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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Private Housing Supply Cut in GLS Programme

The Ministry of National Development (MND) has just announced that the number of private housing sites on the GLS (Government Land Sales) programme confirmed list for the second half of 2020 has been cut, in the wake of the fallout from the worldwide Covid-19 pandemic. The 3 confirmed sites on the list will yield a

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Projects Benefit from More Time Given for Deadlines

As many as 500 private housing projects may benefit from the 6 months extension being given to complete and sell their units, according to a Singapore Ministry of Finance spokesperson. The extended time frame given to help developers meet conditions for remission of ABSD (Additional Buyer’s Stamp Duty) is one of a number of relief

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Tech Helps Ease Cabin Fever in Shoebox Apartments

Smart designs are increasingly being incorporated into shoebox apartments, both here in Singapore and elsewhere, to make them more liveable. This is especially timely given the rise in the need to work from home amidst the Covid-19 situation, and restrictions on outside activity and gatherings. Examples abound of such a move. At One Pearl Bank,

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GLS Tender Results for Fernvale & Canberra Drive

The latest GLS (government land sales) tenders for three housing sites closed yesterday 3 March 2020. These comprised an EC (executive condominium) land parcel at Fernvale Lane in Sengkang, and two adjoining private residential sites at Canberra Drive in Sembawang. All three are on 99 years leasehold tenure. There was a fair number of bids

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Parc Canberra Sells Almost 2/3 of Units at Launch

The latest executive condominium (EC) launch, that of Parc Canberra, did well at its debut over the weekend. It sold 316 units at an average pricing of SGD$1,085 per square foot (PSF). This is equivalent to 64% of the total 496 units in the development, which augurs well for the launch next year of Provence

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