General

Resale prices of private non-landed homes fell last month, ending a 12-month climb to record highs, after the latest property cooling measures came in effect in July. Resale prices of condominiums and private apartments dropped by 0.2 per cent in August from the previous month, real estate portal SRX Property's flash estimates released on Tuesday showed. Compared to August 2017, resale prices are up...

Real estate agency HSR International Realtors has been fined S$12,500 over its agents' failure to properly advise investors of the risks involved in purchasing properties in Bangkok. For breaching the Council for Estate Agencies’ (CEA) Practice Guidelines, the agency was also barred from marketing or selling foreign properties for six months, starting Sep 10, CEA said in a media release on Tuesday...

The Government will not rule out the possibility of giving private developers a role in the Voluntary Early Redevelopment Scheme (VERS), Minister for National Development Lawrence Wong said in Parliament on Monday (Sep 10). Responding to a question from MP Cheryl Chan, Mr Wong said the Government already “inject(s) some private development” in the redevelopment process for the Selective En bloc...

When job search engine Indeed opened a product development centre in Singapore at the start of this year with just one staff member, it decided to secure co-working space for up to 15 people. In June, it upgraded to a office suite for up to 50 people, and by November, it is looking to move to an even bigger dedicated office space for 150 staff — all within the co-working space at WeWork’s Beach...

In what is a record for asking price of collective sale sites, residents at the Pandan Valley condominium have agreed on a reserve price of S$2.6 billion in another collective sale attempt. Analysts said the 623-unit development’s price tag — set during Saturday’s (Sept 8) second Extraordinary General Meeting (EOGM) which TODAY attended — sets a “new benchmark” in the asking price of...

An imagined Housing Redevelopment Board may have more schemes to provide more options for home owners to monetise their old flats but the housing announcements at the National Day Rally provides a heartening start, say two observers from the NUS Institute of Real Estate Studies. “We will continue to transform our city … and in 30 to 40 years’ time, we will rebuild our existing towns,” said Prime...

East Court is the latest development to launch for collective sale on Sept 10. The owners have set a minimum price of $19 million. This will be East Court's first collective sale attempt, says marketing agent OrangeTee & Tie. The eight-unit, freehold apartment development on Koon Seng Road in district 15 sits on a 13,351 sq ft plot that is zoned for residential use, and has a gross plot ratio of 1.4....

The weekend preview of JadeScape, Qingjian Realty’s latest residential project, drew a crowd of 9,000 people to its sales gallery over the two days from Sept 8 to 9. The 22,000 sq ft sales gallery located in Bishan features JadeScape’s smart home and smart estate management features as well as its “Gold Standard” elderly-friendly units that is ideal for multi-generational residential...

Inits latest expansion beyond the Asia-Pacific, Ascendas-Singbridge Group has bought a portfolio of 33 high-quality office properties in the US for an undisclosed sum, marking its entry into the US market. These properties - spread across Portland, Raleigh and San Diego - have a total net lettable area of about 3.3 million sq ft, and are centrally located in the three cities with an overall portfolio...

The High-Speed Rail (HSR) between Kuala Lumpur and Singapore would have been a bonus for the Jurong area. But now that the project is postponed, property analysts and businesses do not believe it will have a significant impact on the prices of homes, retail or office buildings. When the railway is eventually built, retail property, in particular, may get a slight boost in value from the expected...