The HDB resale market ended 2020 on a high despite the Covid-19 pandemic. HDB flat prices edged up across the island as buyer demand stayed robust. Based on data announced by HDB yesterday, resale prices climbed 3.1% in the last three months of 2020 over the previous quarter, marking the 3rd continuous quarter of growth.
New private home sale prices in Singapore went up by 2.1% in the 4th quarter of 2020, from the 3rd quarter. This marked their biggest quarterly rise in more than two years. Based on the figures released by the URA (Urban Redevelopment Authority) yesterday, the price index for the entire 2020 showed an increase of
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
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)
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
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
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
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
Guoco Midtown, the new integrated development at Beach Road by GuocoLand, has announced an extension, that will see another condominium added to the project. This condo, to be called Midtown Modern, will be part of the second phase of the development, Guoco Midtown II. Guoco Midtown II will occupy the GLS (Government Land Sale) site
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
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
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
