General

Located along Marine Parade Road, Marine Blue is an exclusive and luxurious freehold residential development that is within close proximity to the bustling Marine Parade Town Centre, East Coast Park and is a 15-minute drive to the Central Business District. Consisting of two sleek towers of height 16 storeys and 17 storeys respectively, Marine Blue is cleverly designed such that most of the 120 units will...

WEEKS ahead of Budget 2017, real estate consultancy JLL has proposed that the additional buyer's stamp duty (ABSD) on residential purchases be removed or reduced, and replaced by an annual tax on non-owner occupied units. This "property tax" would be over and above the unit's current property tax. But such an argument has not gained traction with other market watchers - some have a different reading of...

A new record high in HDB resale prices was achieved at Natura Loft, an HDB Design, Build and Sell Scheme (DBSS) project in Bishan where a five-room flat was transacted at S$1.18 million last month. This already marks the third HDB resale transaction in the first month of 2017 that crossed a million dollars, according to SRI Pte Ltd, whose property agent represented the seller. This translated to...

THE online property portal market may have reached saturation, at least according to some industry experts who have noted that two new portals have been launched here in the past six months, and at least three existing players responding with comparable offerings to entice the same small pool of homeowners, house-seekers and real estate agents. The two new platforms, Ohmyhome (OMH) and Yotcha.com seek...

Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016's outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the region. The total number of private homes sold in CCR...

Rents and prices of commercial space in Singapore fell at a faster clip last year compared to 2015, with office vacancies rising to a near five-year high since Q1 2012 after some large projects were completed. Latest data from the Urban Redevelopment Authority (URA) released on Thursday showed that rents of office and retail space have fallen more than 8 per cent in 2016, steeper than the 6.5 per cent drop...

Industrial prices and rentals continued their decline for a seventh consecutive quarter in the last three months of 2016. Prices fell a further three per cent in the fourth quarter, and rentals by 0.5 per cent, said JTC on Thursday. For the year, industrial prices retreated 9.1 per cent, and rentals, 6.8 per cent. This was steeper than the 1.7 per cent decline in prices and the 2.1 per cent in rentals...

The number of resale transactions for public housing flats rose 7.8 per cent to 20,813 cases last year from 19,306 cases in 2015. The latest figure is also the highest in four years. One factor that boosted the resale volume of Housing & Development Board (HDB) flats last year is that more homebuyers sensed that prices in this segment had stabilised and may not fall significantly if they continued to...

PRICES of industrial space in Singapore fell a further 3 per cent in the fourth quarter of 2016, while rentals dipped 0.5 per cent, according to official JTC statistics released on Thursday morning. For the full year, industrial prices and rentals have retreated 9.1 per cent and 6.8 per cent respectively. Occupancy levels bucked a falling trend to increase 0.4 percentage points to 89.5 per cent in the...

THE shine is coming off industrial units. Waning investment yields and demand from end-users have kept a lid on buying interest. The numbers say as much. The number of strata transactions has been falling since the peak of 2012. Based on the caveats lodged, the figure dipped by a fifth (20.7 per cent) last year from the year before; the 849 such units sold in 2016 made for the fourth straight year of...