General

Sales of new private homes fell 50.6 per cent year-on-year in August on the back of cooling measures introduced by the Government in July. Excluding executive condominiums (ECs), developers sold 616 units in August, about half the 1,246 units sold in the same month a year earlier, according to data released by the Urban Redevelopment Authority on Monday (Sep 17). On a month-on-month basis, sales...

Nine precincts will participate in an Urban Redevelopment Authority (URA) pilot programme to inject new life into districts and public spaces, Minister for National Development Lawrence Wong announced on Monday (Sep 17). Speaking at the Place Management Seminar 2018, Mr Wong said that the public can look forward to more vibrant districts and attractive public spaces as a result of these new precincts...

City Developments Limited (CDL) announced on Friday morning that it has acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million). The project, Aldgate House, is located in the district of Aldgate, right beside Aldgate Underground Station and with six other stations within a five-minute walk. CDL said the acquisition was undertaken "as part of its focus on...

An executive condominium (EC) site along Anchorvale Crescent received seven bids at the close of the tender on Friday (Sep 14), with just S$899 separating the two highest offers. The top bid ofS$318,888,899 was submitted jointly byEvia Real Estate and Gamuda (Singapore), with the second highest offer of S$318,888,000 from CNQC Realty (Treasure) Investment. The 17,137-sq-m land parcel can yield a...

A residential property is the biggest financial asset most of us will own. Before purchasing a property, it is important to know how much you can borrow, understand the types of mortgage packages available, and what your options are when interest rates rise. How much can you borrow? There are several online resources that can help you calculate how much you can borrow from a bank based on the total...

My childhood days were spent in a pre-war shophouse owned by my great-grandparents, who operated a traditional Chinese medical hall on the ground floor, and resided on the upper levels. I spent many a carefree afternoon playing with other children in the rear court, roaming along the five-foot way and hiding, up in the attic. Even though this row of traditional shophouses along Upper Bukit Timah Road...

The latest cooling measures will put a dampener on residential collective sales, which have been driving big-ticket property transactions since the second quarter of last year. Given the volume of money in the global system in search of investible assets, investor attention may turn towards the industrial and commercial sectors, where regulations on the purchase and sale of properties are not as onerous...

For those investing for inter-generational wealth transfer, the abundance of overseas properties with freehold tenure is a big draw. The spread of overseas property investment options is staggering. Locations range from Sydney to London to New York and many cities in between. The array of property types include the familiar segments such as residential, office and retail shops, and the somewhat exotic...

Singapore's retail sector has been subdued since Q4 2011 when retail rents peaked; just as the famed integrated resorts were freshly completed, tourists from China came in droves and suburban malls flourished as they began to showcase similar offerings as those in the prime district of Orchard Road. However, towards end-2013, the narrative changed. Consumers began migrating online, as they sought better...

Another development cycle has passed and all the metrics show Singapore's office market is on another upward cycle. Historically, the Singapore Grade A office market runs on a two-to-three year range rental cycle. This is very much to do with the short-run economic cycles and the tight control by the Singapore government over office land sales. But there are signs that this trend could be a thing of the...