July 2018

SINGAPORE (EDGEPROP) – HDB flats resale prices increased by 0.1 per cent in the 2nd Quarter of 2018. This increase is the first rise after nine months of continuous decline. The hike – though only incremental – may indicate that HDB resale prices are bottoming out.The Housing & Development Board’s data also showed that HDB resale transactions rose 33.3 per cent from 4,458 cases in Quarter 1 to...

SINGAPORE (EDGEPROP) – Daintree Residence successfully sold 50 of the 80 phase-one units amidst newly introduced property cooling measures. The Phase 1 launch is the first in the real estate market since new property cooling measures kicked in on July 6.The developers of newly launched condominium, SP Setia, said earlier that they were working out a “special discount” for its sales launch on...

SINGAPORE (EDGEPROP) – The launch of new private homes picked up significantly in 2Q18 with 2,437 units placed on the market by developers, 164.6% higher than in 1Q18 and 21.2% higher y-o-y, said JLL. The leading real estate services company noted that rising prices and a more buoyant market led developers to increase the launches during the second quarter.“Launch figures for 3Q18 could remain healthy...

SINGAPORE (EDGEPROP) – Citing a survey by the Urban Redevelopment Authority which showed that 654 private homes were sold by developers in June, Cushman & Wakefield said the new property cooling measure impact will only be felt in August 2018. The survey said that sales of private residential units in June were down 41.7 per cent from May’s sales of 1,122 units.Cushman & Wakefield, a...

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority’s Quarter 2 data (URA Q2 statistics) showed that demand was not matched by supply leading to large numbers of unsold units in the market, said a research by CBRE. URA released yesterday the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties increased by 3.4% in 2nd Quarter...

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties increased by 3.4% in 2nd Quarter 2018, compared with the 3.9% increase in the previous quarter.Prices of landed properties rose by 4.1% in 2nd Quarter 2018, compared with the 1.9% increase in the...

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) announced on July 24th that it will be rezoning some residential sites in the Tiong Bahru estate under the Master Plan, from ‘Residential’ to ‘Residential with Commercial at 1st storey’. This is to recognise existing businesses with approvals and specify where commercial uses are allowed in the estate while sustaining its residential...

SINGAPORE (EDGEPROP) – Knight Frank Singapore on Monday announced the launch of a new en bloc sales site at Farrer Road. The site, Sutton Place, is a freehold residential redevelopment site off Farrer Road. Knight Frank is also the sole marketing agent for the site, which has been put up for sale by tender.A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm...

Homeowners who have successfully sold their units en bloc may turn to HDB rentals while they wait for a permanent replacement flat. Once the en bloc sales deal is completed, owners can hand over the units with vacant possession for 100 per cent of the sales proceeds, or opt to stay on for another 6 months.But those that stay put will receive only 95 per cent of the proceeds from their successful en bloc...

SINGAPORE (EDGEPROP) – Pinetree Condominium an upmarket condominium in the Balmoral Park enclave has been launched for en bloc sale with a reserve price of $148 million. Each owner stands to receive between $2.57 million to $4.09 million if the en bloc sale is successfully concluded.SLP Scotia, the marketing agent for the en bloc sale of the upmarket condominium said that the site sits on 41,276 square...