Property News

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August 13, 2020
More than 7,800 HDB BTO flats in 8 estates, including in Bishan, Ang Mo Kio, launched in combined sales exercise

Home seekers who could not apply for a Build-To-Order (BTO) flat in May now have plenty of options as 7,862 new flats in eight estates have been launched for sale by the Housing Board (HDB) on Wednesday (Aug 12). For the first time in 14 years, 472 new units are up for sale in the […]

July 24, 2020
HDB flat resale volume plunges by 41.9% in 2nd quarter amid circuit breaker

SINGAPORE - Housing Board flat resale transactions took a plunge in the second quarter of 2020 in light of the circuit breaker measures. The number of resale transactions fell by 41.9 per cent, from 5,893 flats sold in the first quarter of 2020 to 3,426 flats in the second quarter, according to data from the […]

July 24, 2020
Singapore private home prices eke out surprise 0.3% rise in Q2: URA data

SINGAPORE - Defying Covid-19 circuit breaker measures and a recession, private home prices in Singapore edged up 0.3 percent in the second quarter from the previous three months, according to final data from the Urban Redevelopment Authority (URA) on Friday (July 24). But analysts warned that a market recovery is far from certain as business closures, […]

July 16, 2020
New Singapore private home sale surge to 998 in June, more than double May's volume

DEVELOPERS in Singapore sold 998 new private homes in June, 105 per cent more than May's 486, on pent-up demand and an increase in foreign buying as show galleries reopened. Despite the surge, buyers are choosing to remain prudent, with affordable homes making up over 90 per cent of units sold.   The transactions in June were […]

July 15, 2020
Singapore new home sales rebound, hit 7-year high for month of June: URA data

SINGAPORE - New home sales posted a surprise rebound, with developers selling 998 non-landed private homes in June, up 105 per cent from 487 private homes in May, as showflats were allowed to reopen on June 19 after a two-month partial lockdown ended. The numbers - the highest monthly sales for June in seven years - […]

July 14, 2020
Singapore Slumps Into Recession With Record 41.2% GDP Plunge

Singapore’s economy plunged into recession last quarter as an extended lockdown shuttered businesses and decimated retail spending. Gross domestic product declined an annualized 41.2% from the previous three months, the Ministry of Trade and Industry said in a statement Tuesday, the biggest quarterly contraction on record and worse than the Bloomberg survey median of a 35.9% drop. […]

July 9, 2020
Primary 1 registration: 4 schools to hold ballot for parents in alumni association or school advisory committee

Children hoping to enrol in four popular primary schools are headed for a ballot after Phase 2A1 of the Primary 1 registration exercise ended on Tuesday (July 7). CHIJ St Nicholas Girls School (Primary) has 106 pupils vying for 101 seats and Nan Hua Primary has 84 children chasing 77 places. Rosyth School has 89 […]

July 9, 2020
Close to 7 times as many HDB resale flats sold in June compared with May

SINGAPORE - Almost seven times as many Housing Board resale flats were sold in June compared with May, according to flash data released by real estate portal SRX Property on Thursday (July 9). Estimates showed that about 2,450 HDB resale flats were sold in June, up from 364 the month before. The surge in sales was […]

July 9, 2020
Singapore secures three of top five South-east Asia deals despite Covid-19 slowdown

SINGAPORE - Singapore clinched three of the top five private equity and venture capital deals struck in the region in the first quarter amid markedly slower economic activity across South-east Asia due to the pandemic. There were 141 such deals worth US$1.4 billion (S$1.95 billion) in the region in the three months to March 31, […]

June 30, 2020
URA launches Jalan Anak Bukit site under dual-envelope tender

THE Urban Redevelopment Authority (URA) has launched for sale a commercial and residential site along Jalan Anak Bukit, near Beauty World MRT Station, under a dual-envelope tender system. The 3.22 hectare site, which is on the confirmed list of the first-half 2020 government land sales programme, can potentially yield about 845 private homes. It can […]

May 30, 2020
Hong Kong’s national security law prompts renewed interest in Singapore property

Some property and migration consultants are seeing a rise in inquiries about Singapore as turmoil grips Hong Kong Interested Hongkongers are attending webinars amid the coronavirus pandemic to learn more about living, working and investing in the city-state Hong Kong resident Samantha has lived in the city for well over a decade, but with political […]

May 26, 2020
Rich Chinese snapping up luxury homes from Singapore to Sydney

By Bloomberg News (Bloomberg) -- Rich Chinese home buyers are back. Across China and in some of their familiar hunting grounds in Asia, wealthy buyers are snapping up luxury housing, in many cases to guard their wealth against anticipated inflation and a weakening yuan. The rush to add real estate has led to a jump in […]

May 11, 2020
More mortgagee listings go under hammer but buyers come up empty as sellers refuse to blink

Knight Frank says buyers expect greater price reductions in near term due to the impact from the pandemic. HIGHLY indebted owners continue to hold out even as more homes go under the hammer amid worsening economic conditions due to the Covid-19 pandemic. Only one property was sold at auction in Q1 2020 as sellers baulk […]

May 10, 2020
Is the Covid-19 pandemic a good time to buy a property?

Prices may be down but it's best to do your sums first The news sounds surreal in the face of a global pandemic - new private home sales in Singapore jumped 57.3 per cent in February. Developers found buyers for 1,314 newly launched units that month, up 105.3 per cent from the 640 they sold […]

May 9, 2020
Singapore among favourite destinations for Chinese property buyers

Private home acquisitions by foreigners drop 26.1% in Q1 2020 To guard their wealth against the weakening yuan and the anticipated inflation, wealthy Chinese investors are turning to luxury real estate, with Singapore as one of their favourite destinations. And given the rise of online platforms, photos and virtual tours have been enough to close […]

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