July 2018

SINGAPORE (EDGEPROP) – Jade Scape, which lies where former Shunfu Ville was, is a brand new property launch by Qingjian Realty located along Shunfu Road in District 20. Sitting on a massive 408,927 sqft piece of land, the condo development is expected to yield a total of 1,100 units with an average size of about 1,000 sqft. For those looking for a condo that’s located near the city and has a nostalgic...

Proptech sector boosts Singapore to 1st rank in Asia in global real estate transparency index SINGAPORE (EDGEPROP) – Proptech sector boosted Singapore to 1st rank in Asia in JLL’s Global Real Estate Transparency Index (GRETI) 2018. The 10th edition of GRETI contains the most comprehensive country comparisons of data availability, governance, transaction processes, property rights and the...

SINGAPORE (EDGEPROP) – A District 9 freehold development along Sophia Road, Casa Sophia, is up for collective sale at a reserve price of $36 million. The announcement of the en bloc sale comes on the heels of the new property cooling measures. Image credit: ERA Marketing agent ERA Realty Network said that the reserve price translates into a land rate of about $1,390 psf per plot ratio. All of the owners...

SINGAPORE (EDGEPROP) – Rating agency Moody’s said on Monday that Singapore banks will benefit from tighter regulations to cool the property market. In noting the Monetary Authority of Singapore (MAS), Ministry of Finance, Ministry of National Development and Ministry of Trade & Industry instituted new regulations to cool Singapore’s property market price appreciation and transaction volume,...

SINGAPORE (EDGEPROP) – Jurong Lake District’s momentum and vision has not changed despite the uncertainty over the Kuala-Lumpur to Singapore High Speed rail project. The Minister for National Development Lawrence Wong who said this in Parliament today added: “Some details may need to be adjusted along the way, as circumstances change. But the bottom line is that we have an exciting transformation...

SINGAPORE (EDGEPROP) – The Real Estate Developers’ Association of Singapore (Redas) on Friday challenged the Government’s latest round of property cooling measures saying there was “no rationale” for the new property curbs.  imposed on Friday (July 6). REDAS. the leading developers’ group here, said the  additional buyers’ stamp duty (ABSD) and lowering of the loan-to-value (LTV) limits...

SINGAPORE (EDGEPROP) – JLL on 5 July presented for sale a restored CBD commercial shophouse. The CBD commercial shophouse s located at  19 Hongkong Street, and is a brand new beautifully restored part-four part-six storey commercial shophouse. The property is situated within the trendy Hong Kong Street area, one of the up-and-coming F&B and lifestyle destination that is rising in popularity...

SINGAPORE (EDGEPROP) – The big question on a lot of pf people’s minds: “Who are the big gainers and losers after the new property cooling measures announcement?”. The government has acted to cool the residential property market. Additional Buyer’s Stamp Duty (ABSD) rates have been raised for some categories of residential property purchases, and the Loan-to-Value (LTV) limits on residential...

SINGAPORE (EDGEPROP) – The Government announced today new property cooling measures. The measures saw adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool the property market and keep price increases in line with economic fundamentals.Status of the Private Housing MarketAfter declining gradually for close to 4 years,...

SINGAPORE (EDGEPROP) – Horizon Towers, a collective sale site in the prestigious Leonie Hill locale, is launching for sale by tender by sole marketing agent JLL. The tender for Horizon Towers closes on Tuesday, 7 August 2018 at 3.00 p.m.Built in the late 1970’s, the 99-year leasehold Horizon Towers comprises 211 units in two towers located on an elevated site with double road accesses. Nestled in the...