1,200 sq ft (square feet), with the most popular being in the 1,200 to

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Home Prices May End Higher Despite Recession

According to some analysts, private home prices for 2020 looks set to end in positive territory, after prices went up 0.8% quarter-on-quarter in the Q3 of this year. This has edged the overall home price index up 0.1% year-to-date. Colliers International had originally expected private residential prices to decline 5% this year on the back

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Penrose by Hong Leong Sells 60% At Launch

Hong Leong Holdings achieved remarkably good sales at its Penrose condominium launch over the weekend. It managed to move 341 units out of the total 566 units in the project. The developer highlighted in its media statement on Sunday that the bulk or 85% of the buyers were Singaporeans, with the rest being foreigners and

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Rochester Commons Development by End 2021

In Rochester Park near one-north Eden at Buona Vista, a cluster of 12 black-and-white bungalows will be used to house food and retail outlets and offices, as part of an upcoming integrated development being built by the end of 2021, called Rochester Commons. The developer Capitaland, said in a press statement yesterday that this will

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Mixed Development Site to Catalyse Rejuvenation

A residential + commercial site along Jalan Anak Bukit, near the Beauty World MRT station, has just been released for sale by the Urban Redevelopment Authority (URA). Property consultants are of the opinion that it has several strong attributes. However they added that the uncertainly amidst the economic recession triggered by Covid-19, and the likely

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Housing Market Could Pick Up 2nd Half 2020

After the Christmas break of 2019, developers have just posted their highest January residential sales in 7 years. However with the onset of the Covid-19 pandemic and its likely impact on the economy, developers are bracing themselves for a possible fall in the volume of new home sales, and its repercussion on their price power.

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Completion of Jurong Lake Housing Transformation

Over the past 9 years, small businesses in Jurong Lake District have started noticing an increase in sales, alongside the rejuvenation of the area. Mr Tan Kah Ann, the Jurong Town Centre Merchant Association chairman, said that this appears to have come about with residents choosing to spend more time around their homes on weekends,

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The Most UpMarket Home Address?

Marina Bay and its vicinity look to be deposing the District 9 Orchard Road area as the place to live in. Its work-live-play concept is taking hold of the imagination, and mega-office complexes like the Marina Bay Financial Centre and Asia Square Tower are drawing expatriates to luxury homes in the financial district. Luxury apartment

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