Sales of new private homes slumped last month as fewer projects were launched during the June school holiday period. Excluding executive condominiums (ECs), property developers sold 536 units in June, nearly half of the 1,058 units sold in May, data from the Urban Redevelopment Authority (URA) showed on Friday (Jul 15). Including ECs, 768 units were sold, down from May’s 1,392 units. The lacklustre...
General
Singapore office space prices fell by 1.5 per cent in the second quarter. Rentals of office space also fell by 3.5 per cent in this quarter, compared to the 2.1 per cent dip in the first quarter of the year, URA figures showed. Meanwhile, prices for retail space fell by 3.1 per cent in the second quarter, following a 1.9 per cent dip in the previous quarter. Rentals of retail space also fell by 3.9 per...
As this year’s National Day Parade (NDP) will return to the National Stadium for the first time in 10 years, hotels in the city area have taken a hit with slower booking rates around the Aug 9 public holiday, and some of them are also charging a lower premium for rooms compared to previous years. For the past 10 years, Marina Mandarin Singapore had been able to expect full occupancy on National Day as...
A Memorandum of Understanding (MoU) on the Singapore-Malaysia High-Speed Rail (HSR) project was signed by the neighbouring countries on Tuesday (Jul 19). Singapore Prime Minister (PM) Lee Hsien Loong and Malaysian counterpart Najib Razak witnessed the ceremony, which was held at the latter’s official residence at Sri Perdana. Putting pen to paper were Singapore Transport Minister and Coordinating...
The High-Speed Rail (HSR) line linking Singapore and Malaysian capital Kuala Lumpur (KL) is expected to start operations around 2026. This was announced at a joint press conference on Tuesday (July 19) after the signing of a Memorandum of Understanding (MoU) between the neighbouring countries. The signing ceremony, witnessed by Singapore Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib...
Mon Jervois offers the ultimate urban retreat in the exclusive District 10, capturing the prestige for which the location of Chatsworth-Bishopsgate-Tanglin is known. An exclusive prime location facing Good Class Bungalows (GCB) and near to various Embassies such as High Commission of Brunei Darussalam, Embassy of Republic of Indonesia and Malaysia High Commission. Location: Jervois Road (District...
EARLY signs of a bottoming-out in the private residential market surfaced in official quarterly data on Friday, indicating that the declines in the prices of private non-landed homes have eased, and HDB resale prices stayed flat in the second quarter. A rebound in resale transactions may also be setting the stage for prices to stabilise, market watchers say. But a convincing price recovery is unlikely...
Corals at Keppel Bay is the third phase of residential developments in the Keppel Bay waterfront precinct. Located along the historic King's Dock, the development comprises 366 luxurious waterfront homes designed by world-renowned master architect Daniel Libeskind. Corals at Keppel Bay offers home owners an idyllic lifestyle in a picturesque setting, with choice units of 1- to 4-bedroom apartments and...
A CONSORTIUM led by NCS has been selected by the Housing & Development Board (HDB) to deliver a Smart Urban Habitat Master Plan (SUHMP), which will help guide the development of HDB's future new towns in Singapore. The consortium also consists of AECOM, Arup Singapore and Samsung SDS Asia Pacific. The SUHMP is part of efforts to make Singapore a "Smart Nation", one that leverages technological...
CONDO transactions of S$10 million and above in the January-June period are up sharply from a year ago, marking the strongest showing since the second half of 2013. The strong pick-up was fuelled largely by foreign buying, attractive pricing and a general improvement in property market sentiment in recent months. According to CBRE Research's analysis of URA Realis caveats data, 19 condos were sold for...